After a visit to the country and discussions with Kuwaiti authorities, the International Monetary Fund says the economy is projected to contract by 1.4% in 2024.
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Processes that are now conducted via Siscomex LI/DI system will be carried out via the Foreign Trade Single Window starting October. Migration will be gradual, and the old tool will only be fully deactivated in late 2025.
Brazilian manufacturer celebrated the delivery of the 1,800th E-Jet production aircraft. The jet was received by lessor Azorra and will be operated by the Royal Jordanian Airlines.
Humanitarian situation in the Arab country remains difficult with over half of the population facing food insecurity, and a contracted economic activity caused by the halt in oil exports.
Rating agency Moody’s maintained the Ba2 credit rate but revised the outlook to positive, meaning it could be raised in the future.
Abicalçados projects a decline in Brazilian footwear exports this year. China has returned to the market with full strength since the pandemic and increased its sales to Arab, Latin American and African countries.
Reported investments to the Tunisian Investment Authority were up in the first quarter of 2024, compared with the same period in 2023.
Halal do Brasil project held a seminar in the state to present opportunities in Muslim countries to local producers.
BRAEXP export platform of ApexBrasil has penned a partnership with Banco do Brasil, which now offers services like export financing and foreign exchange operations on the interface.
GDP registered an annual 2.8% decrease thanks to a drop in oil activities.
National Treasury of Brazil was awarded by the Latin American Bond Awards for last November’s issuance of sustainable bonds that raised USD 2 billion.
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.
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.
