Information from Ernst & Young indicates that the outlook is favorable for the banking sector in the Gulf Cooperation Council countries, which are benefiting from local economic diversification efforts.
Browsing: saudi arabia
A Brazilian company was hired by the Royal Commission for Riyadh City (RCRC) to develop environment-focused solutions.
Data from the Saudi Central Bank shows that spending jumped nearly 35% in the Arab country in the week leading up to Ramadan. Families typically prepare for the period and make larger purchases, mainly of food.
Makkah Halal Forum was an opportunity to present halal products made in Brazil, seek business opportunities, and partnerships.
Brazilian Jacqueline Benevides was responsible for decorating a wedding in Saudi Arabia last year with giant flowers. The ceremony served as a showcase for the international expansion of the artist’s work.
The Arab-Brazilian Chamber and ApexBrasil are organizing a business trip to Saudi Arabia aiming to explore the halal market during the period of the Saudi Food Show. Registration is now open.
The Brazilian Minister of Finance discussed his country’s economy during his speech at the IMF conference in Saudi Arabia, where he also held meetings with local ministers to discuss investments, trade, and cooperation.
The finance minister will travel to Saudi Arabia and the UAE on Friday (14) for a schedule that includes meetings with local ministers and participation in an IMF conference.
Exports grew 9.4% compared to the same period in 2024, marking the best result for the month, according to chicken lobby ABPA. China, the United Arab Emirates, and Saudi Arabia were the top three importers.
Saudis imported USD 169 million from the sector last year, an increase of 119.8%. Naval and offshore equipment accounted for the largest volume. Exports to Arab League countries as a whole also grew.
In 2024, Brazil exported USD 23.68 billion and imported USD 10.18 billion from the Arab countries. The trade flow reached USD 33.87 billion, with a trade balance surplus of USD 13.49 billion.
Saudi Arabia has approved the International Veterinary Certificate (IVC), allowing Brazil to export ornamental fish to its market.
The Arab-Brazilian Chamber has announced the balance of the Halal do Brasil project, through which, together with ApexBrasil, it promotes Brazilian halal products in Muslim-majority markets. A total of 124 companies have been supported by the program, and the number of countries reached is increasing.
House price increases in the fourth quarter of 2024 was 3.1%. Overall, the expansion was 3.6%. In capital Riyadh the average price rose by 10.2%.
