The Brazilian president will meet with the Saudi crown prince. Ministers accompanying him on the trip met with Saudi authorities and discussed energy, infrastructure, and food security investments.
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The institution expects a 3.6% growth in 2024 and 3.7% in 2025. For this year, the projection is at 1%.
The Ministry of Development, Industry, Commerce, and Services of Brazil has an open public consultation until December 18 to receive the opinions of the Brazilian productive sector and list interests, concerns, and opportunities in trade with the United Arab Emirates.
The IMF mission anticipates normalization of growth one year after the strong performance resulting from the World Cup and estimates that the country’s economy could grow by 5%.
The country joined an agreement on trade civil aircraft. The move ensures the Brazilian participation in international decisions in the industry.
Ahmed Hachani said at a plenary session that reforms implemented by the government can help the country grow. The government aims to integrate the informal economy into the banking circuit.
The oil production cuts are expected to make the Gulf country grow less this year compared to 2022. Still, GDP is projected to increase by 1.3%. Inflation has receded, and reforms favor economic recovery.
Besides foreign currency earnings, the benefits of operating overseas include gaining brand awareness, and learning and adapting to global market trends. Challenges, on the other hand, are planning, getting a skilled staff, and complying with rules and regulations of each country, as well as costs.
The Brazilian footwear industry shipped 102 million pairs abroad year to date through October. The recorded drop reflects the global slowdown and Chinese competition, said the sector association.
The fund and local authorities agreed to a USD 1.2 billion loan. The country is expected to grow 2.6% this year.
Saudi Arabia’s Public Investment Fund has raised its stake in the UK luxury carmaker to 20.5% from 17.9%.
The Export director of Minerva Foods, Murilo Corral (pictured below), pens an article on the increasing global consumption of halal protein and the company’s strategy to meet this demand.
The recruitment roadshows for wide-body aircraft captains and first officers will be held in São Paulo on Wednesday (8) and Thursday (9).
In a panel at the Brazil Africa Forum, experts said there is a growing demand for halal-certified products in the continent. Africa has 30 Muslim-majority countries.
