Golf Cooperation Council’s equity markets recorded a positive performance last month, led by the UAE and Saudi Arabia.
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This Monday (3), the Brazilian Central Bank released the financial market’s new growth estimate for the country’s GDP, 2.19% for 2023. Last week’s projection was at 2.18%.
Venezuelan ambassador to Cairo, Wilmer Barrientos Fernández, talked to businesspeople from Egypt earlier this week on the changes in his country towards economic diversification. He praised the work of the Arab Brazilian Chamber in favor of Arab-Brazilian relations.
The Brazilian government created the Flex License for export and import authorizations. It can be used for several transactions, saving time and cost.
Brazilian major biofuel company Atvos announced the transfer of USD 1.3 billion of its debt, thus allowing it to leave judicial recovery and pave the way for the investments of Arab fund Mubadala.
The Brazilian company joined the Ishraq Program, which aims to build a qualified workforce for the food and beverage industry among Emirati citizens.
Agency launched the Women and International Business program aimed at taking more women-led companies to the global market. Actions include training, mentorship, B2Bs, and other activities.
Minerva announced an agreement with Nadec, a major food processing player in the Middle East and North Africa, aimed to boost sales in the region.
The e-commerce fashion retailer platform will release YouTube episodes where Arab influencers show attractions in Riyadh, Jeddah, and surrounding cities while showcasing items sold by SHEIN.
New trends for the Asian country’s growth and polarization with the United States stir changes in the global supply chain. Nations in Southeast Asia and even Brazil can benefit, but a strategy is needed.
The financial institution approved a USD 270 million finance for Embraer jets export to US group.
The growth of the Arab country in Africa moderated in 2022 relative to the previous year, but the economy started to rebound this year on the back of the peace agreement with Ethiopia. Inflation remains below regional trends, and port activity has increased.
The launch is taking place at Naturaltech, a trade show that specializes in healthy and natural products. The UAE-based company’s president has come to Brazil for the first time and participates in the show.
Jamille Knop is a partner of UAE-based fashion distributor Lassus Design Brands and slipper brand Brez. Together, the companies generate over USD 200,000 a year.
