Located in Casablanca, the unit will dismantle end-of-life vehicles and foster the circular economy. The group already operates a similar center in Osasco, Brazil.
Browsing: Economy
At an automakers’ association Anfavea event, Brazil’s president said the country’s automotive industry faces the challenge of competing for markets in Latin America and Africa and should not leave them to parent companies.
The Central Bank has allowed financial institutions and electronic payment companies in the country to work with international payment networks such as Visa and Mastercard in a move to modernize local finances.
Tawazun Council for Defence Enablement signed a deal with the Brazilian planemaker for a firm order of 10 planes and an option to purchase 10 more.
Brazilian meatpacker announced the completion of a partnership with HPDC, owned by a Saudi fund, launching a joint halal products business. The new company is preparing an IPO on the Saudi stock exchange.
CFI Financial Group, founded in Lebanon and now with offices in several cities, will offer access to financial instruments such as fixed income and equities in Brazil.
Country says the move increases flexibility to “respond to market dynamics” and sees a mid-term rise in energy demand.
Exports, however, decline between January and March, according to data from Brazil’s Ministry of Development, Industry, Trade and Services.
Growth refers to the first quarter, when 33.5 million passengers were transported in the country.
Diaverum announced the acquisition of four clinics from the Lund Group in the state of São Paulo. The company now operates 18 medical centers in Brazil.
IZZ Pharma to produce 20 million units of intravenous solutions at a facility in Nizwa as Oman seeks to boost local drug manufacturing.
The government aims to attract investment and technology transfer to the sector through the exploration of seven fields, some with reserves estimated at over 100 million barrels.
Commodity prices drop amid expectations of a return to commercial shipping in the region. Global shipowners show caution regarding the announcement.
Brazil’s footwear imports have nearly doubled in recent years. In the first quarter of this year, purchases of imported products rose 16.9%, with China as the leading supplier, raising concerns within the domestic industry.
