Exports reached USD 5.2 billion and imports came out to USD 3.3 billion in the third week of May in Brazil. Month-to-date, there was a USD 5 billion surplus.
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The Arab Brazilian Chamber of Commerce released a statement informing that it is the only chamber officially recognized in Brazil by the Union of Arab Chambers.
The country’s GDP grew from January to March over the same months of 2017, according to a FGV survey. The indicator is not the official one.
A Saudi Arabian distributor is expected for meetings with Brazilian companies starting Tuesday, through an initiative of pharma industry association Abiquifi and trade promotion agency Apex-Brasil.
The Brazilian Diaspora will descend on the city from May 23 to 25, representing expatriate communities from about 30 different countries, including Lebanon and the UAE.
The United States currency closed up 1% to BRL 3.74 on Friday.
In April, the country’s airports received over 2 million passengers. The Casablanca terminal accounted for 40% of the total.
The IMF released a preliminary report of a visit to the Arab country and praised the efforts made to go forward with the reform program. The Fund should disburse other USD 2 billion to Egypt as part of their agreement.
The North American currency had an appreciation of 0.61% over the real this Thursday. It was the currency’s fifth consecutive appreciation.
Banks surveyed by the Ministry of Finance expect a deficit below the official target for this year.
Brent North Sea crude oil reached USD 80.18, the highest price in four years.
A business delegation led by the Arab Brazilian Chamber has been to Egypt, Tunisia, Mauritania and Jordan, and such is the worth of deals expected to come to fruition in the coming 12 months.
Purchases saw a 10.8% drop in April and a 13.2% drop in the first four months of the year.
A Brazilian company struck a deal to purchase two containers’ worth of the product in preserve from Egypt during B2B sessions last week.
