The Union of Arab Banks claims that deposit and loan portfolios should reach US$ 3 trillion this year, up US$ 400 billion from 2012.
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According to the industry association Abraciclo, the 6.4% increase in March from February indicates that activity is picking up.
Net cash inflow into savings accounts stood at R$ 5.96 bn (US$ 2.94 bn) in March in Brazil, the highest-ever result for the month and the highest so far this year, according to the Brazilian Central Bank.
The country offers subsidies ranging from 5% to 15% of the full project value in several different industries. Opportunities were presented at an event in the Arab Brazilian Chamber.
Sales reached 284,000 vehicles in Brazil in March, as against 235,000 in February. In comparison to March last year, however, there was a 5.5% drop.
The vice president at the company, Ram Menen, stated that worldwide the sector is living deceleration. The exception is Africa, which is growing.
In January and February 2013, the terminal handled 15.5 million tonnes of cargo, up 15% from January and February 2012. The Port has been receiving larger ships.
Revenues from Brazilian exports to countries in the region amounted to US$ 2.2 billion in January and February. Imports stood at US$ 1.46 billion, up 20%.
The country sold primary products with lower added value than in February. The movement was fostered mainly by metals, which includes iron ore and bauxite, among others.
Inbound US dollars exceeded outbound by US$ 391 million in March in Brazil, countering January and February results.
Saudi Arabia and Japan were the only two countries whose chicken imports from Brazil increased in March. Overall, the industry saw a decline in export volume and revenues.
Agreements signed during Michel Temer’s visit establish political consultation mechanisms, a joint commission, and sports cooperation. The Brazilian vice president visited company Vale’s facilities in the Arab country.
The government aims to increase the total the country has in foreign currency from US$ 13.5 billion to US$ 16 billion by late June. An IMF delegation should arrive in Cairo on Wednesday. Total of the agreement may change.
Production of capital goods grew from January to February this year. It was the only industrial sector to present a positive result in the period.
