Decision from Cairo to open fish and seafood market brings new business opportunities for the industry due to the local demand. The Arab country could reexport them to its African and Middle Eastern partners.
Browsing: Economy
According to the Fund, the North African country is expected to close the year with 9.2% inflation, pressured mainly by food prices.
The institutions announced a USD 4.5 billion debt relief for the North African country in a joint statement. The IMF approved another disbursement of USD 9.3 million and is considering a three-year credit arrangement worth USD 100 million.
A Mission organized by LIDE and the Arab-Brazilian Chamber will bring Brazilian and Saudi companies together to promote business and investments.
Data released by the National Institute of Statistics revealed a 5.28 billion deficit year to date through November. The result represents a drop compared to the last year’s numbers.
Ricardo Alban, president of the Brazilian Confederation of Industry, spoke about the challenges of what he called “the neo-industrialization of Brazil.” An event held by the CNI in Dubai brought together politicians, authorities, and businesspeople. The Arab-Brazilian Chamber signed a MoU with the entity aimed at positive agendas for COP30 in Belém.
Data from government statistics agency IBGE showed that from July to September services and industry grew by 0.6% each, while the agricultural sector contracted by 3.3% from the second quarter.
Carlo Pereira and a group of Brazilian businesspeople visited the headquarters of the Beeah Group in the emirate of Sharjah (5). The Arab group works in various industries combining sustainability and digitalization.
Financial institutions in the Arab country committed to mobilizing AED 1 trillion to sustainable projects by 2030. The announcement was made on COP28 Finance Day in Dubai.
In a meeting with civil society members, Lula said that the country will enter the oil cartel OPEC+, and that ending some fossil fuels is a desire but a struggle, too.
ProGrass applies in Brazil’s sports venues a synthetic turf made out of yarns from the UAE. The service has been delivered to Porto Alegre’s Internacional and São Paulo’s Palmeiras Football Academy.
The recruitment days will occur on December 16 and 17. To participate, candidates must pre-register online and send a curriculum vitae and photo.
In his speech at the opening of COP28 in Dubai, the president of Brazil criticized richer countries that did not comply with the Paris Agreement and compared the amounts spent on weapons with the amount that could be allocated to the climate change loss and damage fund.
The Brazilian president stressed his interest in strengthening relations with the Arab country during forum in Doha, which had the Arab-Brazilian Chamber as one of its organizers. Lula praised the role of Qatar in mediating the Israel-Palestine conflict.
