The United States and Iran said they had reached an agreement to halt hostilities and reopen the Strait of Hormuz. Markets reacted positively to the announcement.
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The institution says economic activity in the Middle East and North Africa will be affected by regional conflict. Growth is expected to slow from the 4% projected for 2025.
Data from Brazil’s Ministry of Development, Industry, Trade and Services show a 0.7% increase in exports and a 21.5% decline in imports compared to the same period in 2025.
A survey by Visa highlights the growing use of artificial intelligence in purchases made by consumers in the UAE. Among respondents, 93% said the technology makes shopping faster and easier.
Ali Mohamed Al Marzooqi, chairman of the Emirates Franchise Association, said a growing number of franchise brands are choosing the country for expansion and outlined efforts to help Emirati brands enter global markets.
According to industry group ABPA, exports surpassed USD 1 billion in a single month for the first time in May. Sales to Saudi Arabia and the UAE increased compared to May 2025, when Brazil was facing an avian influenza crisis.
Projects from small and medium-sized enterprises, schools, and nonprofit organizations may compete in six categories. At a reception, the UAE consul general in São Paulo said Brazil has strong potential to stand out in the competition.
Natura is developing products that combine consumer trends with ingredients from Brazil’s biodiversity. One of its most recent launches was developed in Dubai.
The Abu Dhabi-based company is investing USD 835 million to acquire the Brazilian firm that owns two sugar and grain export terminals at the Ports of Santos and Itaqui.
Revenue from olive oil exports rose 49.2% in value during the first six months of the 2025/2026 harvest season, reaching the equivalent of USD 1.2 billion, according to the National Observatory of Agriculture.
An International Monetary Fund mission concluded that the country is managing the challenges posed by the international environment but needs to put its debt on a downward trajectory.
At an African Development Bank meeting, Mauritania’s Minister of Economy and Finance, Abdallahi Ould Mohameden, said the country has been making efforts to attract private investment.
The expansion refers to the first three months of 2026. Compared to the same period a year earlier, the economy grew 1.8%, according to the government statistics agency.
Sales from the Arab country, concentrated in fertilizers, grew more than 500% between January and April. Exports ended the period down 8%.
