The company signed an agreement for land reservation with the Royal Commission for Jubail and Yanbu. The project aims to establish a mega hub in the industrial city of Ras Al Khair.
Browsing: Economy
Estimates from the National Bank of Kuwait indicate expansion of the country’s non-oil GDP.
In the full year tally for last year, the United Arab Emirates was the primary Arab destination of Brazilian shoes, followed by Libya and Lebanon. Iraq and Qatar were the only countries to increase their purchases.
Price increases slowed down in the final months of the year, according to data from the National Institute of Statistics.
The real estate market in the emirate saw 180,900 transactions in 2024, a historic number that generated USD 142.1 billion. The luxury market and strong demand for rentals are highlights.
The unemployment rate decreased to 6.1% at the end of November, the lowest percentage in the historical series of the survey. This means that 510,000 people left unemployment in the country.
The trade balance was boosted by a similar percentage increase in exports from both countries. Kuwait supplies mainly oil to the Brazilian market. Brazil exports chicken meat.
The Souk Nachar emporium offers a variety of Arab products in the city of Tatuí and surrounding areas. The business was inspired by the habit of the couple Priscilla Mariana and Alfredo Saab of consuming Arab food.
The Brazilian government has allowed companies to receive interest rate equalization for export credit before shipping goods, rather than only after dispatch or invoicing.
Finance Minister Laaziz Faid announced that starting next year, all public banks will be able to offer credit to the local agribusiness sector. The measure aims to boost productivity.
The International Monetary Fund praises the country’s economic policy management and economic resilience but warns about regional instabilities and climate challenges.
Dubai-based logistics company, which has a terminal at the Port of Santos, announced the decision to open six new cargo-focused offices in Brazilian cities by 2026.
SINM, a mining company from the Arab country, had a loan of USD 150 million approved by the African Development Bank, which will help it expand the logistics of iron ore transportation.
Domestic production grew from January to November and is expected to reach 33.7 million tonnes by the end of 2024. Imports also increased over the period, but exports fell.
