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.
Browsing: Economy
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.
Country inaugurates gas processing unit for use at the Bismayah thermal power plant. The facility will produce 30 million cubic feet per day.
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.
Speaking at the IAEA conference, Saudi minister discusses the country’s diversification of energy sources and the discovery of 114 million tons of ore containing concentrations of rare earth elements and uranium in the Madinah Region.
Commodity prices jumped on Monday (14), as the conflict in the Middle East affected transportation and distribution channels.
The tender calls for the purchase of turbine parts for a gas-fired system used to generate electricity. Bids must be submitted by September 24.
Brazilian company controlled by a United Arab Emirates-based group partners with French firm to collaborate in areas such as rocket propulsion, sensors and navigation systems.
In an interview with ANBA, Egyptian scholar Sara El-Gazzar discussed the emerging reality of international freight transport, in which adaptability is becoming as important as cost and transit time.
The market opening was announced Tuesday (1) by Brazil’s Ministries of Agriculture and Livestock and Foreign Affairs.
Brazil’s economy grew 0.5% from April to June compared with the previous quarter and 2% year on year. Agriculture led growth.
