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Ceramic tile manufacturer Gail has closed an export deal to the country at the Big 5 exhibition, in Dubai, and is betting on sales to the Gulf to meet its overseas growth target.

Brazil’s federal, state and municipal governments and government-owned companies have posted a US$ 1.4 billion surplus in October, after five straight monthly deficits.

The NBAD’s Ângela Martins believes the country should join the Islamic finance market, considering its large trade and investment volume with Muslim nations. The market is currently worth US$ 1.2 trillion.