The latest report on global prospects published by the International Monetary Fund says that inflation is slowing but its risks remain. Brazil is projected to grow by 2.2 percent.
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According to a World Bank report published on Monday (15), MENA economies are expected to post a lackluster growth in 2024. Oil importing countries face rising indebtedness.
Brazil doubled sugar sales to the Arab market in Q1 and stepped up iron ore exports by 43%, driving up the revenue. Imports of Arab products declined.
The country is both a destination and a source of migrant workers. Heavy losses in skilled labor could hamper development over the long haul.
National economic growth should reach 2.7% in the second quarter of 2024, in annual variation, according to the High Commission for Planning (HCP).
Bahia state native Junior Andrade is drawing up a luxury car showroom in Doha and a palace in Saudi Arabia.
Petroleum and gas production came out to 4.383 million barrels of oil equivalent per day in the country, up 5.7% from February 2023.
Abu Dhabi-headquartered defense firm EDGE Group has investments in the Latin American country as well as partnerships with its government’s agencies.
Overall exports from the country saw a growth rate of 1.2% in January compared to a year ago, the Department of Statistics said.
Revenue from the industry in February also posted a decline compared to the same period a year earlier, ABIMAQ reported. Benchmark interest rate is still high, the industry says.
Brazilian halal certifier was accredited to certify product’s compliance with the rules of Malaysian market.
An investment of USD 500 million was committed towards a terminal for grains and fertilizers. Construction is expected to span 30 months, pending government approvals.
The Arab country’s export revenues from the product reached USD 78 million in February, the Ministry of Industry, Energy and Mines announced. Price of olive oil has risen.
Brazilian cosmetic, toiletry and perfumery industries grossed USD 133.5 million from exports in the first two months of the year. Hair products, soaps, and skin creams were the best-selling items.
