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.
Browsing: News
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.
The United Nations High Commissioner for Refugees and the World Food Programme ask for US$ 371 million to help the homeless due to internal conflicts in South Sudan.
The Arab Brazilian Chamber CEO Michel Alaby has made several contacts this week, in Riyadh, with businessmen looking to become acquainted with companies and projects in Brazil.
The São Paulo-based Ideia Glass ships glass shower boxes, doors and panes to four countries in South America. The company derives 20% of its revenues from foreign sales.
Technicians from African countries were in Tocantins and Goiás to learn about the cropping and processing of the product. A representative of Mauritania was part of the delegation.
The amount was spent last year by 32% of adult internet users in the country, the equivalent of 3.7 million people, according to survey.
An International Monetary Fund mission convened with Iraqi authorities in Amman, Jordan, and said the country’s GDP has increased, as did forex reserves. Spending and safety are still challenges.
In 2013, the meat processing company saw an increase in revenues and exports. The share of Arab countries declined, but combined revenues from their imports increased in relation to 2012.
The country has responded to the challenges at an international level in a classical and sturdy way, according to information released by the Central Bank (BC, in the Portuguese acronym) in reply to the lowering of Brazil’s ratings by S&P.
Ubabef, for poultry, and Abipecs, for pork, are now extinct; their executives have formed the Brazilian Animal Protein Association (ABPA), for increased representativeness. Relations with Arabs remain the same.
Treaty that avoids double Income charge in reciprocal investment was signed in Riyadh during the Arab-Hungarian Economic Forum.
After showing a surplus in the first fortnight in March, Brazilian trade balance was again negative last week. Deficit was US$ 461 million.
