By promoting the Gamer8 festival, Saudi Arabia shows its quest to become a gaming development hub and the ground this sector is gaining among its population.
Browsing: Economy
The entry of six nations, including the Arab countries United Arab Emirates, Saudi Arabia, and Egypt, is expected to increase trade and generate more investment. Expanding diplomatic contacts could help resolve shared challenges.
The Gafsa Phosphate Company will receive new equipment to increase fertilizer extraction capacity in September.
The Brazilian sovereign bonds could be issued abroad linked to commitments to the environment. The issue is expected to occur still in 2023’s second half.
The Foreign minister of South Africa, Naledi Pandor, said countries in the bloc agreed to accept new members. The group approved a document with guidelines, but names of countries were not disclosed.
The Brazilian government raised the import tariff from 3.8% to 10.8% for 24 months to stimulate the local industry.
The Brazilian food company released its results for the second quarter. It informed it had a 50% market share in the export of halal poultry to the countries of the Gulf Cooperation Council.
Brazilian food and beverage companies can now apply to get their first halal certification via the Halal Brazil project that grants an aid of 50% of the costs.
According to the minister of investment of Saudi Arabia, Khalid Al-Falih, his country is interested in investing in Brazil’s food, financial, automotive, transport & logistics, infrastructure, ecotourism, and entertainment sectors. He spoke at the Brazil-Saudi Arabia Investment Forum.
The Saudi Investment minister and a delegation of around 100 people are in São Paulo this Monday (31). They expect to visit six other Latin American countries in the forthcoming days.
The Egyptian government decided to enforce a mandatory work-from-home day, import additional shipments of diesel and rationalize public lighting among other measures to address the country’s power cuts while sparing the manufacturing sector.
The mineral used to manufacture products such as batteries for electric vehicles was extracted in Minas Gerais and sent to the Chinese company Yahua. The vice president of Brazil accompanied the sending.
The Tunisian food trade balance deficit narrowed at the end of June. Export prices were up for olive oil and dates, while import prices were down for wheat and maize.
Brasília-based Marcelo Lucas Advocacia specializes in advising trade and investment relationships between Brazil and the Arab countries to prevent issues and losses.
