The country’s purchases generated revenues of US$ 1.57 billion in the year through July. The main reason was growth in shipments of oil and oil products.
Abiec warns that in July alone shipments totalled 132,400 tonnes, the greatest monthly volume in almost five years. Egypt was the 6th main buyer and Algeria the 10th.
Assets in the countries’ sovereign funds in the region exceeded US$ 1.6 trillion. Saudi Arabia led the ranking, with US$ 641 billion.
The 737-800 jet will be used on regional flights and this is the first of an order of 39 aircraft placed to the North American producer.
Eliane Elias should play at Baalbeck International Festival, on August 23rd. This is the first time she has a show in that country. The event should include Arabic music, rock and contemporary dance.
Export volume and export revenues were up from January through July. To the Cecafé CEO Guilherme Braga, the region is importing more product directly from Brazil, and less from intermediaries.
Up until the 11th this month, exports exceeded imports by US$ 593 million. Shipments were down 0.5% from the same period in 2012 and imports were up 6%.
Construction of the railway connecting São Paulo and Rio de Janeiro will no longer be auctioned this week. The tender auction will be pushed back at least a year, said the Brazilian minister of Transports.
The Global Islamic Economy Summit, held in partnership with Thomson Reuters, will take place on November 25 and 26. The event will focus on financial services, halal market and small businesses.
Quarter two net income stood at US$ 2.7 billion according to information released by the oil company. The decline from quarter one was mostly due to exchange rate-related depreciation.
Eduardo Giannetti da Fonseca should talk about the current scenery of the Brazilian economy and about perspectives for coming years. The event should take place on August 20, in São Paulo.
Brazilian factory Schioppa has already shipped small volumes to Lebanon and Morocco and aims to export to the Emirates. The company has participated in Arab Health, in Dubai, since 2008.
The international version of the Brazilian program has undergone modifications by request of benefited countries. The government offers special financing lines for agricultural machinery exports.
The Ministry of Agriculture of Brazil has increased its forecast for this year to US$ 120 billion, 11% more than in 2012.
