The Brazilian Ministry of Industry, Foreign Trade and Services reported that the country saw a USD 5.178 billion surplus last month, the result of USD 18.666 billion in exports and USD 13.488 billion in imports.
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Brazil produced 3.28 million of barrels of oil equivalent per day, a lower volume than registered in July and August of last year.
Economy declined 2.3% from April to June over the year’s first three months, impacted by the budget cuts done due to oil’s lower prices.
The Extended National Consumer Price Index (IPCA) forecast for this year from financial institutions polled by the Brazilian Central Bank changed down from 2.97% to 2.95%.
The industry union’s export number until July point to a strong growth of shipments to Saudi Arabia, United Arab Emirates and Oman. The sector wants to expand trade with the region.
Registration will be available until October 20 and can be made online, via an app, or at the Embassy of Lebanon in Brasília. Parliamentary elections are scheduled for May next year.
Ambassador Elkhan Polukhov contacted the Arab Chamber to exchange information on trade and investments, given the cultural and territorial proximity of the Caucasus country with Arab nations.
The country was once again the biggest importer of goods from Brazil in its region in August. Sales from Brazil to all Arab countries increased by 13.7%.
There were almost 643,000 people with USD 1 million in assets or more in the region last year, although wealth there grew less than the global average. Brazil saw an 11% increase in number of millionaires.
The Brazilian federal government and the Federation of Industries of the State of São Paulo will hold workshops in cities across the state of São Paulo this year.
The percentage was registered in the quarter ended in August, according to the Brazilian Institute of Geography and Statistics (IBGE). In the quarter ended in May, the rate was at 13.3%.
Brazilian enterprises interested in joining an event on industrial technology in the emirate next November can rely on support from the government agency to find business connections and to schedule meetings.
The organization’s president, Rubens Hannun, met with Jordan’s ministers of Investments and Industry and Commerce to discuss opportunities to expand economic relations with Brazil.
Brazilian economy is expected to grow this year and see an even sharper growth – 2.6% – in 2018, according to a survey by the Institute for Applied Economic Research (IPEA).
