The Brazilian government announced an exemption from import taxes for a series of food items in a bid to curb inflation. They include olive oil and sardines exported by Arab countries.
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The North African country was the 17th main supplier in February, according to a survey by Abicalçados.
A Brazilian company was hired by the Royal Commission for Riyadh City (RCRC) to develop environment-focused solutions.
Annual price inflation fell to 12.8% in February, down from 24% in January. Vegetable prices saw an 8.2% drop, while costs for water, electricity, and gas remained stable.
Brazil’s gross domestic product saw its largest growth since 2021. The expansion of industry, construction, and household consumption were some of the key drivers. As unemployment reached the lowest unemployment, Brazilians increased their spending.
In a cabinet meeting led by the prime minister, the country outlined a plan for the growth of the phosphate sector, which includes raising production to 14 million tonnes per year.
Data from the Saudi Central Bank shows that spending jumped nearly 35% in the Arab country in the week leading up to Ramadan. Families typically prepare for the period and make larger purchases, mainly of food.
Brazilian Jacqueline Benevides was responsible for decorating a wedding in Saudi Arabia last year with giant flowers. The ceremony served as a showcase for the international expansion of the artist’s work.
In January of this year, USD 60.2 million were exported, mainly in beef, chicken, and sugar.
The country wrapped up a series of activities earlier this week to accelerate the implementation of the Great Green Wall, an African Union initiative to restore degraded landscapes and combat desertification.
Construction of dams and wells, water treatment, and the implementation of a legal framework were discussed at a meeting of ministers.
In January, Brazil’s exports to the Arab country rose by 400%, but overall international shipments were lower than in the same period last year.
The secretaries-general of the two countries’ foreign ministries led a bilateral meeting on Wednesday (26) in Doha, discussing progress in cooperation across various sectors.
Portsudan terminal, on the east coast of the Arab country, has gained a VIP lounge, a specific hangar for customs services, and infrastructure improvements.
