The Arab country increased its purchases of fertile eggs and one-day-old chicks from Brazil by 1,727%, according to Brazilian poultry lobby.
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The Saudi Arabia Social Development Bank received an award at a finance forum in São Paulo for its funding of female entrepreneurship.
The Arab Monetary Fund bulletin shows the value of the stock markets in Arab countries at the end of August. The Saudi stock exchange recorded the highest capitalization, followed by Abu Dhabi’s.
The Saudi Embassy hosted an event in Brasília to commemorate the 94th anniversary of the country and its diplomatic relationship with Brazil. The two countries have a strong trade relationship and growing reciprocal investments.
Brazil is becoming an increasingly important supplier in the Arab beauty market, particularly with hair care products. The region is supplied by companies such as Floractive, specializing in hair treatments, and Terra Fértil, offering hair straighteners and dryers. Light Hair aims to enter the market, too.
King Abdulaziz City for Science and Technology (KACST) is looking for young companies in the technology, sustainability, and space sectors to develop research in labs in Saudi Arabia.
After meeting with ministers and signing a memorandum with the Gulf Cooperation Council, Brazilian Foreign Minister Mauro Vieira says a new phase of high-level political dialogue with the region has begun. In an exclusive interview with ANBA, Mauro Vieira said that Brazil has an enviable political position in the Gulf.
Saudi Arabia is the fourth leading destination of chicken produced in Brazil. Shipments to Arab countries and elsewhere were lower, though.
Last year, the Saudi economy was boosted by private consumption and non-oil investment. According to the IMF, the country is making progress in its diversification efforts. Non-oil GDP is expected to grow by 3.5% in 2024.
A representative from the King Salman Global Academy for Arabic in Saudi Arabia exchanged experiences on education during a meeting at Brazil’s Ministry of Education.
This is the second time this year that the Arab country authorizes the purchase of new products from Brazil, as Saudi imports of vegetable seeds were cleared in March.
Brazilian micro and small businesses are growing as exporters and bringing positive results to the country by selling higher-value products and boosting the economy. Aidu, with its food-grade aerosol, and Açaí Town are two successful ventures in the international market.
Bahrain’s imports increased in July, and so did re-exports, in which a country exports goods that were previously imported. Top re-exports were private cars, gold ingots, and smartphones, according to a non-oil trade report.
Brazilian coach Lindsay Camila takes on the challenge of leading the Al Ittihad women’s team. In an interview with ANBA, she said one of her goals is contributing to professionalize the sport in the country.
