The outflow of foreign currency from Brazil exceeded the inflow by US$ 1.46 billion, according to the Central Bank.
Companies in the area signed a new agreement with Brazil’s Export Promotion Agency, to invest US$ 1.78 million for greater sales over the next two years. Equipment optimisation is among the targets.
The Qatari rally pilot, who won the traditional Rally in 2011, finished third in skeet shooting at the London Olympics. An Egyptian won silver in fencing.
The institution, whose controller is the Arab Banking Corporation, posted a net profit of US$ 27.1 million from April to June, down 8.6% from the same period of 2011.
Production reached 1.92 billion tonnes in the world last year. International trade broke a record, with turnover of 1.115 billion tonnes.
Rio Grande do Sul-based company Tlantic, owned by Portugal’s Sonae group, develops programs for the retail industry. The technology is being used at points of sales in Saudi Arabia and Egypt.
The Brazilian public sector posted a US$ 1.3 billion surplus in June, down from the result of the same month in 2011. The sum did not suffice to cover interest on the debt.
Saudi Arabia and Lebanon are among the buyers of the products made by Bortoluzzi Pedras, from the city of Soledade, Brazil. The company exports amethyst, citrine, calcite, agate and crystals.
In the first half, there were 32 mergers and acquisitions in the business services sector, according to KPMG. Of those, 21 consisted of foreign-capital companies purchasing Brazilian ones.
Via Néctare wants to export fruit pulp to the region. The main targets of the company are Saudi Arabia, the United Arab Emirates and the Levant countries, such as Lebanon.
Projections by analysts are for the economy of Brazil to grow 1.9% this year. Next year the estimate has dropped from 4.1% to 4.05%.
At a meeting, representatives of the organisation are going to speak about business opportunities, the services offered, and the main demands for companies.
These companies answer to 16% of Brazilian exports to Arab countries, a higher rate than in sales to other regions. They know how to negotiate with the Arabs, says the Export Promotion Agency Apex.
The 11th Brazilian Agribusiness Congress takes place on August 6th, in São Paulo. The event should cover the part played by Brazil in the supply of food and energy worldwide. Enrolment is open.
