Saudi Arabia and the United Arab Emirates had announced US$ 8 billion in aid to the country after the ousting of President Mohamed Morsi. The IMF has not had contact with the interim government.
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The Food and Agriculture Organization has warned that although these products should grow 7% in offer in 2013, 34 nations are living a situation of food insecurity.
Brazilian sector exports to the region totalled US$ 3.9 billion. In June, shipments were US$ 528 million, an increase of 2.5%.
The Fund estimates that the economy of the Middle East and North Africa will be up 3% in 2013 and 3.7% in 2014. The rate is down 0.1 percentage point from April.
The volume processed at plants in Mid-South Brazil was down 17.5% in the second half of June from the first half due to rainfall.
The country should only buy 51,000 tonnes from abroad this crop, according to projections from the Conab. The previous estimate was 163,000 tonnes, but domestic growers are supplying the national market.
There was a decline over April, following bullish and steady periods early on in the year. Over May 2012, the decline was even sharper at 0.7%. Year-to-date, the rate is down 0.8%.
Both organisations signed an agreement to strengthen technical assistance and training in the area on the continent. The objective is to strengthen participation of the region in multilateral trade.
The country exported 637,000 bags to the region in the first half. Revenues with shipments, however, were practically the same as those in the same period in 2012.
The Brazilian trade balance had a surplus of US$ 198 million last week. Imports grew more than exports.
The Casablanca technology centre should promote development and maintenance of applications, as well as services for integration of systems in Africa.
Revenues of the airline of Abu Dhabi totalled US$ 2.5 billion in the first half. There was growth of 13% in passenger revenues and 19% in cargo.
The National Bank of Abu Dhabi is opening its representative office in São Paulo. The institution’s objective is to provide services to companies and other banks in Brazil.
According to Brazilian Finance minister Guido Mantega, tariffs should be reduced to offset the dollar hike in the past weeks. Tax on items such as steel, fertilizers and glass increased in 2012.
