New ambassador from the Gulf state to Brasília, Talal al-Mansour says that trade between the two countries has the potential to go beyond commodities.
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Sold for higher prices, agricultural commodities accounted for 71% of the trade with the Arab countries in 2022. Sugar, poultry and iron ore were the leading items sold to the bloc.
According to a report, the Gulf countries will have to increase the number of hospitality professionals by 2026 as tourism booms.
Gulf Cooperation Council Statistical Center projects a higher price rise this year compared to 2020.
Institution heads were in Manama this Wednesday (20) and agreed to carry out a series of activities with entities from Bahrain and other Gulf Cooperation Council countries.
The 47th edition of the event took place in Cairo, the capital city of Egypt. The entity was represented by the regional advisor for the Gulf Cooperation Council, Iraq, and Yemen, Shaheen Ali Shaheen.
According to forecast made public by an IMF official on Tuesday (30), the region’s GDP will contract more than it had been projected in April, due to the coronavirus impacts on the economy activity and the low prices of hydrocarbons.
Online shopping application Nana increased its capacity threefold and secured USD 18 million to branch out into other Gulf countries.
An IMF report urges Gulf Cooperation Council member countries to tailor their fiscal policies to match the commodity’s prices, which are expected to decline in the next two decades.
Mariam Al-Aqeel is the first woman in the position ever in the region. She’s also chair of the Kuwait Investment Authority (KIA).
Tereza Cristina of Brazil joined diplomats for lunch at the Embassy of Kuwait in Brasília. Arab Brazilian Chamber of Commerce president Rubens Hannun and International Relations vice president Osmar Chohfi were also in attendance.
The Brazilian brand’s regional partner, Millennial Capital, has announced a business expansion across e-commerce, retail, pharma and salons in the bloc.
The congressman participated in a lunch last Tuesday (15) at the residence of Kuwait’s ambassador to Brasília, Nasser Riden Almotairi.
Saudi Arabia is the frontrunner, comprising half of the total project announcement in the period. Contracts value jumped 33%.
