Memorandums of understanding have been signed to advance the construction of a pipeline linking Haditha, Iraq, to Banias, on Syria’s Mediterranean coast, thus creating an alternative route for international oil supplies. The project is expected to be completed within two and a half years.
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A company selling nuts, beverages, cheeses and flours from the Brazilian state of Paraíba to customers in Brazil and overseas is looking to supply Brazilian expatriates in Arab countries.
After three months of decline, Brazilian exports to Arab markets in the Gulf region, where the Middle East conflict is centered, posted a slight increase again in June.
Diplomats from Egypt and Brazil highlighted the strengthening of bilateral cooperation and closer ties between Egypt and Mercosur during a reception held in Brasília.
Abu Dhabi-based defense and technology group Edge has reached an agreement to acquire Akaer, a Brazilian company with which it already has a partnership. The transaction is subject to regulatory approval.
Prices were driven higher by housing rents and personal care costs, according to the government’s statistical authority.
Exports are up 18.2% so far this year, totaling USD 266.1 million, according to data from Brazil’s trade ministry. Beef and live cattle are among the country’s leading exports.
The Seventh Political Consultations Meeting between the two countries also included exchanges on cooperation, investment and agriculture.
Prices climbed 5% following renewed attacks in the Strait of Hormuz and threats to impose tariffs on goods.
The application period for the 2027 award has closed. According to the prize organizers, a significant number of Brazilian institutions submitted applications.
Genetic material will now be eligible for export to the Arab country, according to an announcement by Brazil’s Ministries of Foreign Affairs and Agriculture and Livestock.
A UNCTAD report shows that Brazil received USD 77 billion in foreign direct investment in 2025, making it the world’s fifth-largest recipient. The United Arab Emirates ranked ninth, while Saudi Arabia came in 13th.
A delegation from Saudi Arabia’s Ministry of Energy met in Brasília with Brazil’s Minister of Mines and Energy, Alexandre Silveira, and First Lady Janja da Silva.
The International Monetary Fund says Algeria has made efforts to generate revenue from sectors beyond the economy’s traditional pillars, but the country remains heavily dependent on oil revenues.
