An index from Brazilian think tank Fundação Getulio Vargas and Germany’s Ifo institute slid between October 2016 to January 2017. The scenarios in Brazil, Mexico and Argentina played a part.
Revenue from Brazilian foreign sales to Arabs increased by 13.5% year-on-year in January. Shipped amounts and the prices of sugar and ore drove the increase.
A former chief economist with Brazilian bank Bradesco, he will go over the domestic and global scenarios in a breakfast for Chamber member companies next Wednesday (15).
Exports exceeded imports by nearly USD 1 billion in Brazil during the second week of February. Another surplus had been recorded in the first week of the month.
João Dória Júnior met with Arab investment funds to present his administration’s privatizations program. He is due to deliver a lecture at the World Government Summit in Dubai.
Expectations from financial market players regarding the Brazilian economy in 2017 have edged back from 0.49% to 0.48%.
Last year, over 100,000 outlets closed in Brazil, according to a survey conducted by the National Federation of Trade in Goods, Services and Tourism.
Apex-Brasil and the Brazilian Ministry of Foreign Affairs are arranging a trip to Morocco, Egypt and Algeria in April and companies can join in. Further details will be provided at the Arab Chamber on February 15.
Enrolments will open soon for a postgraduate course in Arabic language at the Federal University of Rio de Janeiro (UFRJ). Classes will run from March to December.
Voluntary workers are wanted in Rio de Janeiro. The organization needs Portuguese language teachers, course assistants and children’s recreation professionals.
A study by the National Supply Company (Conab) shows the Southeast’s Santos Port remains the primary outlet for soy and maize, but Northern ports like Itaqui, in Maranhão, are coming up.
Credit rating agency Standard & Poor’s has kept the country two grades below investment grade. This has been Brazil’s score since February 2016.
The Arab country bought 2.03 million tons of the commodity from other countries last year. Expenditure on sugar and its raw materials reached USD 871.7 million.
Exports picked up in January with revenue reaching USD 18.9 million. Higher product prices were a factor in stronger foreign trade numbers.
