According to forecast made public by an IMF official on Tuesday (30), the region’s GDP will contract more than it had been projected in April, due to the coronavirus impacts on the economy activity and the low prices of hydrocarbons.
Browsing: Middle East
Importers are shifting towards Brazilian beef as an alternative to unavailable Indian buffalo meat. The subject was discussed in a webinar hosted by consulting firm Datagro and livestock industry association GPB.
The increase in sales to the Middle East, particularly to Arabs, is a ‘pleasant surprise’ for the Brazil’s largest coffee farmers cooperative.
MENA accounted for 20% of total portfolio flows to emerging financial markets from 2016-2018.
Alessandro Stein Gonçalves has manufactured music instruments for 25 years. ‘The derbake made here has to sound exactly like the one made in the Middle East,’ he says.
Last October, airline passenger demand grew by 5.9% in the region, faster than the global rate of 3.4%, IATA says
Arab ambassadors to Brazil visited the Federation of Industries of Amazonas and the Manaus Free Trade Zone, where they discussed business opportunities available in their countries.
World Bank forecasts a 0.6% growth for the Middle East and North Africa this year, down from 1.4% estimated in April. Oil production cuts and geopolitical tension are some of the reasons.
A special session was held this Thursday in Brasília. Arab Brazilian Chamber of Commerce International Relations vice president Osmar Chohfi was in attendance.
Brazil’s Agriculture minister Tereza Cristina was welcomed by the Saudi deputy minister of Environment, Water and Agriculture to discuss trade and technical cooperation.
Launch of the Brazilian Breeders occurred during the International Poultry and Pork Show. Project is led by ABPA and Apex-Brasil.
At the Ceará Book Biennial, the publication ‘Infância Refugiada – Retratos de um Conflito’ features photographs taken by Brazil’s Karine Garcêz in countries including Palestine, Lebanon and Syria. Also featured are texts in Portuguese and English and children’s drawings.
Sales from Brazil to the region fetched USD 892 million in July. Saudi Arabia, Egypt, and the United Arab Emirates are some of the leading buyers.
The unit in Carambeí, Paraná will resume activities in early September. It used to ship some 6,500 tons of poultry items to Saudi Arabia each month.
