Consumer price for a kilo of sugar has exceeded USD 1.78 in the Egyptian market. Industries suffer from its lack of supply, and the government could act to curb the prices.
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At a meeting in Riyadh, the president of Brazil and the crown prince of Saudi Arabia discussed strengthening relations between their countries. The Arab nation’s sovereign wealth fund is expected to invest USD 9 billion in the Brazilian market over the next seven years. The presence of Brazilian companies in Saudi Arabia was also one of the topics.
Supermarkets of the chain held a promotion campaign of the Date Crown dates in November. The product was the bestseller in the Fruit & Vegetable section.
The Saudi crown prince and prime minister welcomed the Brazilian president and his delegation at the royal palace this Tuesday evening (28). Ministers of Energy of Brazil and Saudi Arabia signed an agreement.
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.
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.
