The wall, floor and façade tile manufacturer plans on going from exporting 14% of output to 20% this year. The company has shipped products to Libya and the United Arab Emirates in the past.
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Transactions carried out in February showed a deficit, driving Brazil’s 12-month deficit to US$ 89.9 billion.
The former Brazilian minister of External Relations and of Defense is delivering a lecture on the matter at Universidade Federal do ABC. The region was a priority during his term as head of the Foreign Ministry.
Credit rating agency Standard & Poor’s has reaffirmed the country’s investment grade status.
In the third week of March, imports overcame exports in R$ 199 million (US$ 62.5 million). The balance year-to-date is negative in US$ 6.288 billion.
This week’s Focus Bulletin shows a surplus estimation of US$ 3.5 billion for the Brazilian trade balance in 2015, against a projection of US$ 3 billion last week.
On April 14th, economist José Roberto Mendonça de Barros will talk about the economic scenario of the country, including exchange rate issues, foreign trade and commodities’ prices. Registrations are open.
High-end furniture manufacturer has an outlet at an Abu Dhabi gallery and is looking for a point of sale for its products in Qatar. The goal is to expand in the Middle East.
Brazil’s Nova Lamy sells decking and plywood and has done deals with Egypt, Kuwait, the United Arab Emirates and Saudi Arabia. Now, they’re aiming for the Qatari market.
The North American currency registered a depreciation of 2% this Friday (20th), after a week of instability in the financial market.
The Kuwaiti representative at the UN said that over US$ 2 billion worth of humanitarian aid have been supplied, out of US$ 2.4 billion pledged at a conference last year. A new event will take place on the 31st.
The Brazilian federal government has ‘vehemently’ disapproved of this Friday’s attacks on two mosques in Sanaa, the Arab country’s capital, that left over a 100 people dead.
A mission from the Fund visited the Arab country and gave a positive assessment of the local economy. The loan is still pending approval from the IMF Executive Board.
The Brazilian state-owned institution granted loans worth a combined US$ 57.7 billion last year, a decline of slightly over 1% from the total amount in 2013.
