The office opened on Friday night. The honorary consul is the Brazilian of Arab descent Mohamed Zoghbi. Earlier, the Arab Chamber hosted a luncheon in honor of the Sudanese ambassador Mohamed Elsiddig.
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A report from the International Monetary Fund shows that economic activity will gradually gain strength over years to come with projects for Expo 2020 and some recovery in oil prices.
A report from the International Monetary Fund shows that economic activity will gradually gain strength in years to come with projects for Expo 2020 and some recovery in oil prices.
The Brazilian Central Bank’s Economic Activity Index declined month-on-month, but climbed by 1.4% year-on-year.
High-end pieces by the Uberlândia-based Louis Kazan brand, built with natural wood and featuring exclusive design, are on sale at stores in Dubai, Jeddah and Riyadh.
The first half of the year saw a 44% increase in foreign sales of trucks and a 24% increase in foreign sales of buses.
A report by investment bank Alpen Capital brings a forecast of a 4.6% average growth per year, with revenues to reach USD 313 billion in 2021.
The decline took place from January to May in comparison to the same period of last year.
The North American currency ended the day at its lowest level since May 17. Bovespa ended today at the highest level since the same date.
Exports to Arab countries amounted to USD 564 million in the first half of the year, up 133% from a year ago.
The first half of the year saw 556,664 bags of the product shipped from Brazil to the region, down 5% from H1 2016. Export revenues increased to USD 97 million.
Sales increase 4.5% in May over the same month of 2016. Growth forecast was revised up, from 1.2% to 1.6%.
The region was targeted by USD 30.8 billion worth of foreign direct investment last year. The United Arab Emirates was the number one destination.
Shipments of the Brazilian product to the Arab country increased 40% in the first six months. Sales to the Middle East dropped 10% in the same period. Overall, there was a 6.4% decline.
