A report by UNCTAD indicates a record mainly driven by performance in the year’s first half. For 2023, prospects are not as sound.
Browsing: Economy
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.
Brazilian companies will participate in The BIG 5 show from December 4 to 9. The trip will also include B2Bs, technical visits, and product showcases.
The Brazilian trade balance had a positive result last month, reaching well above November 2021. Oil and grains boosted performance.
The new limit for carrying currency in cash without declaration on arrival or departure from the country increased from BRL 10,000 (USD 1.900) to USD 10,000.
Brazil’s economy grew slightly from the second quarter, but it expanded 3.6% from a year earlier.
At the Brazil Africa Forum in São Paulo, representatives from cities and institutions presented initiatives implemented to boost green energy generation. The Arab Brazilian Chamber’s secretary-general talked about investments of oil profits in green projects.
According to company PPSA, linked to the Brazilian Ministry of Mines and Energy, this is the volume the country expects to produce under the sharing regime in pre-salt areas from 2023 to 2032. Daily production is expected to increase fourfold in the coming years.
Presence of football fans has boosted poultry and beef consumption in the region and has driven up exports from Brazil. Purchases from Qatar have increased dramatically.
