The state-run oil company’s 2017 result stemmed from one-off expenditures, without which it would have seen over USD 2 billion in net profit.
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With the assistance of Dubai Exports, companies from the UAE are managing to export their products to the Brazilian market. In addition to perfumes, moisturizers and deodorants are also in the exporting list.
The conglomerate saw exports climb to USD 155 million in 2017 from 2016, fueled by its auto parts business, while its vehicle exports slid.
Carlos Brandão paid a visit to the organization’s headquarters, in São Paulo, alongside São Luís vice mayor Julio Pinheiro, secretaries and advisers. They were welcomed by Chamber president Rubens Hannun.
The relevance of foreign sales, despite the pick-up in domestic economy, set the tone of the first day of the building industry show that began this Tuesday in São Paulo. The Arab Chamber has a stand there.
Sales volumes increased month-on-month, a Brazilian Institute of Geography and Statistics (IBGE) poll showed. In the 12 months through January, sales were up 2.5%.
The architecture and construction industry sector trade expo begin this Tuesday (13) at Transamérica Expo Center in São Paulo. Arab buyers are expected to attend business matchmaking.
The projection from financial market players regarding how much Brazil’s economy will grow in 2018 changed down from 2,90% last week to 2.87% in this one.
Photovoltaic glass manufacturer Emirates Insolaire is awaiting certification from the local regulator before beginning to ship its product, which should happen by June, in addition to the opening of a showroom.
The majority of the 14 areas surveyed by the Brazilian Institute of Geography and Statistics (IBGE) registered a decline in production in January of this year over December 2017. Sharpest decline was in Paraná.
The official inflation index IPCA stood at 0.32% in February, the lowest in eighteen years, according to the Brazilian Institute of Geography and Statistics (IBGE). Year-to-date, the inflation rate is at 0.61%.
The Arab country’s ambassador to Brasília said nine agreements are in effect with Brazil. One of the treaties in the works concerns a visa waiver.
The currency went up for the second straight day, to BRL 3.265, amid uncertainty surrounding the US’ steel and aluminum import tariff hike.
Lubna Chahine created a channel in the video-sharing website to help Brazilians living in the UAE. She’s also currently organizing the Café Brasileiro em Dubai (Brazilian Café in Dubai).
