Alexandria-based ElKhalil is interested in exporting miscellaneous spices, aromatic and medicinal plants to the country. The enterprise already supplies countries in Europe and North America.
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The figure comes in the wake of a government incentive package, according to the country’s minister of Investment Mudathir Abdul-Ghali.
During a meeting this Wednesday (20), the Brazilian Central Bank decided to keep the Selic rate the same for the eighth consecutive time.
According to the Unctad, 10% of developing countries’ exports to the G20 are lost as a result of sanitary and phytosanitary measures and other issues.
Net revenue was down 18.1% for the Brazilian conglomerate year-on-year in June. Year-to-date through June, net revenue declined by only 0.1%.
The Valeo group will build an industrial complex to make car parts in Tangiers. The facility will supply countries in Africa and the Middle East, with initial investment at 50 million euros.
The IMF cut in 0.1 percentage point its estimates for the growth of global GDP for this year and the next.
The Council of Arab Ambassadors in Brasília offered a dinner in honor to the secretary general of the Ministry of Foreign Affairs (Itamaraty) Marcos Galvão. Arab Chamber representatives attended the event.
Exports promotion agency Apex-Brasil and Brazil Design Center opened registrations for companies interested in developing or tailoring products and packaging for exports.
The surplus was the result of USD 4.4 billion in exports and USD 2.9 billion in imports. Shipments increased, but foreign purchases declined.
Financial institutions polled by the Brazilian Central Bank believe policymakers will keep the interest rate at 14.25% at this week’s meeting, but slash the benchmark rate to 13.25% before the year ends.
The Arab, African and South American Library and Research Center is looking to hire personnel for positions including management, communication, cataloguing of art objects and language teaching.
Brazil exported 25% less to the United Arab Emirates and 33% less to Saudi Arabia in the first half of this year from the first half of 2015. The average price per pair of shoes to those countries also declined.
This Friday saw the launch of a 12-bed facility for patients with high-complexity heart conditions. The hospital was established by the Arab colony in Brazil.
