The vice president of Brazil and minister of Development, Industry, Commerce, and Services, Geraldo Alckmin, participated in the launch of the Export Qualification Program (PEIEX) Center in Ribeirão Preto, São Paulo, which aims to qualify 175 companies in the region, 60% of which are micro and small businesses.
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An International Monetary Fund mission warned that geopolitical tensions and environmental challenges could affect the country’s growth.
The country has approved amendments allowing for companies whose foreign investors’ share is over 49% to be registered in the importers’ record. The measure aims to facilitate foreign investment.
The biggest annual supermarket sector show in Latin America brings together more international companies with each edition, including Arab ones.
The Arab country demonstrates sound domestic economic activity. Non-oil revenue is expected to grow by over 4% this year, driven by tourism, construction, and real estate. Fiscal and external surpluses remain high on the back of high oil prices.
The Egyptian government announced a six-month exemption of import tariffs on products such as poultry, dairy, offal, teas and oils. The measure aims to help the country offer lower prices to its population and could boost Brazilian exports.
A study published last week by ApexBrasil assesses the potential of the Moroccan market for Brazilian lobsters and poultry genetics. Brazil’s agricultural attaché to Rabat, Ellen Laurindo, said these are products that aren’t yet exported to the country.
Years of conflict, economic problems aggravated by Western sanctions, and global warming are affecting the working conditions of beekeepers in Syria.
Banks estimate that the Brazilian economy will grow by 2.92% in 2023. This is the fifth week in a row of upward revisions.
The company, one of the biggest ethanol producers in Brazil, completed its judicial recovery process. The company will receive USD 102.86 million from Mubadala.
As Egypt enters BRICS, the country’s commercial consul to São Paulo, Nashwa Bakr, gave Egyptian businesspeople information on the Brazilian economy and investment opportunities.
A report from the International Monetary Fund points out that the Arab country keeps facing enormous economic challenges, with a collapsed banking sector, inflation in triple digits, and worsening poverty.
In a meeting in Bahrain this week, the Union of Arab Chambers board drafted a declaration aimed at the private sector that lists the priorities for the region’s development. Food security, logistics and digital payments are some of the topics.
Arab-Brazilian secretary-general Tamer Mansour wrote an article on the Brazil-Arab League trade. Exports have gone up despite the price decline in several goods, thus forging a landscape that is very similar to what had been seen before the pandemic.
