Brazilian exports to the Arab country totaled US$ 15.7 million from January to August. The president of the sector’s association says that sales are “an outlier”, since the sector’s abroad sales is declining.
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Brazil sold US$ 134.5 million worth of product to the Arab world from January to August this year, a 4.67% increase from a year ago.
Watch in this episode a report about the online certification process developed by the Arab Chamber.
The indicator measured by Fundação Getulio Vargas increased 3.6% in the third from the second quarter of this year, but the number of businesses that will rein investments in is higher.
A survey conducted by Fundação Dom Cabral shows that the Arab nation where the most Brazilian enterprises operate is the UAE. They are primarily involved in services provision and trade-oriented subsidiaries.
Decline in global prices of the commodity will impact exports and tax revenues in the Arab country, says the IMF. For the Fund, the nation should focus on the development of the private sector.
The Brazilian Development Bank (BNDES, in the Portuguese acronym) is providing financing for wind farm projects in the states of Ceará, Rio Grande do Norte and Rio Grande do Sul, with 480 MW of capacity.
According to the institute of statistics, industry output dropped from June to July in eight of 14 areas surveyed. The most marked declines occurred in Paraná and Ceará.
Roberto Abdalla takes office as Brazilian ambassador in Doha on September 23rd, tasked with taking relations between the two nations to a new level. A Qatari mission is set to arrive in Brazil in November.
A federal government ruling sets 17.5% rates for Income Tax and fines on sums wired overseas irregularly by Brazilians.
The Summit of South American-Arab Countries will be held in Riyadh, Saudi Arabia, in November. The Arab League asked for the support of the Arab Chamber in talks with the private sector.
The Brazilian balance of trade showed a US$ 544 million surplus last week. Average daily exports and imports increased over August, but declined over September 2014.
According to estimation of financial institutions, Brazil’s GDP should shrink 2.44% in 2015 and 0.5% in 2016. Survey is done weekly by the Brazilian Central Bank and estimations worsened.
Representative of the UAE-based RAK Porcelain in Brazil says that there’s space to expand sales to four and five-star hotels. The company will launch colored line in a fair in the city of São Paulo.
