Over luncheon at the residence of Kuwait’s ambassador to Brasília, Brazil’s president and diplomats from Gulf countries went over ways to enhance trade relations.
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Going forward, ANBA will delve into Brazilian-Arab relations in weekly podcasts. The first two episodes went up on the website this Thursday (15).
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.
Several Arab countries made their announcements this Monday (16), in the wake of a historical interest rate cut put in place by the United States.
As of May, warehouses and cold storage chambers will require halal certification. The change applies to Gulf countries such as Saudi Arabia and the UAE.
Bahrain will be launched as a tourist destination by Brazilian company Lynden over the next months. The company owned by Lebanese businessman Kháled Fayez Mahassen will work to have more packages in Qatar and Oman, too.
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.
Event on the 29th in São Paulo is aimed at food companies, especially those that are going to participate in Gulfood in Dubai. Focus will be the market of Arab countries in the Gulf.
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 deal was entered into during president Jair Bolsonaro’s trip to Doha. Food security and soccer were also on the agenda.
The Brazilian state-run oil company’s Institutional Relations director Roberto Ardenghy, who joined a seminar concurrent with president Jair Bolsonaro’s trip to the UAE, also said the company is looking for partners to bid in tenders with.
President Jair Bolsonaro’s visit to the Arab country will mark a step forward, according to the head of Brazil’s diplomatic representation in Abu Dhabi, Fernando Igreja.
Saudi Arabia is the frontrunner, comprising half of the total project announcement in the period. Contracts value jumped 33%.
