Over the millennia, frankincense has been a symbol of Arab countries like Oman and an economic mainstay of farmers in Somalia and Sudan. The sap is the raw material of incense, but its trees are endangered due to the overexploitation.
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The office of the Arab Brazilian Chamber of Commerce in Dubai organized a business trip to Oman earlier this week on the occasion of the Bicentennial of the Independence of Brazil. Executives say the Arab country is a market full of opportunities.
The Brazilian embassies to Cairo and Muscat celebrated the bicentennial of Brazilian independence this Wednesday (7). Celebrations ranged from food to music.
The port received smart cranes to transfer containers from ships to docks. This was the second phase of the modernization work, 86% completed.
Plant milk is an untapped sector in the Arab region, says businesswoman Maria Eduarda Becker, who owns a specialty coffee brand in Dubai. The market is expected to reach the value of USD 123.20 billion by 2029, a survey says.
The potential for a more strategic relationship is significant, emphasized Khaled Hanafy, secretary-general of the Union of Arab Chambers at the Economic Forum Brazil & Arab Countries. In a panel, executives from the Chambers of Oman, Bahrain, and Jordan spoke on the future of this connection.
Projects aim to increase wind and solar energy capacity in the Middle East and North Africa from 12.1 to 73 GW by 2030. Oman, Morocco, Algeria and Kuwait have some of the most ambitious plans.
An IMF report points out that the Arab country is seeing an economic recovery due to policy actions to mitigate the impact of the pandemic and support households, as well as increased hydrocarbon prices.
Dr. Nawal Khamis Al Mezeini won one of the categories of Oman’s National Research Award. The investigator pointed out how to achieve a more sustainable production in the Arab country.
The Gulf country will hold the event from March 13 to 17. It aims to unite entrepreneurs and institutions to present Oman as a new role model of sustainable development.
The Arab country purchased 59% of exports from Brazil year to date through November. Qatar, Oman and Saudi Arabia also stood out.
From January to November 2021, Brazilian poultry protein exports revenue increased 25%. Luis Rua, from ABPA, explains the performance in purchases by the UAE, Saudi Arabia, and Yemen in the period.
The country supports planting date palms, invests in solar power, conducts new real estate and tourism projects, and recently issued treasury bonds. Today, November 18, is the National Date of Oman; learn more about the developing economic endeavors of this Arab country in the Gulf.
The Arab Brazilian Chamber of Commerce president, Osmar Chohfi, visited the Oman Chamber of Commerce and Industry and met with the country’s undersecretary for Trade and Investment, Hasila Al-Samsamia.
