The Arab country recorded a lower price increase in May compared to April. Transport prices have decreased. There was also deflation in clothing and footwear.
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Wearing masks indoors is no longer mandatory. Proof of vaccination or a negative COVID-19 test is no longer required when entering indoor spaces, boarding planes, or using public transportation.
A Brazilian delegation led by the special secretary for Strategic Affairs of the Presidency of the Republic, Flávio Rocha, was received in Saudi Arabia. It completed a trip through nine Arab nations. Investments were the subject of discussions in the last country visited.
For the first time since the beginning of the pandemic, Mecca will host pilgrims from other countries.
According to a report, the Gulf countries will have to increase the number of hospitality professionals by 2026 as tourism booms.
Saudi Arabia’s National Transport and Logistics Strategy aims to increase the contribution of the transport and logistics sector to 10% of the GDP, up from its current rate of 6%.
The cosmetics company founded in Brazil by an Egyptian prepares to return in full force by the end of 2022.
The Brazilian branch of the US-based company expects to import 100,000 tonnes of phosphate from Saudi Arabia this year. The company also buys lesser amounts of sulfur and monoammonium phosphate from the UAE.
With a low supply of fertilizers from Russia and Belarus, Arab countries can be an alternative for some products, such as nitrogen and phosphate. The bloc, however, does not have a substantial potassium production.
The innovation is part of an action carried out by Brazilian Duck, a sectoral project to promote Brazilian products abroad. Tasting is being held during the show in Dubai.
In addition to expanding to new markets, companies have sought to establish points of sale or plants in the Arab countries. Examples of this are BRF and Tropicool, brands participating with the Arab Brazilian Chamber in Gulfood 2022.
According to the Food Export Council, revenue reached USD 4.1 billion last year. The main products exported were rice, grains, onions, garlic, potatoes, vegetables, fruits, citrus, and peanuts.
A consultancy service estimates a significant increase in gaming and e-sports revenue in the Saudi market by 2030.
The government announced the launch of the Boutique Group, which plans to transform palaces of historical significance into ultra-luxury hotels.
