The Gulf state grossed USD 344.7 million from exports to Brazil year to date through July, up 78.5% compared to the same period in 2023. Exports from Brazil to Kuwait also stepped up but at a smaller pace and with a deficit balance.
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Bahrain’s imports increased in July, and so did re-exports, in which a country exports goods that were previously imported. Top re-exports were private cars, gold ingots, and smartphones, according to a non-oil trade report.
Arab country grossed OMF 6.2 billion in revenue in the second quarter of 2024, most of which, i.e., OMR 3.4 billion, coming from the oil sector.
The Arab country launched seeding operations to expand vegetation cover. Most part of the country’s surface area is occupied by deserts and barren soils.
Agreement covers a master’s degree in aerospace engineering, as well as technology-related activities and workforce training.
In an interview with a TV show, the Algerian state oil firm’s CEO, Rachid Hachichi, said the company is widening its international operation in 2014.
The Brazilian Cooperation Agency signed agreements to collaborate in the improvement of solid waste management and agricultural practices of the Comoro Islands. Embrapa is a partner.
Region went from a 10.6% share of exports of the Brazilian company in the second quarter of 2023 to 15.7% in the same period this year. A highlight at the earnings release was a net profit of USD 329 million.
The Egyptian government permitted Brazilians to export bone-in beef to the country, said the Ministry of Foreign Affairs of Brazil.
Brazil will harvest 21.2 million tonnes less in 2023-24 compared to the previous crop cycle particularly due to losses caused by climate problems. Corn and soybean are the most impacted.
The Arab country ranked fifth among the destinations of beef from Brazil from January to July 2023 and rose to third place this year, increasing its purchases by 212%.
Inflation is declining, while the country cuts subsidies in a bid to battle a budget deficit.
The Middle East country stepped up its purchases of the Brazilian product by 118.6% in July, while two other Arab destinations, Saudi Arabia and the UAE decreased their imports. Despite the Newcastle disease case detected in southernmost state Rio Grande do Sul, overall exports climbed last month.
The United Arab Emirates is one of the destinations where the Brazilian Dental Council plans on taking Brazilian professionals via its internationalization project. Chairman sees room for catering to the foreign community living in the Arab country.
