The amount will be used by the company in wind projects until 2020 to increase wind energy generation in one thousand megawatts.
The month saw 463,100 tons worth of chicken shipped from Brazil. The resumption of sales in the wake of a trucker strike and normalization of statistics from the Ministry of Industry, Foreign Trade and Services led to the record-breaking result.
The Brazilian company based in Joinville, Santa Catarina has been selling to the Arab country for two years. Now, it is looking to step up its foreign sales.
Brazil’s benchmark rate has been kept at 6.5% per annum for the third straight time, in a decision made this Wednesday by the Monetary Policy Committee.
Last month, 306,700 units were sold in the country. Year-to-date, sales have reached almost 2 million.
Brazil’s foreign purchases were up 42.7% year-on-year in July, whereas foreign sales increased by 16.4%. As a result, the country’s trade surplus grew 32.7% narrower.
The Arab Chamber held a workshop to present the existing opportunities to Brazilian companies in the Arab countries’ construction sector. Growing economies and diversification are attractive features.
Results improved over May in Brazil, although this was partly imputed to the fact that shipping was held back by the trucker strike.
The Brazilian egg producer is ranked 12th worldwide and has been exporting to four countries for twelve years, including the United Arab Emirates, which buys 75% of the company’s total exports.
Despite the appreciation of the last few days, the North American currency dropped in price in the month.
Brazilian industries of capital goods exported USD 4.76 billion worth of products from January to June.
Hotels in the emirate welcomed over 2.41 million visitors from January to June. An annual record is expected for the second straight year.
The Brazilian planemaker posted a net loss of BRL 467 million (USD 126.5 million) in this year’s second quarter.
The emirate’s stock exchange will offer futures market shares for major Saudi Arabian corporation starting in September.
