Brazilian government received messages of solidarity from 60 countries and donations from various nations, including the United Arab Emirates. First relief plane from the Arab country landed last weekend.
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IMF report says the foreign demand for real estate, international ties and the Arab country’s safe haven status drive rapid growth in house prices and an increase in rents.
Volume of shipments increased year on year, meatpacker lobby said. Both volume and revenue decreased year to date. The United Arab Emirates and Saudi Arabia are the top Arab destinations.
The 2025 cycle is open for submissions until June. The prize accepts submissions in multiple languages, including Portuguese, and has increased its funds from USD 3.6 million to USD 5.9 million.
Arab countries have offered their solidarity over the tragedy brought about by rainfall in Brazil’s southernmost state of Rio Grande do Sul. Argentina and Uruguay have contributed with equipment and personnel. Portugal, the Vatican, Italy, Benin and other countries have sent their condolences to Brazil, too.
Brazil’s Minister of Environment participated in event in Berlin with the presidents of COP28 and COP29, and climate officials. How to fast-track the enforcement of the Paris Agreement was part of the discussions.
Brazilian tech clothing brand has already exported to the United Arab Emirates, Morocco, and Saudi Arabia, and plans on reaching more markets in the region. Quick-drying, sweat-absorbing and temperature-regulating apparel are designed for hotter countries.
Non-oil foreign trade through the emirate grew during 2023 compared to 2022.
Following 15 years in Kuwait, a local partner is expanding his operation in the Arab world. A second branch store will open in the UAE later this year.
Abu Dhabi-headquartered defense firm EDGE Group has investments in the Latin American country as well as partnerships with its government’s agencies.
Revenue from the industry in February also posted a decline compared to the same period a year earlier, ABIMAQ reported. Benchmark interest rate is still high, the industry says.
An investment of USD 500 million was committed towards a terminal for grains and fertilizers. Construction is expected to span 30 months, pending government approvals.
Arab-Brazilian Chamber of Commerce President Osmar Chohfi is part of the business delegation that have appointments in Saudi Arabia and the United Arab Emirates from March 3 to 8. Mission is focused on investments and business opportunities.
The resurgence of tourism and the hosting of conferences towards the end of the year bolstered the growth. Passenger traffic is projected to reach 140 million by 2024.
