Three enterprises from Brazil have been invited by the Egyptian government to the Destination Africa expo next week in Cairo, where they’ll sit down with inputs suppliers. The Arab Brazilian Chamber will be there.
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Delegation organized by the Special Secretariat of the Investment Partnership program met with UAE’s sovereign funds. To secretary Tarcísio Gomes de Freitas, they ‘have Brazilian assets on their radar.’
The forecast of total disbursements to be made this year by the Brazilian Development Bank (BNDES) was reported by its president. The amount stands below the BRL 80 billion (USD 24.61 billion) of the previous forecast.
Financial market players expect prices to have gone up 3.08% by the end of this year. They also see GDP climbing 0.73%.
Production in 2017 is near twice as larger as the one registered five years ago. However, the country exports only 3% of the total.
The country produced 103.7 million barrels last month, which results in an average above 3.3 million daily barrels.
Special Secretariat of the Investment Partnership Program (PPI) heads the delegation that will visit the UAE, Saudi Arabia, Kuwait, Bahrain and Qatar starting next Sunday (5). The Arab Chamber is taking part in it.
The sector accounted for 2.6% of the emirate’s non-oil revenues from January to August.
Sales of fresh and processed poultry increased in volume in October over the same month of 2016. Year-to-date, however, there’s still a slight decline.
Nominations are open for the King Hassan II Great World Water Prize. The award ceremony will take place at the 8th World Water Forum next March in Brasília. Arabs will be in attendance.
The region accounted for 5.9% of total foreign sales from Brazil in October, the Brazilian Ministry of Industry, Foreign Trade and Services said. Overall exports from Brazil grossed USD 18.877 billion.
An index from think tank Fundação Getúlio Vargas climbed 2.6 points in October from September to its highest level since July 2014.
In September, nearly 1.6 million daily barrels of oil equivalent were produced in the Brazilian pre-salt, which accounted for 49.8% of the country’s total.
A Brazilian construction company specializing in housing and metal structures is set to start work in Muscat next December.
