Brazilian economic growth in 2011 has been raised from 2.7% to 3.9%. The new calculation incorporates changes suggested by multilateral institutions.
A poll from Fundação Getulio Vargas shows 27% of industrialists plan on increasing investments. They are, however, outnumbered by those with a negative outlook.
A São Paulo-based maker of cheque and barcode readers has shipped product to the Arab country until 2011 and plans on taking advantage of the high dollar price to resume selling to the region.
Sales to Saudi Arabia went up 11.8% last month. The United Arab Emirates bought 20.7% more than the same period of 2014.
Representatives of the Sudanese government visited the Arab Chamber this Tuesday (10th). They met with Brazilian businessmen to present an outlook of the country’s agricultural scenario and introduce opportunities for partnerships.
The sector grossed US$ 4.9 billion from foreign sales last year. The Brazilian Ministry of Agriculture ascribes the performance to dropping commodities prices and slower soybean sales.
Harvest forecast has been reduced in the sixth survey of the 2014/2015 cycle due to scarce rainfall. The Brazilian Institute of Geography and Statistics (IBGE) has also revised down its projections.
Exports to the region declined 19% in volume in the first two months, despite having grown in revenues. Data from CeCafé indicates that decreased sales came from countries facing conflicts.
Sales fetched US$ 52 million in February and the Arab country was the fourth leading destination for the product. Total exports, however, were down 30% year-on-year in February.
The United States currency was up 2.4%, for the sixth straight day. One of the reasons was uncertainty surrounding the Brazilian economy.
In the first week of the month, the balance results stood negative in US$ 50 million. Imports and exports are still dropping in comparison to 2014.
The aircraft took off from the capital of the UAE this Monday for the fuel-less trip. The first stopover will be in Oman at the end of the day and the whole journey will take around five months.
The agribusiness fair in Brazil’s Rio Grande do Sul state will receive people from 70 countries, among them Tunisia, Morocco, Egypt, Mauritania, Algeria, Sudan and Iraq.
Lebanese Tufic Nabak moved to Brazil as a teenager and made his career as a dancer and teacher of dabke, the joyous Arab folk dance. He currently teaches the cast of the TV mini-series Dois Irmãos (The Brothers), at Rede Globo.
