Eight months ago, businessman Izzeddin K. Wadi opened service company Irem to simplify cultural and commercial exchange between the Iraqi region and other countries. He wants Brazilian partnerships.
Brazil has increased the IOF tax on foreign capital turned to fixed income investment in the country. The decision aims at containing depreciation of the dollar. Machinery importers approve.
The prime minister of the Iraqi region, Barham Saleh, expressed interest in bringing bus and bus body makers into Kurdistan. He met with Brazilian ambassador Bernardo de Azevedo Brito in Erbil.
The BR-163 in southern Pará and northern Mato Grosso is even worse than the Trans-Amazonian. Scenes from the past reach the present, with cattle driven by cowboys over hundreds of kilometres.
Two years ago, some 35 new sugar and ethanol mills were opened in Brazil each year. In 2010, the figure should drop to 12, according to Datagro. The sector, however, is still attractive to foreigners.
President Luiz Inácio Lula da Silva said today (18) that Petrobras investment will make Brazil into an exporter not just of oil, but of oil products.
Hospital equipment by Fanem, exhibited at Kurdistan Fair, attracted visitors. The company representative in Iraq, Mohammed Gaeed, has already sold over 700 incubators in 7 years.
Exports totalled US$ 3.018 billion and imports, US$ 3.283 billion. Average surplus per working day was US$ 71.7 million from January 1st until October 17th, 36.9% less than in the same period of 2009.
The previous forecast was 1.75 real to one dollar by December 2010. For late 2011, the forecast remains at 1.80 real to one dollar.
At the opening of Kurdistan Fair, the minister of Industry of Iraq, Fawzi Hariri, said the event is one of the most important for the country’s economy. The fair began today, in Erbil.
While parties in favour of and against construction of Belo Monte dam discuss its social impacts, one thing is for sure: the beautiful landscape of Volta Grande on Xingu will never be the same again.
Over the last two years, the number of exhibitors at the multi-sectorial fair in Iraq has more than doubled, rising from 351 in 2007 to 772 in 2009. This year has already seen growth of 20%.
The Brazilian Export and Investment Promotion Agency was named best commercial promotion agency in developing countries by the International Trade Centre (ITC). The prize was awarded in Mexico City.
Named after former president Emílio Garrastazu Médici, the establishment is a relic from the days of the Trans-Amazonian’s construction. Though decadent, it is the best in Pará state’s Rurópolis city.
