Fund aims to raise money for Syria’s economic recovery and reconstruction.
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Brazilian representatives and companies and investment agencies took part in a discussion on the potential for Sharjah to become a trade partner.
The International Monetary Fund (IMF) forecasts a 0.3% contraction in the region’s economy, primarily due to the closure of the Strait of Hormuz, but projects growth of 6.3% next year.
The air cargo carrier doubled its weekly frequencies to meet growing demand. Additional flights were added across its South American network.
Both exports and imports increased in the January-September period. Brazil’s trade surplus with Arab countries fell 0.4% from the same period in 2025.
Transactions valued at up to USD 20 million accounted for 60% of total mergers and acquisitions deals in Brazil in the first half. Investments in artificial intelligence and digitalization helped drive activity.
Recruitment events for crew will be held in October and November. Applicants must register online in advance.
Brazil’s trade surplus reached USD 7.74 billion in September, with stronger exports helping drive the increase. Exports to the European Union rose 60%.
World Bank projects a 2.1% contraction in output across the Middle East, North Africa, Afghanistan and Pakistan (MENAAP). The institution says the impact is greater on oil-exporting Gulf countries affected by the closure of the Strait of Hormuz.
The North African country’s economy is expected to grow 2.3% this year and 2.7% in 2027. The International Monetary Fund says reforms and external assistance are essential.
Bids to operate the Commercial Bank of Syria’s system must be submitted by Nov. 1.
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.
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.
