An International Monetary Fund report highlights the Gulf Cooperation Council nations’ strategies to increase the digital sector’s share of GDP and make it dominant in government services.
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The trade fair will take place from April 8 to 10 in São Paulo. Exhibitors from Arab countries will showcase dates and olive oils at the Arab-Brazilian Chamber of Commerce booth.
The country produced 3.48 million barrels of oil per day in February, with the largest volume coming from offshore fields and the pre-salt layer.
According to the port management company Mwani, 247 vessels docked in the country in March, marking a 9% increase compared to February. The volume of building materials alone saw an 118% surge in activity.
LAAD Defence & Security brings together companies from the sector in Rio de Janeiro starting Tuesday (1).
The Brazilian cement maker announced that it has completed the transfer of all its assets in the Arab country to China’s Sinoma Cement Co., Ltd.
Overall, the Arab country imported fewer Brazilian goods in February, but there was growth in the acquisition of less traditional products.
The emirate reported a gross domestic product of USD 326 billion last year, heavily driven by the non-oil sector. The manufacturing sector was the largest contributor, followed by construction.
Companies listed on the stock exchange of the Arab country reported net profits of USD 13.8 billion last year, compared to USD 12.7 billion in 2023.
Point-of-sale transactions in Saudi Arabia climbed last week, a growth led by jewelry purchases, which increased at 29.9%.
Last year, the Arab nation grossed USD 37.9 million from glass and glass product exports to Brazil. The Egyptians moved from being the 10th largest exporter to the Latin American country in 2023 to the fourth in 2024.
Growth was recorded in the first two months of the year compared to the same period in 2024.
The Emirati gas company announced the distribution of USD 3.41 billion in dividends for the 2024 fiscal year. According to the Chairman of the Board, it is the largest payment of its kind on the Abu Dhabi Stock Exchange.
The mayor of Fortaleza, Evandro Leitão, met in Abu Dhabi with Muhammad Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development (ADFD).
