The Qatari embassy held an event earlier this week in the Brazilian capital to celebrate Qatar’s National Day, during which Ambassador Ahmad Mohammed Alshebani addressed the guests about the country and recent developments in its relationship with Brazil.
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Mwani Qatar signed a memorandum of understanding with the Qatar Free Zones Authority, through which it will provide support in port and logistics services to companies operating in the country’s free zones.
The Arab Monetary Fund bulletin shows the value of the stock markets in Arab countries at the end of August. The Saudi stock exchange recorded the highest capitalization, followed by Abu Dhabi’s.
Brazil is becoming an increasingly important supplier in the Arab beauty market, particularly with hair care products. The region is supplied by companies such as Floractive, specializing in hair treatments, and Terra Fértil, offering hair straighteners and dryers. Light Hair aims to enter the market, too.
The month-on-month increase was primarily due to higher production of crude oil, petroleum, petroleum products, and natural gas.
Environmental and sustainability issues are on the list of key priorities of the Arab country, Qatari news report says. Strategies have included the issuance of green bonds, flagship projects such as the deployment of carbon capture technologies, and recycling.
Having lived in the Arab country for eight years, the entrepreneur caters to groups of Brazilian tourists through her company Conexão Qatar.
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.
According to apex body Qatar Tourism, visitor numbers in 2023 were a five-year high.
This year, shipments abroad are expected to record a 6.8% expansion over 2022, according to ABPA data through November. Iraq became Brazil’s 10th main importer this year. The UAE was the 2nd leading buyer, and Saudi Arabia the 4th.
The Brazilian president stressed his interest in strengthening relations with the Arab country during forum in Doha, which had the Arab-Brazilian Chamber as one of its organizers. Lula praised the role of Qatar in mediating the Israel-Palestine conflict.
In a meeting with emir Tamim bin Hamad al-Thani at the Amiri Diwan Palace in Doha, the president discussed the economy, geopolitics, and the quest for peace.
The IMF mission anticipates normalization of growth one year after the strong performance resulting from the World Cup and estimates that the country’s economy could grow by 5%.
