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Total revenue went down, but the vehicles, trailers, semi-trailers and auto parts maker increased its foreign sales in quarter two of this year. The Middle East’s share in the company’s total sales remained flat.

Pamonha Gourmet exports the frozen product to six European countries. The company directs 30% of its sales to markets abroad and now is in negotiations to enter the Middle East.

Financial institutions polled by the Brazilian Ministry of Finance are expecting the National Treasury, Social Security and Central Bank to run a USD 50.5 billion deficit, up from USD 49.4 billion in the prior forecast.

In a lecture at the Arab Chamber, the sociologist said that Brazil needs to get into international agreements to take part in trade’s new rules. He also pointed out that the window for bilateral agreements is closing.

L’oeil shops carry locally-made and international furniture and items at two outlets in São Paulo. Last month, over 100 items arrived from Morocco – most are reproductions of ancient pieces.