Oil prices rose sharply on Monday (9) amid the conflict between the United States and Israel against Iran. Since the attacks began, the price of a barrel of WTI has increased by 70%, something never recorded over such a short period.
Browsing: Middle East
Data from February, which still do not reflect the US–Israel war with Iran, show the UAE and Saudi Arabia among the top importers of Brazilian chicken.
The Brazilian meatpacker invested USD 150 million in a business producing poultry, beef, and lamb in the Arab country, which also has a stake held by Oman Food Capital (OFC).
The two leaders spoke by phone on Thursday (22). Gaza’s reconstruction was one of the topics.
Coffee consumption in the UAE exceeds USD 3.2 billion, while Saudi Arabia has over 5,000 branded cafés. Businesses in this sector are expected to gain momentum at a trade fair in January.
Free trade negotiations are under way. According to CNA’s Director of International Relations, Sueme Mori, tariff exemptions could expand access for Brazilian agribusiness products to the Arab market.
Brazil’s planemaker has signed memorandums of understanding with AMMROC and GAL, aviation service providers in the United Arab Emirates.
Lebanon-based Brazil Friendship Group in the Middle East held its annual Mass last Saturday (11) in honor of Our Lady of Aparecida, the Patroness of Brazil, for the Brazilian Christian community residing in the Arab country. The ten-year-old traditional celebration was conducted in Portuguese by Father Antônio Sadak at the Saydet El Najat Church in
A series of meetings are being held in Dubai to discuss strategies to increase the presence of Brazilian companies in the Middle East and India.
At the Vatican, Salman bin Hamad Al Khalifa, who is also the Prime Minister of Bahrain, held discussions on peaceful coexistence in relations and the need to end the conflict in the Middle East.
Carlos Fávaro met on Thursday (18) with ambassadors from Arab countries and leaders of the Arab-Brazilian Chamber of Commerce, among other entities, to discuss initiatives aimed at closer ties between the Arab and Brazilian markets.
In an article, MTM Logix CEO Mario Veraldo advocates diversifying Brazil’s shipments beyond the China–United States–European Union triad. He draws attention to the Middle East and the silent transformation the region is undergoing in logistics.
Oman’s sovereign fund has acquired a majority stake in the Brazilian-based trading company Agribrasil, which sold over 1 million tons’ worth of grain in the first quarter of this year. The company ships product to the Middle East and North Africa.
The brand’s franchisees in Dubai advance in Abu Dhabi, complete installation in Saudi Arabia, and reaffirm plans to open a showroom in Riyadh.
