The Brazilian president is attending a meeting with the country’s emir Tamim Bin Hamad Al-Thani. This is her first trip to an Arab country and her first foreign trip after being re-elected.
Exports from Brazil grossed US$ 4.219 billion last week and imports amounted to US$ 4.966 billion, resulting in a deficit of US$ 747 million.
A Brazilian mission headed by Agriculture minister Neri Geller has travelled to the Arab country and discussed a technical visit to Brazil, one of the final steps before Saudi Arabia returns to importing cattle meat.
The AKS Saeed Saudi Arabia group will build a sugar processing unit in the Arab country and expects one tonne of the product to be supplied from Brazil.
A team from São Paulo’s Colégio Bandeirantes school is entering a miniature race car design contest. The competition features contenders from 40 countries.
A group of diplomats and representatives of the Arab Chamber will be in the Northeastern Brazilian state on the 10th and 11th to speak with authorities and businessmen. The goal is to present business opportunities.
A delegation from Paraná state’s civil construction union Sinduscon and from the local Federation of Industries is travelling to the Arab country next week to visit an industry fair and construction sites.
The United States currency ended the week selling for 2.563 Brazilian reais, the highest value since April 20th, 2005. To date in 2014, the dollar has appreciated by 8.73%.
Brazilian sales to the region declined in volume and revenue year-to-date through October. Total coffee exports, however, have increased.
The summit which is comprised of the world’s leading economies will have on the agenda a global initiative to present projects to investors.
Sales to the region accounted for 19% of overall foreign sales from the Brazilian meat company in the 12-month period ended September, as against 15% in the preceding period. North Africa’s share dropped.
This month, eight enterprises will participate in the Big 5, in a stand organized by the Arab Chamber and the Brazilian Export and Investment Promotion Agency (Apex-Brasil), and are expecting to strike deals.
The region accounted for 4.7% of the company’s revenue from foreign markets in January through September. In the equivalent year-ago period, the region’s share was 3.7%.
A study from the National Motor Vehicle Manufacturers Association projects a 140% increase in number of automobiles compared with 2013. The calculations are based on a 3% annual GDP growth rate.
