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This Sunday (2), influential oil-producing countries such as Saudi Arabia, Russia, and Iraq announced they would reduce oil production as of May. This measure was taken due to the recent drop in prices and the prospect of increased Chinese demand.

At a hybrid event next Monday (3) at 9 am, the Arab Brazilian Chamber of Commerce will present a strategy to foster sport-related business between Brazil and the Arab countries. Minotauro, René Simões, Parreira, and Fouad Darwish will participate. The event can be watched online.

The Commercial Section of the Embassy of Brazil in Cairo has a new head, Fernando Bastos. He visited the headquarters of the Arab Brazilian Chamber of Commerce in the Egyptian capital to discuss joint cooperation actions for Brazil-Egypt trade.

The Arab Brazilian Chamber will organize a trade mission with Arab companies to Brazil for the APAS show from May 15 to 18 in São Paulo. In an online event, Egyptian businesspeople were invited to explore the opportunities in the Brazilian market.

Arab Brazilian Chamber of Commerce secretary-general & CEO Tamer Mansour is part of the group accompanying the Brazilian federal government delegation on a trip to China headed by the minister of Agriculture. President Lula canceled his participation due to health issues. The schedule in the UAE was withdrawn.