The International Monetary Fund does not rule out hazards to the region’s economy. These include a weak recovery of the United States and a decline in demand for commodities.
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Mohamed Morsi should visit Brazil this week in the company of a trade delegation. On Wednesday, there will be business roundtables at the Arab Brazilian Chamber.
The Gulf country was the leading importer from the sector in quarter one. Overall, exports from Brazil’s cooperatives were up 9% during the period.
On Saturday (4th), Alexandre Padilha will inaugurate a medical centre built in Hebron with funds supplied by Brazil. He should also meet with Palestinian authorities.
The balance was US$ 944 million negative, but exports grew 5.4%, to US$ 20.6 billion. This year, the only month with a trade surplus was March.
Profit by the Brazilian branch of the Arab Banking Corporation in the first quarter of this year is 0.8% higher than in the last quarter of 2012 and 5.6% higher than in the first three months of 2012.
The Arab Brazilian Chamber of Commerce will take business associations to the Saudi Food, Hotel and Hospitality fair, due from May 19 to 22 in Jeddah. There are still openings for interested companies.
The state government implemented a program to foster micro, small and medium company exports. The events are organized in different cities in Bahia to show what may be done to help small businesses sell abroad.
Businessmen from Sudan and Egypt are visiting the Agrishow fair, in the city of Ribeirão Preto, looking for crop management services and equipment.
Fiat’s new Brazilian plant has been named South America’s best investment attraction project in 2012. Global capital flows are the theme of a forum that kicked off this Tuesday in the emirate.
Foreign sales fostering project Brazilian Furniture targets nine countries, including the Emirates. Shipments saw a slight decline in quarter one.
The Brazilian food company posted US$ 1.54 billion in export revenues in quarter one. The Middle East is the main target market, with over US$ 499 million in imports.
Exchange rate variations increased the revenues to R$ 2.2 billion (US$ 1.1 billion), R$ 113 million (US$ 57 million) up from the same period last year. The company received greater orders of light and defence aircraft.
The country’s export and investment promotion agency was among the winners of the United Nations (UN) award. Organisations from Jamaica and Latvia also won.
