According to information released by the Ministry of Supply and Internal Trade, the price of the product imported from Brazil dropped 12% at official points of sale in the Arab country.
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A study by ABESPetro, conducted with consultancy firm Delloite, pointed out the Brazilian oil and gas industry could receive investments of USD 24 billion a year until 2025.
The investment company from the United Arab Emirates bid to acquire control of Zamp, which owns recognized restaurant chains in Brazil.
Inflated prices of products such as fertilizers and oil increased Brazilian imports in July, diminishing the positive trade balance.
Upholstery cleaning and shielding company CleanNew is planning to start operations in Saudi Arabia, the UAE, and Kuwait.
Executives from the two institutions discussed how to cooperate to boost Egypt-Brazil trade.
The International Monetary Fund has raised its growth forecast for Brazil to 1.7%. The previous report had been made public last April.
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.
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.
