The Central Bank of Libya has taken a series of measures in the foreign exchange market that are benefiting the economy, according to an analysis by the IMF. Disruptions in oil production led the institution to lower the country’s GDP growth forecast for 2024, but the estimate for 2025 has improved.
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The Global Alliance Against Hunger and Poverty, launched by Brazil, will hold its first leaders’ meeting in November 2025 in Qatar, alongside a UN event. Brazil’s Minister Wellington Dias discussed the matter with an official from the Arab country’s foreign ministry.
President Lula said during the Mercosur Summit in Montevideo that negotiations with the Arab country are progressing rapidly and are expected to be concluded by next year.
In partnership with the Arab-Brazilian Chamber, the Brazilian Embassy in the UAE held an event to celebrate Brazil’s Independence and the 50th anniversary of relations with the Arab nation. Diplomat Sidney Leon Romeiro said the relationship between the two countries is a success story.
Oman’s Youth Center signed an agreement with Sohar Free Zone and Sohar Port to support the development of local young talents.
The Bahrain Businesswomen’s Society is holding a global economic forum and exhibition from January 12 to 15, 2025, in Manama. The Bahrain’s Embassy in Brasília invites Brazilian women to participate. Registration is open.
The United Nations presented earlier this week, in Kuwait, Switzerland, and Kenya, the resource value required to aid 189.5 million people in need next year. The under-secretary-general said the world is dealing with a combination of crises.
A dinner in Brazil’s capital brought together politicians and officials. In his speech, the UAE Ambassador to Brazil, Saleh Alsuwaidi, noted that his country is home to 13,000 Brazilians.
Egypt’s ambassador to Brazil, Mai Taha Khalil, is having business-related meetings in São Paulo this week. Welcomed by leaders of the Arab-Brazilian Chamber, she said Brazil-Egypt relations are progressing well in the political sphere but need to advance in trade and investments.
The Palestinian Authority’s Religious and Islamic Affairs Minister Mahmoud Al-Habbash also said that Brazil plays an influential role on the international stage. During his visit to the Latin American country, he attended a Muslim conference.
The Islamic Development Bank (IsDB) and the OPEC Fund for International Development have each allocated USD 1 billion to combat drought, according to an announcement at COP16 on Monday (2) in Saudi Arabia.
Foreign Minister Mauro Vieira meets with Arab world ministers in Cairo, Egypt, amid discussions on how to address the crisis affecting Palestinians.
To mark the International Day of Solidarity with the Palestinian People, established as November 29 by the United Nations, activities take place in several countries calling for an end to the conflict in the Gaza Strip.
The Libyan market imported 1.6 million tonnes of iron ore from Brazil from January to October, a 60% increase compared to the same period last year. It is the largest volume in the current decade.
