The Brazilian government will allow coffee, margarine, cheese, pasta, sugar, soy oil, and ethanol to enter the country tax-free. The new policy could help contain inflation.
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The Russia-Ukraine war could switch the positions of the countries that take part in the global oil and gas industry.
Brazilian industries obtained USD 71.3 million with international sales in January and February, up 37%. The most exported products were chemicals for leather and shoes, uppers, soles, and insoles.
Despite the Egyptian habit of consuming much tea, coffee has gained ground in the country. The Abdel Maboud Coffee brand imports beans from Brazil and has grown by selling exclusive blends.
The Global Business Forum Latin America will take place in the Expo 2020 Dubai from March 23 to 24 to discuss the economy of Latin America and the Caribbean, as well as their cooperation with the UAE. The president of Brazil, Jair Bolsonaro, will speak remotely.
According to UN Fund, rising food prices and shortages of staple crops jeopardize supply, particularly to the most vulnerable countries. Egypt and Lebanon import most of their wheat from Russia and Ukraine.
The Egyptian government will offer an incentive to local farmers selling wheat to the Ministry of Supply and Internal Trade.
Aiming at economic development, Somalia shows at Expo 2020 Dubai its goals to improve energy, agriculture, and blue economy infrastructure.
Palestine grew 6% in 2021, following a 11.3% recession in 2020. An upturn is expected to come only by the end of next year.
The Brazilian aircraft manufacturer recorded net revenue of BRL 22.7 billion last year (about USD 4.53 billion), up 15% from 2020, and delivered 141 jets.
In an article, the head of Middle East Desk of KPMG Brasil, Francisco Clemente, examines the performance of Brazil-Arab trade balance in 2021 and points out some prospects for this relation.
The Brazilian Federal Revenue has published a normative instruction exempting imported liquid petroleum gas cylinders for domestic use of some taxes.
A year ago, the agreement came into force and was signed by almost all African countries. Its goal is to expand regional trade, but opportunities go beyond the continent’s borders.
Last year, the Brazilian economy advanced at a rate higher than the 3.9% drop recorded in 2020. Service and industry sectors led the rise.
