Musaab Al Mulla, vice president of energy and economic insights at Saudi Aramco, outlined at the B20 Summit in São Paulo how the company intends to achieve its planned reduction of greenhouse gas emissions. Increased efficiency in energy generation and emissions offsetting are part of the strategy.
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Saudi Arabia has opened its market for Brazilian cotton, including raw cotton, cottonseed, and cotton waste. Brazil has become the largest exporter of cotton in the world this year.
Vipal manufactures tire retreading materials, with various nations in the Middle East and North Africa as key markets for its sales.
The Brazilian government announced that Saudi Arabia has authorized exports of these two new products from the national agribusiness, in the wake of two other market openings this year.
The Arab-Brazilian Chamber held a meeting between female leaders from Brazil and members of a Saudi delegation in São Paulo for the B20 Summit. The group shared experiences in business.
The UN COP30 climate summit will be held in Belém, Pará state, in 2025. During a visit to the United Arab Emirates and Saudi Arabia, executives from the Arab-Brazilian Chamber discussed partnerships.
Saudi-led Middle East Green Initiative expanded as 11 new members signed up, including Algeria and Lebanon, as well as the United Kingdom as an observer. The goal is to cooperate regionally in combating climate change.
Brazil’s year-to-date exports to the Middle East and North Africa grossed USD 17.7 billion through September, up 25% from the same period last year. The performance is on track for a new record.
Saudi Arabia’s region hosts mining complexes but still has potential in the sector, according to a Ministry of Industry and Mineral Resources’ spokesman.
The Brazilian Confederation of Agriculture and Livestock (CNA) sent a delegation to the Gulf Green fair in the United Arab Emirates. Businesspeople attended B2Bs, meetings, and seminars. CNA executives proceeded to Saudi Arabia.
The Arab country increased its purchases of fertile eggs and one-day-old chicks from Brazil by 1,727%, according to Brazilian poultry lobby.
The Saudi Arabia Social Development Bank received an award at a finance forum in São Paulo for its funding of female entrepreneurship.
The Arab Monetary Fund bulletin shows the value of the stock markets in Arab countries at the end of August. The Saudi stock exchange recorded the highest capitalization, followed by Abu Dhabi’s.
The Saudi Embassy hosted an event in Brasília to commemorate the 94th anniversary of the country and its diplomatic relationship with Brazil. The two countries have a strong trade relationship and growing reciprocal investments.
