The Arab airline acquired 10% of total shares of the South American company, which will now move forward with a USD 613 million capital increase.
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Answering a survey by the Ministry of Finance, banks revised down slightly their forecast for the central government’s primary deficit from the BRL 159.8 bn (USD 47.03 bn) previously estimated.
Sports clothing by the Campinas-based Canoan are on sale in the UAE, Egypt and Qatar. The company began to export less than a year ago and it already ships 60% of production abroad.
The United States currency was selling for BRL 3.422 at the end of this Wednesday in Brazil, down 0.56%. São Paulo Stock Exchange Index Ibovespa gained 1.85%.
Indicator by consulting firm Serasa Experian shows a downward trend in the economy from July to September over the previous quarter.
Business organizations in 34 countries have signed on to the Marrakech Declaration, whereby they support the entry into force of the Paris Agreement and make suggestions. The Arab Chamber is a signatory.
The Council of Arab Ambassadors in Brazil met with the state governor, Geraldo Alckmin, and the chairman of the local industries federation, Paulo Skaf.
The São Paulo-based enterprise ships product to 11 Middle East and North Africa countries and is seeing 30% to 40% annual growth in the region. It boasts an office, storage space and a training center in Dubai.
A survey from the World Economic Forum shows that the Arab country is widely popular among people aged 18 to 35 who’d like to move abroad in order to advance their careers.
Exports from Brazil grossed USD 3.938 billion in the second week of November, with imports amounting to USD 2.817 billion.
The forecast was announced by the Algeria prime minister, who believes in growth despite lower revenues from oil.
Gross Domestic Product is seen shrinking 6.84% in a Brazilian Central Bank poll of financial institutions. Last week’s estimate had been marginally better. Inflation forecasts, on the other hand, have improved.
Organizers of Furnex, scheduled for February 2 to 5, will select importers to visit the event with all expenses paid for. Those interested can apply until the end of the month.
Arab Brazilian Chamber of Commerce Foreign Trade vice president Rubens Hannun, discussed the Muslim market to students taking the course ‘The Islamic World,’ at the Foreign Ministry’s school for diplomats.
