In a seminar at the Arab Brazilian Chamber headquarters, a representative of the Brazilian bank spoke about the Riyadh office’s activities and attracting Arab investment to Brazil and Latin America.
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Brazil issued a statement on Wednesday welcoming the signing of the agreement for resuming diplomatic relations between the two countries and applauding the role played by China, Oman and Iraq in helping reach the agreement.
Kaly syrup and Meridiano coffee are Brazilian brands that have won costumers in the Arab region. The companies’ sale executives talked about how they entered and grew in the market.
The 46% net income growth in 2022 was due to surging oil prices after Russia invaded Ukraine.
Saudi Arabia has included the position of private female driver in its online platform for recruiting domestic workers. The new feature represents progress for the country.
Brazilian footwear exporters chose countries to promote their products over the next biennium. Priority markets include the United Arab Emirates, and secondary markets include Saudi Arabia.
A report by capital market company Riyad Capital pointed out that Saudi Arabia’s gross domestic product growth will be driven by increasing investment spending.
Saudi Arabia earned USD 22.8 billion from international oil sales in December. The commodity accounted for 79% of the country’s exports.
This Monday (13), Frederico Trajano participated in an event held by the Public Investment Fund (PIF), Saudi Arabia’s sovereign fund.
Revenue grew 39% compared to January 2022. China, Japan, Saudi Arabia, South Africa, and the European Union were some of the leading destinations.
The reconstruction is displayed for the public in the visitor’s center at the Hegra historical site in AlUla.
The Saudi Ports Authority announced a shipping line connecting Jubail Commercial Port with six international ports.
Saudi Arabia led the growth, which was also seen in Africa. At the global level, there was a drop in the number of hotel rooms under construction, according to the report.
Sold for higher prices, agricultural commodities accounted for 71% of the trade with the Arab countries in 2022. Sugar, poultry and iron ore were the leading items sold to the bloc.
