The research institution TRENDS Research & Advisory from the United Arab Emirates hosted a symposium within the Brazil Africa Forum in São Paulo. In an interview with ANBA, senior researcher AbdulAziz Al Shehhi highlighted the role that Brazil and the UAE play as investors and supporters of Africa.
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On the second day of the Brazil Africa Forum, Brazil’s secretary for Africa and the Middle East, Carlos Sérgio Sobral Duarte, spoke about the continent’s economic progress and said the trade relationship with Brazil is modest compared to its potential.
Brazil’s year-to-date exports to the Middle East and North Africa grossed USD 17.7 billion through September, up 25% from the same period last year. The performance is on track for a new record.
Algeria has joined the list of the top 20 importers of Brazilian beef, at 34,200 tonnes from January to September. The UAE also increased their purchases, contributing to the rise in exports.
A World Bank analysis points out that the 26 poorest nations in the world are deeper in debt than at any time since 2006 and have struggled to attract low-cost financing.
The organization has joined the Azerbaijan Halal Business Forum, where it is introducing Brazilian small and medium businesses active in the halal market. COP29, which will be held in the capital, Baku, was also on the agenda.
The Arab country’s GDP may slow down in 2024, the same as it did in 2023, but an expected reversal of oil production cuts paves the way for 2.8% growth next year, the IMF said.
The country could be a global leader in the sustainability debate, but first it must address domestic issues.
The Arab country’s GDP grew specially because non-oil activities. The manufacturing sector performed well, as did the financial and insurance sectors, professional, scientific and technical activities, transportation and storage, and information and communication.
The accolade is awarded in recognition of innovative efforts towards sustainability in six different categories. Winners will be known on January 14 in Abu Dhabi, United Arab Emirates.
Saudi Arabia’s region hosts mining complexes but still has potential in the sector, according to a Ministry of Industry and Mineral Resources’ spokesman.
Oman’s Ministry of Agriculture, Fisheries and Water Resources has accepted an international veterinary certificate template for imports of live goats and sheep from Brazil. Would-be importers in Oman must submit an official application to the Ministry.
The Brazilian company supplies non-GMO corn-based ingredients such as flour and cornmeal to manufacturers. In a market with a growing demand for healthy, sustainable food, Milhão is making strides and exporting to Arab countries.
The country was the 10th biggest buyer of Brazilian chicken meat in September, industry association ABPA has reported. The UAE ranked 2nd, and Saudi Arabia was 4th.
