Results are better than in September 2023 due to the recovery of various sectors of the economy. Tourism revenues are increasing, but prices in the country still need to fall.
Author: From the Newsroom
Saudi Arabia has opened its market for Brazilian cotton, including raw cotton, cottonseed, and cotton waste. Brazil has become the largest exporter of cotton in the world this year.
The UAE Global Business Forum takes place on Friday (25) in São Paulo to connect entrepreneurs from Brazil and the United Arab Emirates. The UAE’s minister of foreign trade, Thani Bin Ahmed Al Zeyoudi, participates.
The Brazilian government announced that Saudi Arabia has authorized exports of these two new products from the national agribusiness, in the wake of two other market openings this year.
The foreign ministers of Brazil, Mauro Vieira, and Egypt, Badr Abdelatty, met in Russia to discuss the G20 event that will take place in Brazil in November, as well as the conflict in the Middle East.
The government of the North African country has removed the VAT on the import of up to 20,000 tonnes of beef, sheep, goat, and camel meat.
The street race distributed prizes ranging from approximately USD 90 to USD 900, along with airline tickets to Dubai. The event raised awareness about water usage.
GDP growth is lower than that recorded in 2023 due to the slowdown in the extractive sector. In a meeting with local authorities, the fund released new disbursements to the country.
Saudi-led Middle East Green Initiative expanded as 11 new members signed up, including Algeria and Lebanon, as well as the United Kingdom as an observer. The goal is to cooperate regionally in combating climate change.
The Emirates Arab Run will take place on Sunday (20) on the streets of the Brazilian capital and aims to raise awareness about the importance of water on planet Earth.
Algeria has joined the list of the top 20 importers of Brazilian beef, at 34,200 tonnes from January to September. The UAE also increased their purchases, contributing to the rise in exports.
A World Bank analysis points out that the 26 poorest nations in the world are deeper in debt than at any time since 2006 and have struggled to attract low-cost financing.
The Arab country saw just shy of 5 million foreign travelers year-to-date through September, the Ministry of Tourism and Antiquities reported, including 3,500 Brazilians.
The Arab country’s GDP may slow down in 2024, the same as it did in 2023, but an expected reversal of oil production cuts paves the way for 2.8% growth next year, the IMF said.
