Business

Saudi Delegation Strengthens Economic Ties With South Africa Through Key Initiatives and Investments

Saudi Minister of Commerce, Majid bin Abdullah Al-Qasabi, emphasised Saudi Arabia’s dedication to enhancing trade and…

Saudi Arabia Plans To Invest US$5 Billion In Egypt To Strengthen Economic Ties

During a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh, Saudi Crown Prince Mohammed…

8th Conference Of Chinese And African Entrepreneurs Held In Beijing

African Times has published this article in partnership with Xinhua News Agency

UAE To Increase Foreign Trade To US$108.9 Billion By 2031

UAE’s foreign trade volume aimed at nearly US$1,09 trillion, and non-oil exports grew by 25…

Iranian And Russian Automobile Manufacturers Meet To Explore Cooperation

Iranian and Russian automobile and parts manufacturers met at MIMS Automobility Moscow 2024 to discuss ways to strengthen cooperation. The export of Iranian automobile spare parts to Russia has faced a 450 per cent increase in the past years. This is reported by  Mehr News Agency, a partner of TV BRICS. The Iranian delegation, led by Deputy Minister of Industry, Mining, and Trade Farshad Moghimi, and Russian automotive industry representatives exchanged ideas on how to promote trade, including how Iranian…

Nigerian High Commission Calls For Improved Nigeria-SA Trade Relations 

The Nigerian High Commission in South Africa has called for an improved regulatory framework and a visa regime to “scale up” trade and other relations between the two countries and their citizens.  Ambassador Alexander Temitope Ajayi, the Acting Nigerian High Commissioner to South Africa, has urged the business community and ordinary people in both countries to collaborate, exchange knowledge and explore mutually beneficial opportunities.  Ambassador Ajayi has insisted that Africa would benefit greatly from stronger economic ties between its two…

Iran Increases Exports Of Persian Handmade Carpets

Iran’s National Centre for Creative Industries and Carpets reported a significant increase in the production of hand-woven carpets in the first four months of the current Persian year (started in Iran on March 20). This growth was accompanied by an increase in exports. This is reported by IRNA, a partner of TV BRICS. A total of 1.35 million square meters of hand-woven carpets were produced across the country, a significant increase compared to the same period last year. The acting…

Brazil’s Coffee Export Is On The Rise

Exports of green coffee from Brazil totalled 3.39 million 60-kilogramme bags in July, an increase of 25.7 per cent compared with the same month last year. Shipments of canefol coffee were up 82.2 per cent year-on-year in July. This is reported by Brasil 247, a partner of TV BRICS. Exports of Arabica beans rose 13 per cent to 2.49 million bags, instant coffee rose 26 per cent to 376,524 bags and roasted and ground coffee rose 5,552 bags, up 47…

UAE Real Estate Sector Continues To Develop And Attract Investment In First Half Of 2024

Leading property companies in the UAE have launched many major projects since the beginning of the year, offering a variety of investment opportunities for investors and those wishing to live and work in the country. This is reported by Emirates News Agency (WAM), a partner of TV BRICS. Experts expect the UAE property market to maintain its upward trend in 2024, with new projects from the government and private sector covering various property and infrastructure segments. Several residential and commercial…

Harmonious Integration Of Newcomer Countries Into Agenda Of BRICS Business Council Is Main Challenge Of Current Year

Sergey Katyrin, President of the Russian Chamber of Commerce and Industry, who attended the Annual Investment Congress (AIM Congress 2024) in the capital of the UAE, spoke in an exclusive interview with TV BRICS about the work of the BRICS Business Council, which he chairs. He explained what priorities the structure has in view of Russia’s chairmanship in the association this year. What priorities are guiding the BRICS Business Council this year in view of Russia’s presidency? Are there any…

China’s Trade Turnover With Other BRICS Countries Grew Significantly In First Quarter

China’s trade turnover with other BRICS countries rose 11 per cent year-on-year to 1.49 trillion yuan (US$205,7 billion) in Q1 2024. It accounted for 14.7 per cent of China’s total foreign trade during the period, according to the country’s General Administration of Customs (GAC). This is reported by China Daily, a partner of TV BRICS. As for statistics on individual BRICS countries, China’s exports to and imports from Brazil rose 25.7 per cent and 30.1 per cent respectively in the…

VR Technologies In Automotive Industry In South Africa

In recent years, virtual reality has become an indispensable tool for many industries, and the automotive industry is no exception. Virtual reality lessons for automotive organisations provide indispensable assistance in improving the design, production and maintenance processes of vehicles. One of the most important benefits of using virtual reality in the automotive industry is the ability to create 3D models of vehicles and their components, allowing engineers and designers to easily interact with and see objects in real time. This…

Tunisian Companies Gain New Opportunities In The Niger Market

Tunisian companies were encouraged to take advantage of the opportunities offered by the Niger market, especially in key sectors such as agriculture, energy, water, healthcare, and real estate. This was reported by Tunis Afrique Presse, a partner of TV BRICS. Speaking at the Niger-Tunisia Business Forum held in Niamey on May 6, Jamel Ksibi, president of the National Federation of Construction and Public Works Contractors, part of the Tunisian Confederation of Industry, Trade, and Handicrafts (UTICA), expressed the desire of…

Brazil Authorises Construction Of 38 New Meat Processing Plants To Increase Exports To China

In Campo Grande, Brazilian President Luiz Inacio Lula da Silva personally attended the shipment of the first batch of meat products to China from the newly opened plants. This important event is part of the federal government’s strategy to expand international trade and increase export opportunities. Since the start of 2023, Brazil has been actively working to open new markets and expand trade channels. As a result of the efforts, the country has opened 105 new markets in 50 countries…

African Times