Exports from Brazil to the region were up nearly 40% year-to-date through November, with sales to the biggest markets increasing.
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Businessman Obad Alzahrani was nominated Arab director of the organization as a representative of the Council of Saudi Chambers. He’s currently in Brazil and intends to study business opportunities.
The Arab country, which had been the biggest buyer for eight years on end, saw China overtake it this year.
Beef exports from Brazil are set to end the year 13% higher than 2018 at a record-breaking USD 7.5 billion as per industry association Abiec estimates.
The country’s budget announced this Monday predicts a revenue of USD 222 billion and a deficit of USD 50 billion.
Last November, the ton of beef from Brazil was sold for 21.6% more than a year ago. Specialists explain how sales to the Chinese may impact other markets, such as the Arabs.
The Saudi Arabian state-run oil company’s initial public offering outdid that of China’s Alibaba. At an estimated market value of USD 1.7 trillion, Aramco is worth more than Apple.
The Arab Brazilian Chamber and defense industry association Abimde are hosting a seminar next Tuesday (10) in São Paulo to discuss, with companies and other entities, how to take advantage of the doors that have been opened by the president’s trip to Arab countries in October.
The bloc’s Summit will take place in Riyadh, the Arab country’s capital, in November 2020.
Tereza Cristina of Brazil joined diplomats for lunch at the Embassy of Kuwait in Brasília. Arab Brazilian Chamber of Commerce president Rubens Hannun and International Relations vice president Osmar Chohfi were also in attendance.
Increase of the women’s participation in the labor force is a clear sign of this change process, so is the bloom of leisure and entertainment events in public areas.
Two races for the competition for electric cars will take place on the 22nd and 23rd in the historic city of Diriyah, outside the capital Riyadh. Brazilian racers Felipe Massa and Lucas Di Grassi are part of the grid.
The Arab Entrepreneurship Rally winners were announced during the Arab Businessmen and Investors Conference in Manama, Bahrain.
The newly-accredited companies will be allowed to ship beef to the Arab country. The announcement was made by Brazil’s Agriculture minister Tereza Cristina.
