The Brazilian bus maker saw production and profit drop in quarter one, but reports that orders placed to its unit in Egypt will have a positive impact as of the second quarter.
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The federation of dealerships reported that sales were down 9.3% from March and 21.3% from April 2015.
The Arab country’s delegation comprises eight companies, mostly looking to import foodstuffs such as coffee, chocolates, beans, honey and poultry from Brazil. The group is attending the Apas Fair.
Industrial sector activity improved from the poor performance seen in February, the Brazilian Institute of Geography and Statistics (IBGE) reported. Year-on-year in March, however, activity shrank 11.4%.
The slumping Brazilian economy notwithstanding, Arab industries are willing to sell and believe in the country’s potential. Companies from Tunisia, Jordan, the UAE and Egypt are exhibiting at the Apas Fair.
April’s USD 4.861 billion surplus was the biggest for the month since record-keeping began. Foreign sales were up 1.4% to USD 15.4 billion.
The tax rate on acquisition of foreign currency in cash went from 0.38% to 1.1%
In a meeting at the Arab Chamber, a delegation from the African country expressed interest in supplying Brazilian supermarkets. The São Paulo Supermarkets Association Fair will feature three companies from Tunisia.
A trade delegation from the Arab country, led by the Jordan Chamber of Commerce, will engage in business activities in São Paulo as of next Monday, including attending supermarket industry expo Apas.
The Qatari airline will host an event to recruit flight attendants on May 14 in the city of São Paulo. Candidates need to register in the company’s website.
Working out of the Paraná state capital Curitiba, the socially-conscious enterprise Linyon finds jobs for immigrants. It also oversees new businesses and delivers lectures at schools and in corporate settings.
An Arab fund for investment in agriculture purchased a 20% stake in the Brazilian meat packer in late 2015. This Friday, executives from both organizations said the crisis in Brazil should not hurt their business.
Revenues in the Middle East and North Africa (MENA) reached BRL 1.6 billion (USD 463 million) in this year’s Q1. Sales volume also went up.
Such is the amount the Brazilian state-run oil company could save each year as a result of restructuring measures. Shareholders approved the plan last Thursday (28th).
