MIHAS is the leading global showcase for products fit for Muslim consumption. Through the Halal do Brasil project, six companies will participate in the event set for September 17-20 in Kuala Lumpur.
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According to a report by IATA, demand in the region witnessed a 14.7% year-on-year increase in July fueled by maritime tensions.
Increased demand for food and fertilizers, along with changes in Chinese agricultural policy, influence the sector’s performance.
André Brizolla and Daniel Santos established Fratelli Al Tawasul, a division in the company they fist founded in 2023, to mediate business between Arab perfume companies and Brazilian distributors. Already partnered with UAE-based Ahmed Al Maghribi Perfumes, they are negotiating with three other brands.
Commodity sees price increase of up to 3% on Monday (26) due to news on oil production and export.
This year through July USD 31.6 million worth of goods were exported to Syria, a 276% increase compared to the same period last year. Imports are on the decline.
This is the second time this year that the Arab country authorizes the purchase of new products from Brazil, as Saudi imports of vegetable seeds were cleared in March.
Brazilian micro and small businesses are growing as exporters and bringing positive results to the country by selling higher-value products and boosting the economy. Aidu, with its food-grade aerosol, and Açaí Town are two successful ventures in the international market.
Brazil increased its sugar exports by 27.1% from April to July and continues to enjoy positive prospects in the international market. The sugarcane harvest is expected to be the second-best in history, and sugar production could reach a record high.
The Gulf state grossed USD 344.7 million from exports to Brazil year to date through July, up 78.5% compared to the same period in 2023. Exports from Brazil to Kuwait also stepped up but at a smaller pace and with a deficit balance.
Bahrain’s imports increased in July, and so did re-exports, in which a country exports goods that were previously imported. Top re-exports were private cars, gold ingots, and smartphones, according to a non-oil trade report.
In an interview with a TV show, the Algerian state oil firm’s CEO, Rachid Hachichi, said the company is widening its international operation in 2014.
Region went from a 10.6% share of exports of the Brazilian company in the second quarter of 2023 to 15.7% in the same period this year. A highlight at the earnings release was a net profit of USD 329 million.
The Arab country ranked fifth among the destinations of beef from Brazil from January to July 2023 and rose to third place this year, increasing its purchases by 212%.
