The Moroccan statistics agency projected a 1.3% increase in the country’s GDP in 2022 and a higher percentage in the next.
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Brazilian exports to the Arab nations decreased and revenue from July 2021 to June this year dropped. The cycle was of lower production, but the Arab bloc also diminished its share.
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.
Startups linked to sectors such as water technologies, energy, design, architecture, transportation, and logistics are eligible to apply. The project is open for applications until August 16.
Eight companies from Egypt and the UAE participated in a business mission organized by the Arab Brazilian Chamber last week in São Paulo. Appointments provided a better understanding of the market, information on investments, and a network of contacts.
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.
The Brazilian Parliament Congress held a special session last week to mark the 74th anniversary of the Nakba.
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.
Learn more about some of the Brazilians doing business and partnering with the Arab market. The Economic Forum Brazil & Arab Countries gathered some leading players in this trade.
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.
Kuwaiti Ministry of Commerce and Industry acting undersecretary Mohammad Mekhlef Al-Enezi visited the Arab Brazilian Chamber on Wednesday (6) and suggested a business mission from his country to Brazil in September.
Arab delegation in Brazil was welcomed by the president of the Federation of Industries of the States of São Paulo and discussed the need for Brazil-Arab relations to go beyond trade.
