The Brazil-based enterprise has informed that it has entered into a “non-binding agreement” with a business in the Arab country, looking to expand its operations in the Middle East.
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On this episode: A visit by the Foreign Minister of Morocco, and a forum on the country organized by the Financial Times; Brazil and the soybean market; Braskem petrochemicals; and the city of Belo Horizonte.
Month-to-date through December 20th, Brazil has recorded a US$ 7.735 billion deficit in foreign exchange flow. Year-to-date, dollar outflows exceeded inflows by US$ 11.2 billion.
The estimate was announced by the prime-minister Ali Larayedh, whose term in office ends in January. In an address to the parliament, he said the GDP will grow more next year than in this one.
The total amount sold was down 5%, according to a business association. Last year there was a 6% increase.
In 2013, apart from highway concessions, two airports in Brazil, Galeão and Cofins, were assigned for management by private consortia.
Cave Antiga, in Farroupilha, has closed its first sale to an Arab country, to distributing company Sultan Center. The winemaker is also in talks with an Abu Dhabi buyer and will go to the Gulfood in 2014.
Sales from Brazil to the region stood at US$ 12.7 billion year-to-date through November. High domestic market prices are attracting exporting companies.
The Arab country’s Central Bank announced this week that US$ 100 million have been paid to the Qataris and US$ 200 million to the Turks. The loans were made in times of crisis.
The two countries, plus Lebanon, ranked among the suppliers of the product to the Brazilian market in the last crop. They shipped a combined 194 tonnes from October 2012 to September 2013.
Getúlio Vargas Foundation index shows consumers are less confident in the economy, at a below-average rate for the 10th straight month. Respondents said their financial status has worsened.
First batch of cheese bread will be shipped in quarter one, 2014. The product will be re-exported from Dubai to the Gulf and North America countries.
The latest forecast from Brazil’s National Supply Company for this year’s harvest indicates a 3.3% decline from the past crop.
In 2014, the initiative of the Qatar Museums Authority will bring film festivals, sports and art exhibits, and natural pearl exhibits to the country. The activities will take place in several cities.
