A survey conducted by the Arab Brazilian Chamber of Commerce’s Market Intelligence Department shows that that price hike is partly prompted by an expected increase in the commodity’s prices in years to come. The Arab countries that could potentially buy more product include Bahrain, Iraq, Jordan, Lebanon, Palestine, and Sudan.
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A report issued this month has shown that production costs in information technology, gas for industrial purposes, electric energy, and utilities for the auto industry are lower than in six other countries.
A slowdown in foreign purchases made the gap between the Arab country’s imports and exports grow smaller in the first seven months of this year.
Food trade balance in the Arab country posted surplus in the first two months of 2020 due to drop in the value of some imports.
Trade balance deficit stood at USD 6.9 billion in 2019, a result of exports at USD 15.5 billion and imports of USD 22.5 billion.
Tunisian filmmaker Lofti Achour is in São Paulo to promote his first feature film ‘Burning Hope’ and participate in a debate at the Arab World Film Festival at Centro Cultural Banco do Brasil.
Runoff vote was held last Sunday, and the result was announced today. Saïd is a conservative 61-years-old. He won against mogul Nabil Karoui, who is 56.
The country exported 3.5% less over the first five months this year. Imports dropped by 3.1% in the same period.
Universities of Cartago and Manouba signs agreement with Brazilian university for people and knowledge interchange.
The first two months of the year saw a USD 810 deficit, up 11% from a year ago. Both exports and imports picked up.
The financial institution governor estimates that the price increase will be between 6.8-6.9% by the end of the year, after the raise in the interest rate this Tuesday (19).
Year-to-date through September, the country saw a USD 5 billion deficit, up 23% from a year ago.
The country shipped USD 8.43 billion worth of goods abroad from January to July and purchased the equivalent of USD 12 billion.
The country will join the Common Market for Eastern and Southern Africa (COMESA) this Wednesday.
