The Brazilian Central Bank has maintained its growth projection for credit operations in the country. As of August, consumers and corporations had R$ 3.13 trillion (US$ 780.2 billion) in loans taken out.
This Wednesday, businesswoman Julia de Biase opened Al Zahra, store dedicated exclusively to selling fragrances from the Middle East. Perfumes might cost as much as R$ 4,000 (US$ 964).
The company, which sells wood products, has grown 35% in the Arab market in 2015 and plans to expand even more until the year’s end. The most sold product is wood for pallets used in the oil industry.
Funding deficit and Israel’s blockade are some of the reasons that impact the development of the occupied territories.
The estimate for 2015 has been revised from US$ 81 billion to US$ 65 billion. The institution says foreign direct investment will be enough to finance the negative result in international transactions.
The Brazilian state-owned oil company reported that negotiations with Mitsui are in their final stages concerning the latter’s acquisition of a stake in the former’s gas industry subsidiary.
Brazilians spent US$ 1.2 billion in visits to other countries in August, according to data from the Brazilian Central Bank. It’s a decline of 46.2% over the same month of 2014.
S’ollér Brasil exports its products to nine countries in the Middle East and North Africa. The São Paulo-based company keeps a representative in Saudi Arabia and also its own store in Bahrain.
National Committee for Refugees (Conare) approved the extension of special regime for two more years. More than two thousand Syrians received asylum from Brazil.
According to the United Nations undersecretary general, nations in the region are overwhelmed by refugee influx and require more financial aid.
Foreign trade registered a positive balance year-to-date until last week. Analyzed individually, there was also a surplus in the month and last week, despite the fall of exports.
The Brazilian economy slowed down month-on-month from June. In June from May, activity had declined by 0.73%, as per a Central Bank index that tracks the evolution of the economy.
Twelve Brazilian companies will be at the Sweets and Snacks Middle East expo, slated for October in the UAE. Biscuit manufacturers are attending the event for the first time.
NGO will hold a charity bazaar on September 26th in the city of São Paulo. The meeting will have sale of goods and presentation of music, dance and other activities. The goal is to raise money for refugees studying Portuguese.
