Exports to the Arab country increased in January compared to the same period last year, according to data from the Brazilian government.
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The institution will launch a financing program to increase the sector’s participation in the economy of the Arab country.
Domestic production grew from January to November and is expected to reach 33.7 million tonnes by the end of 2024. Imports also increased over the period, but exports fell.
The Brazilian aircraft manufacturer reported USD 22.7 billion in orders in its Q3 2024 results. Deliveries saw a sharp increase from July to September, and both revenue and profit went up.
Saudi Arabia has opened its market to flower imports from Brazil, but sales to Arab countries must overcome distance and cost challenges, says director of Ibraflor.
The memorandum of understanding provides for the launch of joint projects in commercial aviation, urban air mobility, and the defense sector.
Talking at the B20 Summit in São Paulo, Abdulrahman Al-Fageeh also said it is possible to extract more chemical residues from plastic raw materials and expand recycling.
Brazilian economy grew 3.3% year on year in the second quarter and 1.4% compared to the first quarter. Services and industry sectors led growth in both comparisons.
Investments in the north of the country are made for the construction of a recycling plant and an industrial city, with factories, workforce houses, and logistics centers.
Industry group Fiergs estimates a slump in exports spurred by the impacts of the floods based on previous predictions for the year. Agriculture lobby Farsul indicates a negative impact on food production, and meatpacker lobby ABPA logged an 11% decline in poultry exports from the Rio Grande do Sul state in May but already points to a recovery.
Reported investments to the Tunisian Investment Authority were up in the first quarter of 2024, compared with the same period in 2023.
GDP registered an annual 2.8% decrease thanks to a drop in oil activities.
The flowers are grown in the Taif province. Rose farms are primarily located in the Sarawat Mountains and yield around 550 million yearly.
Egypt has announced the disbursement of USD 5 billion loans to industry and agriculture at an interest rate of 11%, down from 18%, with the state bearing the difference.
