Brazil’s trade surplus of USD 4.9 billion was the lowest for the month of May since 2019.
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The Arab country increased the import tariffs on a range of products on Sunday (12), including vegetables, sheep, goats and fish.
Saudi gaming company Savvy Gaming has acquired 8.1% of Swedish Embracer Group for USD 1 billion. The group owns celebrated game franchises such as Tomb Raider (pictured above) and Deus ex.
A decree by the Brazilian federal government withdrew wharfage fees levied on movements inside ports from import tariff calculations. The goal is to make purchases of imported products more affordable.
An IMF team conducted a virtual mission in the country and reported that commodity prices have exacerbated the local economic and humanitarian crisis. Yemen is a net importer of oil.
Mubadala Capital acquired two medical schools in the state of Bahia, it said in a statement.
The Brazilian company carried out the first tests in the production of the fuel, which could help the airline industry reduce CO2 emissions.
The Syrian Investment Agency announced investment opportunities for two provinces with facilitations stimulated by the government.
Official figures show Brazil’s GDP grew by 1% in the first three months of 2022 over the previous quarter and 1.7% compared to the same period in 2021.
A survey by the National Confederation of Industry has shown that the rising input costs was above the expectations of most Brazilian companies in March.
Brazilian hookah ceramics company Thermoceram will have a distributor in Dubai. Ziggy, which markets hookah essences, made good contacts and is considering opening a point of sale in the UAE. Both brands showcased their products at World Shisha Dubai.
The Arab countries bought USD 5.2 billion in Brazilian products year to date through April. High commodity prices drove the results up, but Brazil has also shipped larger volumes of soybeans, maize and wheat to the region.
Poultry genetic material shipments from Brazil totaled 5,100 tonnes from January to April. Day-old chicks and fertile eggs, among others, were exported.
The studies of engineer and researcher Youssef Morghi collaborate on preventing accidents in nuclear power plants. In Brazil since 2015, he has been pursuing a career in the country.
