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.
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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.
The IMF estimates the Gulf country could further grow this year. As in 2022, the development would be driven by the non-oil sectors.
The policy was announced this Tuesday (11) in the Brazilian Official Federal Gazette to improve public efforts aimed at foreign trade in the country.
Latin America received USD 224.6 billion in foreign investment last year. Brazil led the list, with 41% of the total and a 97% growth.
Jean Paul Prates, CEO of Brazilian oil company Petrobras talked at a seminar held by OPEC in Austria on Wednesday (5) and said state-owned oil companies need support from states for energy transition.
The Brazilian defense company partnered with Sepha to expand into the Saudi market, where Taurus opened an office in 2022.
Ministry forecasts a trade surplus of USD 84.7 billion this year as imports will fall more than exports. Prices of goods Brazil imports like fertilizers, fuels and wheat are declining.
Brazil produced three million barrels of oil a day last year, most coming from pre-salt reserves. The majority of the country’s natural gas also came from pre-salt.
Golf Cooperation Council’s equity markets recorded a positive performance last month, led by the UAE and Saudi Arabia.
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.
