Brazil’s National Supply Company (Conab, in the Portuguese acronym) expects 200.7 million tons of grain to be harvested in 2014/2015, up 1.1% from last month’s forecast.
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The credit rating agency has kept the country’s sovereign rating at BBB, but downgraded its outlook from stable to negative.
Percentage was measured during December, January and February and it’s the highest since the period of March to May in 2013.
Brazilian exports to the countries of the region went up 4.7% in March over the same period of 2014. To Saudi Arabia, the amount increased 20%.
Over 3 million bags were shipped from Brazil, an all-time high for the month. Revenues reached US$ 552 million, up 24%.
The event Outlooks of the Brazilian Economy, scheduled for April 14th, was postponed, with a new date to be set.
The city’s infrastructure for business meetings and incentive trips was showcased during a seminar hosted by a conventions office from the emirate. Interested companies get free support.
To Duncan Watson, executive of the company, a high-priced North American currency can help elevate the volume of cargo carried from Brazil.
The region’s GDP should increase by a mere 1% this year, the organization says. The previous projection, issued in December, was 2.2%.
Roberto Abdallah received agrément (full credence) from the Arab country. Before this post, he was ambassador in Kuwait and head of the Middle East Department of the Ministry of External Relations.
In February, there was an activity increase in the sector in eight states, along with a decline in six others, according to the IBGE.
Diplomats from 16 countries will meet with political leaderships from the state of Amazonas and city of Manaus. To get to know trade and investments opportunities is the goal. The Arab Chamber will attend the mission.
Credit rating agency stated, through press release, that the sector’s performance was good in 2014, but expects challenges for 2015.
The International Monetary Fund assesses the expansion of investments made according to Islam rules and shows that the volume is expanding, just as the importance of the Gulf’s countries.
