From January to June, shipments to the region went up 77.4%. According to the sector’s association, the industry started to look beyond Latin America.
Browsing: News
Net savings deposits reached USD 1.8 billion in June, the highest amount for the period since 2013. Year-to-date, withdrawals outweighed deposits.
The increase of the FAO Food Price Index occurred in May. In comparison to June of last year, it went up 7%. Wheat and meats drove up the index.
Brazil’s Finance minister Henrique Meirelles said the growth forecast for this year remains at 0.5%. At the end of June he had said growth could be weaker.
Mohamed Swayeb, from firm Schuhmacher Medtech, which operates in footwear retail and distribution, placed orders in the São Paulo fair. Swayeb and Mohammed Ghaddar, from Oman, visited the Arab Chamber.
Rubens Hannun sat down for meetings with Saudi Arabian, Qatari and Kuwaiti diplomats to assess the trip to the Gulf organized by the Ministry of Agriculture and to discuss forthcoming actions.
Brazil’s dollar inflow surpassed the outflow in USD 4.3 billion last month, according to the Brazilian Central Bank.
An index that tracks the costs of staple goods in Brazil dropped slightly by 0.02% in June from May. In the 12 months through June, however, the indicator slid by 4.6%.
Company Shoe Palace did business with seven Brazilian companies in the footwear trade show taking place in São Paulo. The Arab Chamber has a spot in the fair and is providing support to importers.
The Africa Finance Corporation will lend USD 28 million to enable the start of production in the Halk El Menzel field, which is under concession to Tunisian company Topic.
Foreign sales from Brazil amounted to USD 3.6 billion in the first half of the year, with over 2 million tons sold. Egypt was a major buyer.
According to a survey conducted by the Brazilian Institute of Geography and Statistics (IBGE), there was an increase of 0.8% over April ando f 4% over May of last year.
Saudi Arabia’s Elixir is looking for footwear suppliers for its new store chain, Kuwait’s Hazar Shoes wants to become a franchisee for a Brazilian brand and Oxygen, also from Kuwait, plans to keep on buying.
Foreign sales from Brazil to the region amounted to USD 5.6 billion in the first half of the month. Overall, the country saw a USD 36 billion trade surplus.
