Brazil earned USD 643 million from sales to the foreign market in the first half of 2022 and seeks to reach USD 1.4 billion by the end of the year.
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The Brazilian company announced its refineries were running nearly full tilt at the end of June.
Countries of the bloc agreed to lower taxes on products from nations outside the bloc.
A report pointed out that the Egyptian sector’s exports surged 36% during the January-May period. The highest-selling products were marble, granite and cement.
Plant milk is an untapped sector in the Arab region, says businesswoman Maria Eduarda Becker, who owns a specialty coffee brand in Dubai. The market is expected to reach the value of USD 123.20 billion by 2029, a survey says.
A report by Invesco pointed out an uncertain global scenario is leading sovereign funds in the region to reassess investments. Investors are decreasing participation in Europe, and the private sector has gained preference.
The Brazilian engine manufacturer from the state of Santa Catarina signed a partnership with the Algerian group Cevital to produce and sell motors for washing machines in the city of Setif.
The Moroccan statistics agency projected a 1.3% increase in the country’s GDP in 2022 and a higher percentage in the next.
The Brazilian Ministry of Economy revised the growth estimate for the country to 2% in 2022. The previous projection was 1.5%.
The Arab country reported 15 new investment projects in the first half of 2022, totaling TND 2.23 billion. Most are in the industry, services, and energy sectors.
A report published by the Inter-American Development Bank and The Economist newspaper placed Brazil in the ‘developed’ category for public-private partnerships.
The oil company finalized the sale of 51% of its stake in Gaspetro to Compass for USD 394. The sale is part of a commitment to promote competition in the natural gas sector in Brazil.
Brazilian industries shipped 7.5 million pairs of shoes abroad in the first half of 2022. In addition to the increase in volume, there was a 67.5% growth in revenue.
For the secretary-general of the Islamic Chamber, Brazil could grow its halal market in sectors such as tourism and cosmetics. The executives were received at the Arab Brazilian Chamber headquarters in São Paulo.
