Mutari exports products for hair straightening, dyeing and treatment to a distributor in the UAE. Sales started three years ago and the company plans to enter the markets of other Arab countries.
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This is the total capital of PJSC companies listed at the Securities and Commodities Authority of the Arab country.
According to the Brazilian Coffee Exporters Council (Cecafé), shipments to the region totaled 486,800 bags from January to May. In general, Brazil’s foreign sales also declined.
An indicator from think tank Fundação Getulio Vargas climbed by 7.9 points in the second quarter from the first to 107.9 points, showing an optimistic outlook.
Survey by the Brazilian Institute of Geography and Statistics shows industrial growth of 0.6% in April over March, with only five of 14 states surveyed with positive results.
Business owners are interested in expanding their exports to the region after a lecture given by Michel Alaby, CEO of the Arab Chamber, at the Vitória Stone Fair.
Last month, 77,730 units were made in Brazil, up 21% from the month before. In May from May 2016, however, production declined by 16%.
The 2016-2017 season will see 234 million tons of grain harvested. The amount is up 25.6% from 2015-2016.
The Brazilian cat and dog food maker has been shipping product to Lebanon since 2013. Now it is working on going to an Abu Dhabi fair this year.
Dollar inflow surpassed outflow by USD 744 million in May in Brazil. Year-to-date, the surplus is at USD 11.482 billion.
The company will make an initial public offering (IPO) of its realty arm in the Dubai stock market. By the end of May, it had sold USD 2.64 billion worth of properties.
The UN agency estimates that the global flow will reach USD 1.8 trillion this year and USD 1.85 trillion in 2018, still short of the record-breaking USD 1.9 trillion of 2007.
The Brazilian federal government has announced the funding available for the 2017-2018 crop, with an added USD 1.5 billion from the past season.
Fernando Igreja will soon take office in Abu Dhabi. For him, his largest challenge will be to generate interest regarding investments in projects in Brazil.
