Arab-Brazilian Chamber of Commerce President Osmar Chohfi is part of the business delegation that have appointments in Saudi Arabia and the United Arab Emirates from March 3 to 8. Mission is focused on investments and business opportunities.
Browsing: Arábia Saudita
During event in São Paulo, Egypt’s Minister of Finance called for efforts in social protection, while UAE’s Minister of State for Financial Affairs spoke of financial inclusion. Brazil’s Fernando Haddad wants more international cooperation so that the rich “contribute their fair share in taxes.”
Karola Braga participates in Desert X in AIUla, Saudi Arabia, with an installation that evokes the memory and scents of the incense trade route. Festival co-curator Marcello Dantas is from Brazil, too.
This was one of the topics of the foreign ministers’ meeting in Rio de Janeiro that also discussed the situation in Gaza, energy transition, and the fight against hunger.
Exports to the two countries increased in January compared to the same month last year, while overall shipments declined, according to industry lobby ABPA.
On February 10, the International Day of the Arabian Leopard is celebrated. A Saudi organization unites participants for a walk in an effort to preserve the big cats.
Of the Middle East and North Africa states in a ranking made public by the Brazilian Tourist Board, Morocco is the one that sent the most visitors to Brazil in 2023, followed by Lebanon, Tunisia, Saudi Arabia, and Syria.
Saudi Arabia drew 27 million foreign tourists last year and has established even more ambitious goal for the tourism industry.
Brazilian aircraft manufacturer signed a memorandum of understanding to collaborate in maintenance and training in the Arab country.
This year’s GDP projections are based on the World Economic Outlook review, which also estimated 1.7% growth for Brazil.
Exports surpassed imports by USD 8.67 billion in 2023. Last year saw shipments to Arab countries increase by 9.2% and imports decrease by 28.9%. The main Brazilian export was sugar, and the leading Arab import was oil.
Exports expanded both in revenue and volume, industry lobby ABPA reported. ABPA president Ricardo Santin believes this results from international promotion actions. Saudi Arabia is the top exporter.
The global flow of foreign direct investment reached USD 1.37 trillion last year, with a slowdown in developed and developing nations, according to UNCTAD data. The United Arab Emirates and Saudi Arabia saw higher investments in their greenfield projects.
Saudi Arabia’s investment minister Khalid al-Falih said at the World Economic Forum in Davos that the energy transition will be at the core of the Gulf region’s strategy to fuel its growth.
