Saudi Arabia’s National Transport and Logistics Strategy aims to increase the contribution of the transport and logistics sector to 10% of the GDP, up from its current rate of 6%.
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The brand opened a branch in Dubai last Sunday (1) to sell products like coffee, tea, nuts, dried fruits, dates and chocolate.
Brazilian sales to the Arab market increased 33.5% in the first quarter of 2022, driven by the appreciation of products the country exports to the region and investments in the transition to the post-oil era.
The first quarter of 2022 was positive for micro and small industries, with the best index for Q1 since 2012, reveals a survey by CNI.
The Arab country invites investors to participate in the event that will take place from May 15 to 16 in Damascus.
Global surging prices are caused primarily by the pandemic and the conflict in Ukraine. But challenges unique to Brazil contribute to a situation of high prices and high interest rates as well as a slow rebound of the economy.
Brazil recorded a current-account deficit of USD 2.4 billion in February, down from a year earlier.
This week, the two Arab countries signed agreements providing for creating green hydrogen production plants in Egypt. The project also aims to export byproducts.
Exports from Brazilian miners dropped 22.8% in the first quarter, mainly influenced by the decline in sales to China.
After getting through the pandemic, now Egypt’s food industry faces supply shortages. The situation is worrying given the demand of Eid, the holiday that marks the end of Ramadan.
Medium-high and high-tech exports from Brazil have been down since the beginning of the COVID-19 pandemic and are expected to remain stagnant in 2022. The country mainly produces aircrafts, pharmaceuticals, machinery, and special equipment.
A 5.9% growth is expected in FY2021/22, and a 5% growth is forecasted in FY2022/23.
The Brazilian president met with the international organization’s director-general on Monday (18), who is visiting Brazil this week.
Saudi Arabia’s February crude exports reached 7.3 million barrels per day, the biggest volume since April 2020.
