The São Paulo Stock Exchange (Bovespa) was up 7.05% in March, the best monthly result since January 2012, and the first positive performance since October.
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In the fiscal year beginning this Tuesday and ending in March 2015, the Qatari government plans on spending US$ 62 billion. The GDP growth forecast is 6%.
Event points out the particularities of the market in the Arab Emirates, Saudi Arabia and Egypt. The meeting takes place on April 23rd, in São Paulo, and targets cosmetic segment professionals.
Financial institutions polled by the Central Bank have slightly revised down their economic growth projections for 2014. The previous forecast was 1.7%.
Foreign Office’s undersecretary-general for Middle East and Africa was voted Arab Chamber Personality this year. Ceremony will take place at São Paulo’s Jockey Club.
The International Monetary Fund will help local authorities implement economic programme to help country reduce debts and grow.
Filippo Grandi, who has run the agency for the refugees in the Gaza Strip and West Bank for the last four years, leaves the position this Saturday (29th).
More than a year after a case which led some countries to ban imports, the Saudi market is still shut off, and buyers are resorting to other suppliers.
The Brazilian Medical and Dental Equipment Industry Association has renewed its trade promotion agreement with Apex-Brazil. Industry companies are attending two fairs in the region.
According to the Brazilian Treasury Secretary, Arno Augustin, the raising of 1 billion euro by the Brazilian government this Thursday on Europe, shows the international investors’ trust.
The companies have entered into a joint venture to sell raw and refined product. The new company will have offices in Hong Kong, São Paulo, Miami, New Delhi, Moscow, Jakarta, Shanghai, Bangkok and Dubai.
Multinational intends to invest US$ 1.3 billion until 2016 and the company’s CEO claims that the country’s lowering of credit rating by S&P does not alter its plans.
Direct investment amounted to US$ 175 billion worldwide last year. Four Arab organizations are among the top ten investors, according to the Foreign Wealth Fund Institute.
Foreign sales from Brazil increased both in February-on-February and in the first two months of the year. The international market underpinned the industry’s revenues.
