Global economy should expand 3.4% this year and 3.6% in 2017. Brazil could close 2016 with 3.5% shrinkage, with the Middle East growing 3.6%.
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The USD 621 million surplus was the result of USD 3.145 billion in exports and USD 2.524 billion in imports. In the first week of January, the country had registered a trade deficit.
Last year, 18 million tons were sold. Exports increased 40% in volume, but revenues edged down 3.3%.
Financial institutions believe the Brazilian Central Bank will raise the benchmark rate by 0.5 percentage point this week.
Oriental Weavers operates in more than 130 countries, with manufacturing plants in the United States, China and Egypt. Now the company wants to open the Brazilian market.
Established 25 years ago by a Lebanese family, Pita Bread makes ten tons of bread a day. The company operates out of São Paulo state and also supplies product to bread company Wickbold.
State-owned company produced, on average, 2.6 million barrels of oil equivalent of oil and gas in Brazil, an increase of 5.5% in comparison to 2014.
Shipments from the country generated USD 22 billion in 2015, an increase of 6.7% over 2014, and external sales totaled USD 37 billion, a decline of 5.6%. Trade deficit went down 18%.
The Economic Activity Index edged down 0.52% in November, the Brazilian Central Bank reported.
The Egyptian government wants to attract multinational companies to the region. The international forum will be held from February 22nd to 24th in Cairo. Registrations are open.
In 2015, clients received 101 passenger jets and 120 business jets made by the Brazilian aircraft manufacturing company. A deal with Emirates Airline was a highlight of the year.
Last year, 1.26 million units were manufactured in Brazil. In 2016, output is expected to grow 2.5%.
Consulting firm Establish Brazil, owned by Syrian Husam Abboud, helps companies and entrepreneurs from abroad to set themselves in the country. It offers help with red-tape and knowledge of the local market.
Survey by KPMG consulting company shows that foreigners bought 296 companies in Brazil and that Brazilians acquired 66 companies abroad in 2015.
