Consumption went up in all four major sectors surveyed and in all five regions of Brazil. The biggest increase was in industry.
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The Cairo Chamber is planning a business mission to Brazil this year. Arab Brazilian Chamber of Commerce executives discussed having seminars on the Mercosur-Egypt free trade agreement.
The result is the highest ever for a February in Brazil since record-keeping began in 1989. The USD 7.3 billion surplus year-to-date through February was also an all-time high for the period.
The minutes from the latest meeting of the Monetary Policy Committee show a willingness to accelerate cuts in the benchmark interest rate, which is now 12.25% per annum.
The Cairo-based multilateral organization is keen on building stronger ties with Brazil. Arab Brazilian Chamber of Commerce executives proposed actions to be taken with regard to food security.
Agreements signed on Tuesday amount to USD 2.225 billion and include stakes in pre-salt oilfields.
The Federation of UAE Chambers of Commerce and Industry invited Brazilian companies to go to all seven emirates on a deal-seeking mission. The Arab Brazilian Chamber was called upon to join the effort.
Exhibitors at the food industry show opening next Sunday (26) in Dubai will include over 90 companies from Brazil. Their goal is to build rapport with clients and find new markets.
Governor Marconi Perillo will travel to the United Arab Emirates and Saudi Arabia with a delegation of officials and executives. The goal is to draw capital into major projects and boost trade.
Brazil saw a primary surplus of BRL 6.7 billion. For the full-year result, however, a BRL 143 billion deficit is expected.
Exports to the region reached USD 967 million last year, the Brazilian mining company reported. Vale bounced back from its 2015 loss to post a profit of USD 3.982 billion.
The Arab country is one of the target markets of Organics Brasil, a program designed to advertise the Brazilian industry abroad.
The rate of locally-made equipment and services will be reduced by 50% in oil and gas drilling tenders.
Foreign sales of capital goods from Brazil reached USD 446 million in January, a decline of 12% compared with January of last year.
