National Treasury of Brazil was awarded by the Latin American Bond Awards for last November’s issuance of sustainable bonds that raised USD 2 billion.
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Microsoft is to invest the amount in Abu Dhabi-based artificial intelligence firm G42, the companies said on Tuesday (16).
The latest report on global prospects published by the International Monetary Fund says that inflation is slowing but its risks remain. Brazil is projected to grow by 2.2 percent.
Tourism board of the Arab country participates in WTM Latin America with ten companies offering packages to people interested in the pilgrimage tourism to the Holy Land.
According to a World Bank report published on Monday (15), MENA economies are expected to post a lackluster growth in 2024. Oil importing countries face rising indebtedness.
Average price of the tonne of beef shipped from Brazil in March was 4.5% lower than a year ago. Beef industry group Abrafrigo reported that the United Arab Emirates was the third leading destination of the product.
Public irrigation projects allowed the growth of 4.11 million tonnes of foods in Brazil in 2023, up 71,800 tonnes from 2022, Codevasf reported. Fruit farming is a highlight.
Brazil doubled sugar sales to the Arab market in Q1 and stepped up iron ore exports by 43%, driving up the revenue. Imports of Arab products declined.
A group of startups affiliated with the G20 will have their second meeting in Brazil next week. Delegations from 23 countries have confirmed their participation in the meeting in Rio, including two from Arab nations.
Following 15 years in Kuwait, a local partner is expanding his operation in the Arab world. A second branch store will open in the UAE later this year.
Country drew in 1.6% of the global investments in software, hardware and services in 2023, heading the ranking of Latin American countries.
Webinar presented opportunities at MIHAS, the world’s largest halal exhibition. Companies from Brazil can participate in September’s trade show through the Halal do Brasil project.
Project in Paraná, Brazil, offers dollar contracts for investors and an efficient, environmentally responsible mean of transportation. The large railway is intended to connect Brazil’s agricultural regions to its Port of Paranaguá.
The country is both a destination and a source of migrant workers. Heavy losses in skilled labor could hamper development over the long haul.
