The amount withdrawn from savings accounts was higher than the total deposited for the tenth straight month, this time by USD 838 million, according to the Brazilian Central Bank.
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The trade surplus is the result of USD 2.206 billion in exports and USD 1.886 billion in imports in the three business days of November’s first week.
Automakers in Brazil grossed USD 955 million from exports in the month, up 9.8% from the comparable year-ago period.
Financial institutions polled by the Brazilian Central Bank have kept their 2016 inflation estimate level at 6.88%. The projection for next year dropped 5% to 4.94%.
Personnel from the Arab Chamber, Muslim associations federation Fambras and state investment agency Investe SP will be at the Global Business Forum on Latin America next week.
CEO Michel Alaby will accompany the Brazilian minister of Agriculture Blairo Maggi to the UN conference in Morocco. He will also be at a business event championing the emission reduction targets.
Four Syrians will be exhibiting at Feirinha Étnica, to be held by organization Adus in São Paulo on November 12. They will sell leather items, art and décor items, calligraphy and perfumes.
The first international office of the meat processing company will serve the Middle East. The company exports 20% of its output.
The final panel of the 4th Brazil Africa Forum, in the city of Foz do Iguaçu, was moderated by the CEO of the Arab Brazilian Chamber of Commerce, Michel Alaby.
According to ABPA, the sector’s association, Brazilian companies exported 3.7 million tons in the first ten months of the year.
A new indicator by research institute Ipea shows a decline in August. According to the institute, the trend reveals a slow recovery for the Brazilian economy.
The parties will share information and mutually collaborate for the development of deals, products and markets.
The shipping company will offer six new connections on a temporary basis during the country’s vegetable and citrus fruit export season.
The Central Bank liberalized the exchange rate and the Egyptian pound is now fluctuating freely against the dollar. The goal is to end the foreign currency shortage.
