Last year, the Saudi economy was boosted by private consumption and non-oil investment. According to the IMF, the country is making progress in its diversification efforts. Non-oil GDP is expected to grow by 3.5% in 2024.

According to Brazil’s Foreign Affairs Ministry, negotiations with the UAE for a free trade agreement have been ongoing regularly since they were launched and were addressed at the Mercosur foreign ministers’ meeting in Montevideo within the broader context of the bloc’s extra-regional agenda.

Market Securities, a global wholesale broker with a branch office in Dubai, is structuring funds to facilitate investments from Arabs in Brazil’s agribusiness sector and from Brazilians in the UAE’s real estate sector. A Brazilian executive is leading its Special Projects division.

Portuguese filmmaker Carlos Gomes chose Brazil for the premiere of his film “The Poet King,” which explores the dilemmas of an 11th-century Arab dynasty leader around poetry and war. The movie is part of the Arab World Film Festival. The director discussed his cinematographic production with ANBA.