The São Paulo brand Cervera has been selling its footwear to a store in Riyadh for four years already. Now, the company is doing market research to seek other Arab markets.
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Activity slowed down in Brazil as against September levels according to a survey by the Brazilian Institute of Geography and Statistics (IBGE). It was the third straight month-on-month drop.
Cerâmica Stéfani has shipped the first containers to the UAE and Saudi Arabia this year and is waiting for new orders. The company is also eyeing the North Africa markets.
Fertilizer purchases by Brazil in the global market totaled 22.3 million tons from January to November. Supplies by Arab countries increased even more at 32.2%.
Out of all Arab countries, the Egyptian market has the strongest growth potential for 2017, according to industry association ABPA. In 2016, exports to the African country soared by 45.8%.
Measures by the Development Bank aim to facilitate, expand and streamline access to credit by micro, small and medium-size businesses.
The National Confederation of Industry forecasts an expansion of 0.5% in 2017. For the industrial sector, the estimative is for a growth of 1.3%.
Sales to the two Arab countries declined year-to-date until November, but overall exports went up 3.6%, according to data provided by Abicalçados, the sector’s association.
The result in the first two weeks of December is the result of USD 4.817 billion in exports and USD 3.952 billion in imports.
Foreign sales from Brazil are seen grossing USD 5.5 billion by the end of the year, down 7% from 2015. Imports from markets including Egypt and Saudi Arabia fell short of expectations, but a rebound is expected.
Survey shows that from this total, USD 16.71 billion is generated by residents of communities in underprivileged Brazilian suburbs.
Financial market is predicting the inflation rate to be 6.52% in Brazil this year. Previous estimate was 6.69%.
An initiative from organization Migraflix intends to find families that are willing to welcome refugees who don’t want to be alone for the holidays.
Business owner Julia de Biase will speak on the topic ‘The world of Eastern perfumes’ on Monday (12) in the city of São Paulo. The event is aimed at clients, executives from the sector and the press.
