Negative current balance stood at USD 2.1 billion in November and USD 45 billion year-to-date. But foreign direct investment made up for it.
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The process includes four units with ‘binding’ status, where investors can look into the risks involved in the deals and make their bids.
The 18th Arab Businessmen and Investors Conference is taking place from November 11 to 13 in Manama.
A September survey from the Brazilian Micro and Small Business Support Service (Sebrae) shows that owners of micro and small enterprises are planning to make investments.
The upcoming edition of the conference on foreign direct investment is slated for March 2020 in Dubai. The southern Brazilian state is planning to present proposals worth as much as USD 85 million between them.
Brazil’s president is slated to travel to the UAE, Qatar and Saudi Arabia from October 25 to 31. The Ministry of Foreign Affairs said the trip is intended to publicize investment opportunities in Brazil and foster exports.
A delegation from the northern Brazilian state visited the Arab Brazilian Chamber of Commerce’s international office in Dubai. Business owners are looking to carve out a market for themselves in the emirate.
FDI inflows in Brazil slid in both August and year-to-date, but it’s still enough to finance the current account deficit.
Brazilian state-owned company will focus its efforts in gas and oil exploration and production, said the company’s president Roberto Castello Branco.
Loans made by Brazil’s state-run BNDES amounted to USD 25 billion in H1. Consultations and approvals declined even more.
In his first time visiting the Arab Chamber, Wellington Dias discussed potential partnerships in clean energy, infrastructure and education. He and the organization also agreed to undertake joint efforts.
