Export revenues exceeded imports by US$ 2.365 billion last month. Year-to-date, the trade balance still shows a US$ 2.4 billion deficit.
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Brazilian industry sales went from US$ 29.9 million in Q1 last year to US$ 34.3 million in Q1 this year. South America and Africa were the top buying regions.
May’s result was the worst for the month since the beginning of the historic series, in December 2001. In the twelve-month period, primary surplus amounts to 1.52% of the GDP.
For the fifth time straight, financial institutions have revised down their Brazilian economic growth estimates for 2014, to 1.10% to 1.16%.
The BB is launching a sharia-compliant fund in partnership with a Singapore bank. Brazilian companies’ shares will be traded in the Middle East and Asia.
Premium buggies manufactured in the Paraná state capital even have air conditioning. The company began exporting last year, and 70 units should be shipped to the Arab country by the end of 2014.
Country needs a growth rate of such a level to face the economic difficulties in 2015 and 2016, according to the minister of Finance, Hakim Ben Hamouda.
Decrease was caused by smaller contribution of taxes and stimulus packages offered by Brazilian government to companies.
ScriptCase automatizes the development of other software. The program’s developer is based in Recife and sells to 125 countries. In the Arab world, the most customers are in Algeria.
GDP is estimated to grow by 1.6% in 2014. Previous forecast showed an increase of 2%. Smaller growth in agriculture and decline in industry are expected.
Importers from Kuwait, Sudan and Saudi Arabia engaged in matchmaking with Brazilian companies at the Arab Chamber. They want to diversify suppliers and see new products.
Increase could be seen in Q1 from Q1. Brazil has produced a total of 6.2 billion litres of milk, according to the IBGE.
Tabita exports to the Emirates and Kuwait. Company manufactures women’s shoes and invests in a mix of design and comfort to increase sales to the Gulf markets.
The Abu Dhabi-based airline is acquiring a 49% stake in the Italian government-owned company. The deal is now pending approval from regulators.
