Leaders of the Arab-Brazilian Chamber of Commerce (ABCC) welcomed the new Omani ambassador to Brazil, Abdulghaffar Al Bulushi (pictured, C). The ABCC’s president, William Adib Dib Jr. (L), and vice president of international relations and secretary-general, Mohamad Mourad (R), met with the diplomat last week in Brasília. Supplied
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Nabil Lakhal leaves the Latin American country after a year and a half in office and an increase in trade exchanges. A dinner held in Brasília marked the diplomat’s farewell and the arrival of representatives from Oman and Mauritania to the country.
With integrated economic, tourism, and environmental goals, the Arab country is developing its 30 nature reserves. The initiative includes environmental protection and the creation of leisure facilities such as stargazing parks, sustainable campsites, and safari tours.
The country has qualified for the world football championship after beating Oman and watching as South Korea defeated Iraq.
In the first quarter of this year, financial institutions in the Gulf reported a net profit of USD 15.6 billion, 7.1% higher than in the previous quarter.
Lawyer Marcelo Lucas writes an article about the Arab country as an investment destination, its benefits, and economic environment. With offices in Dubai and Riyadh, he will lead a delegation of Brazilian businesspeople to Oman next weekend.
The Ministry of Commerce, Industry and Investment Promotion presented economic data for 2024, including commercial registrations and foreign direct investment, both of which rose.
An International Monetary Fund report highlights the Gulf Cooperation Council nations’ strategies to increase the digital sector’s share of GDP and make it dominant in government services.
Information from Ernst & Young indicates that the outlook is favorable for the banking sector in the Gulf Cooperation Council countries, which are benefiting from local economic diversification efforts.
Executives from the Arab-Brazilian Chamber of Commerce met with the Oman Chamber of Commerce and Industry, discussed advancements in the partnership between the two institutions, and explored ways to increase trade between the two countries.
In 2024, Brazil exported USD 23.68 billion and imported USD 10.18 billion from the Arab countries. The trade flow reached USD 33.87 billion, with a trade balance surplus of USD 13.49 billion.
The Arab-Brazilian Chamber has announced the balance of the Halal do Brasil project, through which, together with ApexBrasil, it promotes Brazilian halal products in Muslim-majority markets. A total of 124 companies have been supported by the program, and the number of countries reached is increasing.
The International Monetary Fund (IMF) reports that the country has adopted economic measures that foster growth beyond the oil sector.
The company signed an agreement for land reservation with the Royal Commission for Jubail and Yanbu. The project aims to establish a mega hub in the industrial city of Ras Al Khair.
