The GDP of the Arab country grew less in 2024 but is expected to advance this year based on the performance of the oil sector. Public spending also supports part of Libya’s economy.
Brazilian companies increased their exports to the Arab country last month. The leading products shipped were sugar and meat.
Brazil’s trade flow with the Arab country is based on food and fuels. Despite a 5.4% decline in trade over the first five months of the year, it grew last month.
LIDE Group is organizing a meeting in Marrakesh to discuss expanding investments and strategic partnerships in sectors such as technology, tourism, agribusiness, and more.
Banco do Brasil signed an agreement with a World Bank agency that provides support for smaller enterprises to finance foreign trade operations, sustainable production, and renewable energy projects.
The Secretary-General of Brazil’s Foreign Ministry met with the ambassador of the Arab country to Brazil to receive copies of his letters of credence.
A memorandum of intent is expected to be signed in October with the Abu Dhabi Fund for Development. The goal is to attract investments to Ceará state’s capital.
The event “Brazilian Jiu-Jitsu: The union between Brazil and Jordan Through Its Art” took place last week, organized by the Brazilian Embassy in the Arab country.
Polo Cultural is organizing the Festival Cidade da Cultura at 150 locations across the city of São Paulo from July 1 to 31. There will be 35 international attractions, including the launch of a book by an Algerian author.
In 2024, the North African country received USD 936 million in investment from foreign companies or institutions, according to UNCTAD.
In yet another clash between Brazilian and Arab teams, Brazil’s Palmeiras beat Egypt’s Al Ahly 2-0.
A delegation of Arab diplomats completed their trip to the state on Tuesday (18), where they encountered trade exchange opportunities different from those of the country’s South and Southeast regions. The group visited infrastructure currently being prepared for COP30.
The Ministry of Agriculture and Livestock informed the World Organization for Animal Health. The country had a case in Montenegro, Rio Grande do Sul state, in May.
An event held by the Arab-Brazilian Chamber presented the results since the free trade agreement came into effect, as well as its untapped potential and the challenges ahead.
