Results released by the vehicle manufacturers association revealed a 16% decrease in foreign sales of light commercial vehicles, buses, and trucks.
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According to data from the International Air Transport Association, air travel demand in November 2023 reached 99.1% of November 2019 levels.
There was a 10.8% drop in revenue and a 16.6% decrease in volume from 2022, according to sector association data. In December, Libya imported USD 730,000.
According to the sector lobby, sales to both countries grew from the same month in 2022. Brazil’s poultry exports increased by 6.6% in 2023.
The negative balance in current transactions was of USD 1.55 billion, a drop from 2022.
Saudi Arabia’s Public Investment Fund deployed USD 31.6 billion across deals in various countries, including Brazil.
The North African country’s decision also includes the import of day-old quails, adding to previous market openings for Brazilian products.
Ports and Airports Minister Silvio Costa Filho announced the first step of the air transport program in Brazil, with an increase in the number of airports and a reduction in ticket prices.
Decision from Cairo to open fish and seafood market brings new business opportunities for the industry due to the local demand. The Arab country could reexport them to its African and Middle Eastern partners.
Brazil’s Minister of Environment and Climate Change told UAE news agency WAM that the decisions made at COP28 are the basis for initiating investments that are aligned with nature.
A Mission organized by LIDE and the Arab-Brazilian Chamber will bring Brazilian and Saudi companies together to promote business and investments.
The president & CEO (pictured) of Dubai Chambers delves into global trends in foreign direct investment (FDI) and underlines the role of the emirate as a world leader in FDI.
For the first time, the event held in the capital of the United Arab Emirates presented Latin American works. Brazilian contemporary art exponents represented by Galeria Karla Osorio and DAN Galeria had their works exhibited at the Fair.
Concert “Sounds of the World: UAE & Brazil in Symphony” brought together musicians from the two countries in a performance of both classical and popular music.
