Higher oil prices and improved domestic demand are expected to boost GDP growth in Kuwait in 2022. The government contained inflation by subsidizing food and energy prices to prevent the population from price hikes.
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Taking stock of 2022, the year when the Arab Brazilian Chamber of Commerce turned 70, its president Osmar Chohfi highlighted the record-breaking trade between Brazil and the Arab market, the launch of a halal project, the Economic Forum Brazil & Arab Countries, and the expansion of electronic customs clearance system Easy Trade.
Petrobras started testing an equipment that mensurates the speed and direction of the winds at the ocean so that Brazil can produce wind power in offshore parks.
The Brazilian Foreign Trade Association projects a more significant decline in imports than exports from the country for next year.
The sixth edition of the Sharjah Investment Forum will take place in February 2023. The event seeks to attract public policymakers, business heads, and decision-makers.
An IBGE survey pointed out that in 2021 most of the major national extractive and transformation industries innovated in products or processes.
The rise in Tunisian imports stems from the increase in energy product imports over the past eleven months of 2022.
A report by UNCTAD indicates a record mainly driven by performance in the year’s first half. For 2023, prospects are not as sound.
Part of the proceeds from coffee grown by a Lebanese will be funneled to help the Syrian people. For each Yalla Yalla pack bought, roasting business Tocaya will donate BRL 5 to the Arab country through the UN World Food Programme.
Brazilian Autotech Mileto already produces electric motorcycles and minitrucks and intends to bring passenger cars to the market in 2023 with prices starting at BRL 100,000 (USD 19,000). The company aims to export and will hold investment rounds next year. A Dubai fund has become interested in the business.
Revenue was up 29% compared to November 2021, while volume increased 12%.
Exports raised USD 872.7 million after eight straight months over USD 1 billion. Egypt was the fourth largest buyer, behind China, United States, and Chile.
A report points out that the number of games companies almost doubled to 24 in 2022 from 13 last year in the Arab country. Incubation programs drove this growth.
The ambassador of Morocco to Brazil, Nabil Adghoghi (pictured), writes article on how his country has implemented the energy transition in the fertilizer sector. Morocco is one of the world’s leading suppliers of fertilizers, a key component of the global food security.
