Survey by the Federation of Commerce of the State of Rio de Janeiro (Fecomércio-RJ) and Ipsos Institute also indicates that the average amount to be spent should go up in comparison to last year.
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The Arab Chamber’s vice-president of Foreign Relations will talk about the ‘Brazil’s International Presence: outlooks, possibilities and relations with the Arab countries’ on October 21, in São Paulo.
The National Consumer Price Index (IPCA) ended last month below the 0.19% seen in August. From January to September, price increase in Brazil reached 1.78%.
The total amount traded from January to July in the capital of the United Arab Emirates accounted for 6.7% of non-oil sector turnover in the country.
Index measured by trade federation FecomercioSP went up 1% in September over August and stands at its highest level since April 2014.
The increase was in comparison to the same period of 2016. Year-to-date, exports by the automotive sector are at an all-time high.
The Saudi Arabian state-run oil company is expected to go listed in the second half of next year, one of its executives said. Its shares will be offered in domestic and international stock exchanges.
Cosmetics manufacturer Floractive, based in Cajamar, 30 km from São Paulo, exported for the first time to a client in Egypt. Currently, nearly 40% of its foreign sales are to North Africa and the Middle East.
In his opening address at an event that included a lecture by Development Bank president Paulo Rabello de Castro, the Arab Chamber’s president discussed complementary aspects of Brazil and Arab countries.
Total gains of the five main Brazilian government-owned groups reached BRL 17.3 billion (USD 5.59 billion) in the year’s first six months.
Paulo Rabello de Castro, president of the Brazilian Development Bank (BNDES), spoke at the Arab Chamber this Wednesday about a new phase for Brazil, in which the bank should invest in new sectors with Arab funds.
US dollar inflow exceeded outflow by USD 2.545 billion in the country last month, according to the Brazilian Central Bank.
The stand of the Brazilian Beef Exporters Association (Abiec) at Anuga, the food sector expo in Cologne, is expected to welcome from 200 to 300 Arab buyers next Tuesday (10) at the Arab Halal Day.
Data from the sector’s association shows a slight increase of 0.2% in exported volume over the same month if 2016. In revenues, the performance was similar: increase of 0.1%.
