The congressman participated in a lunch last Tuesday (15) at the residence of Kuwait’s ambassador to Brasília, Nasser Riden Almotairi.
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Fund predicts that global GDP will grow by 3% this year and 3.4% in 2020. Brazil and Saudi Arabia may see a recovery next year.
Foreign Trade, Port Management and Logistics Symposium at Univali in Itajaí, Santa Catarina will feature a lecture by the Arab Chamber on the 17th. Entrance is free.
Brazil’s president is slated to travel to the UAE, Qatar and Saudi Arabia from October 25 to 31. The Ministry of Foreign Affairs said the trip is intended to publicize investment opportunities in Brazil and foster exports.
The Brazilian food company is looking into processing product locally in the Arab country, where 60% of the poultry consumed is industrialized. Saudi Arabia is currently not purchasing product processed by BRF in its UAE facilities.
An Arab Brazilian Chamber of Commerce event will explore an industry that grows 5% per year and is deemed strategic by the Arab country’s government, with an expected USD 71 billion in investment through 2020.
Poultry exports from Brazil dropped 28% to Saudis and 8% to the United Arab Emirates last September. But sales to Egypt and Bahrain soared.
Ernesto Araújo had meetings with the secretary-general of the Arab League and with Kuwaiti, Saudi Arabian and Lebanese ministers.
Six of the region’s economies are among the top 20 improvers in the World Bank’s ease of doing business list: Bahrain, Djibouti, Jordan, Kuwait, Qatar and Saudi Arabia.
Price index recorded a year-on-year 1.1% decrease.
President Jair Bolsonaro will travel to Saudi Arabia and the United Arab Emirates, as well as China, from October 24 to 30, according to Apex-Brasil. The agency invites Brazilian businesspeople to join the business meetings that will occur in parallel to the visits.
Brazil’s Agriculture minister Tereza Cristina agreed on inspection by Saudi authorities that may lead to a resumption of sales from units that have been off the list since January. She also went over the last details before Brazilian beef sales to Kuwait begin anew.
An executive with the Saudi investment company said he’s ready to step up investments in Brazil, possibly in agribusiness, soy and corn. He spoke with ANBA after a seminar attended by minister Tereza Cristina in Riyadh.
The secretary-general of the Council of Arab Chambers believes companies in Brazil and Saudi Arabia must work in closer connection as their governments build tighter relations.
