The International Monetary Fund (IMF) forecasts a 0.3% contraction in the region’s economy, primarily due to the closure of the Strait of Hormuz, but projects growth of 6.3% next year.
Browsing: Middle East
Conflict in the Middle East directly affects purchases of the input, which is essential for planting crops. Domestic production also declines this year
The North African country’s economy is expected to grow 2.3% this year and 2.7% in 2027. The International Monetary Fund says reforms and external assistance are essential.
Brazilian meatpacker JBS said its Seara brand generated USD 500 million in revenue in the Middle East last year, as the company participated in the Saudi Food Show in Saudi Arabia earlier this week. The company operates factories and is making significant investments in the country.
Commodity prices jumped on Monday (14), as the conflict in the Middle East affected transportation and distribution channels.
Australian Natasha Ridge moved from teaching to research that helps shape government policies in the United Arab Emirates, particularly in Ras Al Khaimah.
“Stories from the Center of the World,” edited by Jordan Elgrably, presents a selection of contemporary fiction from Middle Eastern writers, including authors from Arab countries.
In its second-quarter results, Brazilian multinational food processor reports higher profitability in the region and gains exceeding cost increases.
Abimapi data show growth in the industry’s exports in both value and volume. Shipments are expected to reach record levels this year.
In an assessment released Thursday (23), the International Monetary Fund said Brazil’s economy has shown remarkable resilience despite a challenging global environment and is expected to grow 2.4% this year.
As the conflict involving the United States, Israel and Iran threatens tanker traffic through the Strait of Hormuz and the Red Sea, oil prices surged on Thursday (23).
Sebrae Global Experience showed entrepreneurs how international trade can help expand their businesses. The Arab-Brazilian Chamber presented the Middle East and North Africa as promising markets for Brazilian products.
The airline is expanding the resumption of its operations in the Middle East. Flights to Abu Dhabi resumed this week, while services to Kuwait and Bahrain from Istanbul will be restored in the coming days.
Iraq’s Ministry of Oil announced plans to restore production and exports to pre-war levels, giving priority to shipments through the country’s southern ports.
