The Embassy of Bahrain in Brazil and the Arab-Brazilian Chamber held an event in São Paulo on Thursday (26) as part of the celebrations of the 50th anniversary of diplomatic relations between the Arab country and Brazil. The Bahrain Music Band performed with songs from the region.
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The Saudi Arabia Social Development Bank received an award at a finance forum in São Paulo for its funding of female entrepreneurship.
Financing for financial institutions reached USD 7.8 billion through July. Amount borrowed by consumers has also increased.
On the sidelines of the United Nations General Assembly in New York, the leaders discussed the Middle East and bilateral relations between the two countries.
In his opening speech at the United Nations General Assembly, the Brazilian president pledged to achieve zero deforestation in the Amazon by 2030, called for an end to armed conflicts, and raised concerns about the growing issue of global hunger.
A note from Brazilian ministries details the payments made by the Latin American giant to international organizations this year, including the UN, FAO, OAS, WHO, and Mercosur. These contributions reaffirm the country’s commitment to multilateralism and international cooperation, according to the government.
The North African country’s minister of economy said the financial instrument will be released later this week for the purchase of basic items, of which the country still has stocks for three months.
The aim is to enhance the financial system’s performance in environmental and social risk management, offer sustainable products, and increase the sector’s competitiveness.
According to material released by the United Nations, the global agreement approved on Sunday (22) by world leaders at the General Assembly in New York outlines advances and concrete actions in areas such as the use of fossil fuels and the Security Council.
In partnership with a local businessman, the hair products company will have showrooms and beauty salons in the city of Sousse.
Exports to the country have been consistently growing since 2022, based on the analysis of the first eight months of the year. Imports, on the other hand, are declining.
The Arab Monetary Fund bulletin shows the value of the stock markets in Arab countries at the end of August. The Saudi stock exchange recorded the highest capitalization, followed by Abu Dhabi’s.
Founded by Lebanese immigrant Mohamad Abdul Latif Assaf, Alhambra was born in the ’80s in Santos, Brazil, starting with a furniture store on Avenida Senador Feijó. Now in the hands of the founder’s children, the company grew by embracing Brazilian design and plans to open its fifth store.
A major exporter of oil and gas, the Arab country recorded a trade surplus. Top imports were mineral products and machinery.
