The Arab country conducted its first census in 27 years, finding an average of 5.3 residents per household.
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The Arab country signed a contract that will allow the production of 300 cubic meters of gas per day at the Mansouriya field. The minister of oil said new licensing rounds will enable the production of an additional 850 cubic meters of gas and 750,000 barrels of oil.
Brazil’s year-to-date exports to the Middle East and North Africa grossed USD 17.7 billion through September, up 25% from the same period last year. The performance is on track for a new record.
The aim is to enhance the financial system’s performance in environmental and social risk management, offer sustainable products, and increase the sector’s competitiveness.
Exports to the country have been consistently growing since 2022, based on the analysis of the first eight months of the year. Imports, on the other hand, are declining.
The Middle East country stepped up its purchases of the Brazilian product by 118.6% in July, while two other Arab destinations, Saudi Arabia and the UAE decreased their imports. Despite the Newcastle disease case detected in southernmost state Rio Grande do Sul, overall exports climbed last month.
On the other hand, ABPA figures show that chicken sales to UAE, Saudi Arabia, Iraq, and other Arab countries expanded.
The three Arab leading buyers of poultry from Brazil stepped up their imports in May, ABPA says. The UAE are the second leading importer, followed by Saudi Arabia in third, and Iraq in sixth.
Great Food is the Iraqi branch of a century-old company founded in Syria. At the APAS Show, CEO says the goal is to cement sales in Brazil to eventually open a plant in the country.
Brazilian food and beverage trade show kicked off on Monday (13) in São Paulo, expecting a high turnover and featuring 22 countries, including five Arabs. Arab-Brazilian Chamber participated in the opening.
Exports surpassed imports by USD 8.67 billion in 2023. Last year saw shipments to Arab countries increase by 9.2% and imports decrease by 28.9%. The main Brazilian export was sugar, and the leading Arab import was oil.
Projections by the International Monetary Fund also estimate a deficit for 2024 due to the slowdown in economic activity and increased public spending.
This year, shipments abroad are expected to record a 6.8% expansion over 2022, according to ABPA data through November. Iraq became Brazil’s 10th main importer this year. The UAE was the 2nd leading buyer, and Saudi Arabia the 4th.
The event will bring representatives from 55 countries with lectures, musical performances, craft workshops, gastronomy, and other attractions from November 17 to 20.
