Online purchases grew by about 19% annually in the Arab country, according to a report by EZDubai Logistics Hub and Euromonitor International. Apparel and footwear was the sector with the highest volume.
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Brazilian meatpacker JBS said its Seara brand generated USD 500 million in revenue in the Middle East last year, as the company participated in the Saudi Food Show in Saudi Arabia earlier this week. The company operates factories and is making significant investments in the country.
At a ministerial meeting in New York, representatives of the two countries and Spain stressed the importance of the U.N. Palestinian refugee agency.
During a United Nations discussion on the issue, Assistant Foreign Minister Sadiq Marafi called for stronger international solidarity in addressing the challenges posed by rising sea levels.
The Brazilian technology consultancy is likely to enter Saudi Arabia, while the United Arab Emirates is also in the company’s sights.
Statistics body Conab projects national coffee production at 67.6 million bags, up 19.6% from last year and the highest level in the historical series.
OECD projects 2.9% growth for the global economy this year. The organization says countries weathered the energy supply shock from the Middle East conflict better than expected.
The two Arab countries have officially launched their bids for a non-permanent seat on the United Nations Security Council.
Country inaugurates gas processing unit for use at the Bismayah thermal power plant. The facility will produce 30 million cubic feet per day.
In his opening address to the United Nations General Assembly, the Brazilian president also said settlements in the West Bank reduce the prospects for a two-state solution.
IMF says the North African country has responded swiftly to economic challenges posed by regional turmoil.
Imports, however, are declining, mainly due to lower purchases of nitrogen fertilizers and refined petroleum.
Saudi company CEER, established by the kingdom’s sovereign wealth fund, has launched sedan and SUV versions under the Exobot brand. The new models are part of a broader lineup of vehicles to be launched over the next five years.
According to UNCTAD, 61 net importers of energy and cereals are severely affected by disruptions to shipping through the Strait of Hormuz amid the war in the Middle East.
