At the bloc’s summit, the Gulf nation’s minister said negotiations are continuing toward a comprehensive agreement.
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Petrobras’ Nitrogen Fertilizer Plant III (UFN-III), located in Três Lagoas in Mato Grosso do Sul state, will receive USD 1 billion to complete its construction.
The country has signed agreements with the OPEC Fund for two projects: one aimed at protecting the most vulnerable groups in the country, and another focused on climate-resilient infrastructure, food security, and the rural value chain.
Iraq’s Ministry of Oil announced plans to restore production and exports to pre-war levels, giving priority to shipments through the country’s southern ports.
The Brazilian brand brings scrubs, oils, and soaps inspired by the Mediterranean and Arab worlds to the market. The company was founded by Daniela Sucar Dib, of Syrian and Lebanese descent, based on memories from her travels.
The United States and Iran said they had reached an agreement to halt hostilities and reopen the Strait of Hormuz. Markets reacted positively to the announcement.
The institution says economic activity in the Middle East and North Africa will be affected by regional conflict. Growth is expected to slow from the 4% projected for 2025.
Data from Brazil’s Ministry of Development, Industry, Trade and Services show a 0.7% increase in exports and a 21.5% decline in imports compared to the same period in 2025.
A survey by Visa highlights the growing use of artificial intelligence in purchases made by consumers in the UAE. Among respondents, 93% said the technology makes shopping faster and easier.
Natura is developing products that combine consumer trends with ingredients from Brazil’s biodiversity. One of its most recent launches was developed in Dubai.
An International Monetary Fund mission concluded that the country is managing the challenges posed by the international environment but needs to put its debt on a downward trajectory.
At an African Development Bank meeting, Mauritania’s Minister of Economy and Finance, Abdallahi Ould Mohameden, said the country has been making efforts to attract private investment.
The expansion refers to the first three months of 2026. Compared to the same period a year earlier, the economy grew 1.8%, according to the government statistics agency.
Sales from the Arab country, concentrated in fertilizers, grew more than 500% between January and April. Exports ended the period down 8%.
