The commodity’s prices have declined due to a lower demand from China. Brazil’s trade balance could be impacted, and Arabs could import more.
Browsing: Economy
Brazilian footwear exports plunged 31.3% in volume and 22.8% in revenue in January and February. Competition with China and the economic situation in second leading buyer Argentina drove down the results.
The government indicated that the transfer to the sovereign wealth fund aims to boost the national economy by diversifying its resources and creating more investment opportunities.
Goiás’ governor held a dinner for the delegation of diplomats at the official seat of the state government and told ANBA that the state and Arab countries could expand trade. The region is already a major buyer from Goiás.
After Egypt Central Bank hiked interest rates, IMF released additional loan to the country. Pound was trading at a record low and prices rose.
Saudi Arabia’s private firms employed 11.1 million in February, up 0.9% from the previous month, according to newly released figures.
Speaking at a Lide conference in Riyadh, an executive from the Brazilian aircraft manufacturer talked about his company’s plans for the Arab country, including the possibility of establishing a local operation and selling C-390 Millennium aircraft.
All sectors of the economy grew last year, particularly agriculture, which posted a 15.1% expansion from 2022.
During event in São Paulo, Egypt’s Minister of Finance called for efforts in social protection, while UAE’s Minister of State for Financial Affairs spoke of financial inclusion. Brazil’s Fernando Haddad wants more international cooperation so that the rich “contribute their fair share in taxes.”
The resurgence of tourism and the hosting of conferences towards the end of the year bolstered the growth. Passenger traffic is projected to reach 140 million by 2024.
Director-General Ngozi Okonjo-Iweala said the two countries put in a “hard work” and implemented beneficial but challenging reforms.
In an interview with Emirates News Agency on the occasion of the WTO ministerial meeting that started on Monday (26) in Abu Dhabi, and referring to multilateral fora, the Minister of Foreign Trade of the United Arab Emirates said he hopes Brazil will play a significant role in agriculture.
A day ahead of the WTO Ministerial Conference in Abu Dhabi, a group of nations inked an agreement simplifying foreign investment. Ten Arab countries signed.
In a meeting held in Tunis, World Bank Vice President for the Middle East and North Africa Region Ferid Belhaj and Governor of the Central Bank of Tunisia Fethi Zouhair Nouri talked about the economic situation in the country and the importance of reforms for its growth.
