The Brazilian brand has footwear starting to arrive in Arab countries such as Kuwait, Egypt, and the UAE, in addition to established sales in Saudi Arabia, Oman, Jordan, Libya, and Sudan. Opananken makes an Arab sandal specially developed for the region.
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Brazilian brands are standing out worldwide and are beginning to gain popularity among consumers in Arab countries. Saudi Arabia is already the fifth-largest destination for Brazilian chocolate exports, and other markets in the region, such as the UAE, Qatar, Kuwait, Oman, and Bahrain, also have fans of national chocolate.
Delegates from companies based in the United Arab Emirates and Kuwait will attend the BF Show, to be hosted by the industry association Abicalçados from November 11 to 13.
An event in February 2025 will feature inventions in fields such as education, aviation, agriculture, and civil engineering. Applications are being accepted.
Catarina Mina, a brand created by Celina Hissa, sells crochet bags and clothing made by artisans to 28 countries, including the United Arab Emirates, Kuwait, Egypt, and Lebanon.
Brazilian Dr. Leandro Totti Cavazzola, a reference in robotic surgery, has been conducting training with doctors from the Arab country for five years.
The Arab country’s GDP may slow down in 2024, the same as it did in 2023, but an expected reversal of oil production cuts paves the way for 2.8% growth next year, the IMF said.
The country was the 10th biggest buyer of Brazilian chicken meat in September, industry association ABPA has reported. The UAE ranked 2nd, and Saudi Arabia was 4th.
Financing for financial institutions reached USD 7.8 billion through July. Amount borrowed by consumers has also increased.
The Arab Monetary Fund bulletin shows the value of the stock markets in Arab countries at the end of August. The Saudi stock exchange recorded the highest capitalization, followed by Abu Dhabi’s.
The Gulf state grossed USD 344.7 million from exports to Brazil year to date through July, up 78.5% compared to the same period in 2023. Exports from Brazil to Kuwait also stepped up but at a smaller pace and with a deficit balance.
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.
Brazilian foreign minister and GCC secretary-general Jasem Mohamed AlBudaiwi discussed topics such as the relations between Brazil and the Arab countries in the Gulf, and the conflict in Gaza.
Energy demand has increased in the Arab country spurred by extreme heat. Kuwaiti scientist said this is the result of climate change and temperatures are expected to climb over the 50 degree Celsius mark in the coming days.
