Led by its chairman, Qais Al Yousef, a mission from Oman’s Public Authority for Special Economic Zones and Free Zones is in Brazil and held a meeting on Friday (15) with representatives of the Arab-Brazilian Chamber of Commerce.
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In its earnings report, the Brazilian meatpacker said exports to Gulf countries rose in March from February due to the Muslim holy month.
President Luiz Inácio Lula da Silva visited the plant, which received USD 20 million in investments. The facility has the capacity to produce 1,300 metric tons of urea per day, equivalent to 5% of national demand.
The country’s Civil Aviation Authority announced the resumption of air traffic at Kuwait International Airport, which had been suspended due to the Middle East conflict. Kuwait Airways flights resumed on Sunday (26).
For the first time, the Moroccan National Tourism Office is bringing travel agencies to the WTM Latin America trade fair. An Egyptian company says that the opening of a museum in Cairo is attracting more Brazilians to the country.
Exports from Brazil to the Arab countries in the Gulf are positive during the quarter but slid 31.47% in March as a result of the war in the Middle East, according the Arab Chamber.
Carriers not based in countries affected by the conflict say regular services will resume from June. In some cases, operations will not normalize until October.
A U.N. commission report warns of the Middle East conflict’s impact on Arab countries’ energy, water and food systems. A 20% rise in food prices could push 5 million people into food insecurity in the region.
The shipping company announced on its website an overland transport service from Asia to Middle East destinations via Saudi Arabia and Turkey. Some countries in the region currently lack maritime access due to the closure of the Strait of Hormuz.
Oil prices rose sharply on Monday (9) amid the conflict between the United States and Israel against Iran. Since the attacks began, the price of a barrel of WTI has increased by 70%, something never recorded over such a short period.
Qatar’s Minister of State for Energy Affairs Saad bin Sherida Al Kaabi said the conflict could force Gulf states to stop producing and supplying energy within days.
In phone calls with ministers from countries affected by the conflict, Mauro Vieira discussed the situation of Brazilians, who may obtain emergency transit visas in Saudi Arabia.
Industry group ABPA says companies and the government are acting to guarantee deliveries to Arab ports despite the conflict, maintaining supply.
The Arab country called on residents to sign up on the national volunteer platform to support efforts in response to Iran’s attacks. There are opportunities to help in health, engineering, logistics, administration, regulation, and other areas.
