Seven Brazilian investors are studying the establishment of a logistics zone in the Suez Canal Economic Zone (SCZone), with plans to announce further details in 2025.

Trade exchange between Egypt and Brazil fell by 18% year on year (YoY) in the 2023 to $3.4 billion, compared to $4.2 billion.

The General Authority for Suez Canal Economic Zone’s (SCZONE) Chairman Waleid Gamal Eldien has met with the Brazilian Ambassador to Cairo Paulino Carvalho Neto to discuss potential cooperation opportunities between the SCZONE and Brazil.

Egypt Healthcare Authority’s (EHA) head has probed with the Brazilian Ambassador to Cairo Paulino Franco de Carvalho Neto bolstering cooperation in the fields of healthcare.

The price of sugar in Egypt jumped by around 26% in a month to reach EGP 24,000 per ton, compared to EGP 19,000 at the beginning of July, Hassan Al-Fendi, head of the Sugar Division at the Federation of Egyptian Industries (FEI), said.

Orascom Investment Holding (OIH) received an acquisition offer for it 100%-owned assets in Brazil.

The United Nations has chosen Brazil’s Amazonian city of Belem as the host of the COP30 climate change summit in 2025.