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.
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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.
The conflict that began on Saturday (28) affected flights from Brazil to the United Arab Emirates and Qatar. Airlines operating in the region are advising their passengers.
The International Monetary Fund says economic diversification beyond oil will only come with the adoption of structural reforms. The institution projects GDP growth of 2.6% this year and 3.8% in 2026.
Free trade negotiations are under way. According to CNA’s Director of International Relations, Sueme Mori, tariff exemptions could expand access for Brazilian agribusiness products to the Arab market.
The Arab country’s national airline recorded an increase in the number of passengers carried in October, as well as in its flight load factor, which reached 85%.
At a meeting at the Arab-Brazilian Chamber, logistics experts presented the opportunities and challenges along the trade route between Brazil and Arab countries.
Companies from the Arab country have laid the cornerstone for the Bahrain Surf Park – Club Hawaii Experience, which will feature a pool with technology capable of generating up to a thousand waves per hour. The goal is to attract surfing tourists.
After a trip by the region’s governors to Qatar, the United Arab Emirates, and Saudi Arabia, there is an expectation of business deals and investments in the coming months.
Governors and deputy governors from Brazilian northeastern states are traveling to Qatar, Saudi Arabia, and the United Arab Emirates to attract capital and partnerships for their development projects. The Arab-Brazilian Chamber participates.
An International Monetary Fund report highlights the Gulf Cooperation Council nations’ strategies to increase the digital sector’s share of GDP and make it dominant in government services.
