Brazil received 3.16 million tonnes of fertilizers from abroad in January, according to data from an industry association. The figures do not yet reflect the war in the Middle East.
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Iraq’s Oil Ministry said it has started sending tanker trucks carrying oil to Syria. Iraq depends on the Strait of Hormuz for exports, while Syria has a Mediterranean coastline.
A total of USD 332.5 million will be allocated to two projects aimed at expanding water security and the distribution of drinking water.
A U.N. commission report warns of the Middle East conflict’s impact on Arab countries’ energy, water and food systems. A 20% rise in food prices could push 5 million people into food insecurity in the region.
Brazil-based company is betting on a diverse range of mate products for export. One of its goals is to resume shipments to Arab markets, where it had clients in the past. The conflict in the Middle East may require operational adjustments, but the company believes the market will gradually reorganize.
The company had a business plan to meet 80% of domestic demand within five years but is now considering making Brazil 100% self-sufficient in diesel over the same period. Prices have surged due to the war in the Middle East.
Sultan Ahmed Al Jaber, UAE minister and CEO of Adnoc, spoke about the impacts of a disruption in the Strait of Hormuz on the global economy. A significant share of essential commodities is transported through the route.
Brazilian companies will attend SIAM through an initiative by the Ministry of Agriculture and Livestock in partnership with the Ministry of Foreign Affairs between April 20 and 28. Registration is still open.
Attacks on the UAE and Bahrain drive up the commodity’s price. Oil rises amid renewed threats to the Strait of Hormuz, while a desalination plant in Kuwait is also targeted in retaliations.
On Sunday (29), Arab foreign ministers approved the nomination of former Egyptian foreign minister Nabil Fahmy to head the League of Arab States starting in July. The decision still needs to be endorsed at the organization’s next summit.
The Syrian government and the UN’s Food and Agriculture Organization have resumed work on an irrigation system in the Al-Ghab plain that benefits 19,000 hectares of farmland.
Measures announced by the government aim to curb rising energy costs, which have increased from USD 560 million to USD 1.65 billion since the start of the Middle East conflict.
Naeem is a luxury residential development to be built by Mitre Realty. Dubai-based firm NKEY is responsible for designing the common areas of the future building.
The Brazilian government has scrapped import duties on machinery and IT products whose tariffs had been raised in February, after hearing from companies that cited a lack of domestic production and insufficient supply in the local market.
