A startup from Minas Gerais, Brazil, was chosen for a technology competition last month in the UAE. The company assists with bitcoin-based international cash transfers to natural persons.
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The Brazilian Ministry of Industry, Foreign Trade and Services entered into a memorandum of understanding with the Development Bank of Latin America this Monday (12).
The country ran a USD 2.67 billion deficit from January to May, up 26% from the comparable period in 2016.
qThe Brazilian Ministry of Industry, Foreign Trade and Services reported that exports reached USD 6.411 billion and imports reached USD 4.182 billion in the first two weeks of June.
The Brazilian Central Bank’s Focus Bulletin, a poll of financial institutions regarding the economy, shows that the annual inflation expectation dropped to 3.71% and the GDP growth forecast eased to 0.41%.
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.
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.
