The 46% net income growth in 2022 was due to surging oil prices after Russia invaded Ukraine.
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The International Monetary Fund released USD 87 million to Mauritania and says the country is on a recovery path but faces challenges like the current account deficit and inflationary pressures.
Arab Brazilian Chamber heads spoke with the Egyptian assistant foreign minister for American Affairs, Hazem Fahmy, about establishing a logistics area for grains in the Suez Canal Economic Zone.
A survey indicated 84% of Saudis would like to use AR to shop online. Some are willing to pay more for a high-end shopping experience.
To spread more information on the fight against eating disorders, Cintia da Silva seeks to donate the proceeds of the restaurant that she started in the UAE and make it a social business.
Brazilian footwear exporters chose countries to promote their products over the next biennium. Priority markets include the United Arab Emirates, and secondary markets include Saudi Arabia.
In cooperation with private company Equinor, the Brazilian oil company will assess the implementation of seven wind power generation projects off the Brazilian coast.
In an online space, buyers from the United Arab Emirates will meet with Brazilian coffee, fruit, and byproduct producers from March 13 to 17.
The Egyptian producer of tomato and fruit concentrates is assessing the Brazilian market, where it intends to enter with its products. Negotiations with representatives in Brazil are already taking place.
The country’s economy grew last year compared to 2021, mainly driven by services and industry. Agriculture was down.
Supermarkets in Lebanon started pricing goods in dollar as allowed by the local government. Each store has to announce the exchange rate it was using.
The Brazilian government decided to levy a 9.2% tariff on crude oil exports to compensate for the loss of revenue due to the gradual lift of tax exemptions on fuel.
Companies from Egypt exhibiting at the food trade show in Dubai celebrated the signature of export deals during the show, which doesn’t usually occur. High number of visitors favored business.
The Financial Action Task Force removed the Arab country from increased monitoring in its areas of activity, which include anti money laundering and combating the financing of terrorism. This fact is expected to make Morocco more attractive for investment.
