Latin America received USD 224.6 billion in foreign investment last year. Brazil led the list, with 41% of the total and a 97% growth.
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Jean Paul Prates, CEO of Brazilian oil company Petrobras talked at a seminar held by OPEC in Austria on Wednesday (5) and said state-owned oil companies need support from states for energy transition.
The Brazilian defense company partnered with Sepha to expand into the Saudi market, where Taurus opened an office in 2022.
Ministry forecasts a trade surplus of USD 84.7 billion this year as imports will fall more than exports. Prices of goods Brazil imports like fertilizers, fuels and wheat are declining.
Brazil produced three million barrels of oil a day last year, most coming from pre-salt reserves. The majority of the country’s natural gas also came from pre-salt.
Golf Cooperation Council’s equity markets recorded a positive performance last month, led by the UAE and Saudi Arabia.
This Monday (3), the Brazilian Central Bank released the financial market’s new growth estimate for the country’s GDP, 2.19% for 2023. Last week’s projection was at 2.18%.
Venezuelan ambassador to Cairo, Wilmer Barrientos Fernández, talked to businesspeople from Egypt earlier this week on the changes in his country towards economic diversification. He praised the work of the Arab Brazilian Chamber in favor of Arab-Brazilian relations.
The Brazilian government created the Flex License for export and import authorizations. It can be used for several transactions, saving time and cost.
Brazilian major biofuel company Atvos announced the transfer of USD 1.3 billion of its debt, thus allowing it to leave judicial recovery and pave the way for the investments of Arab fund Mubadala.
The Brazilian company joined the Ishraq Program, which aims to build a qualified workforce for the food and beverage industry among Emirati citizens.
Agency launched the Women and International Business program aimed at taking more women-led companies to the global market. Actions include training, mentorship, B2Bs, and other activities.
Minerva announced an agreement with Nadec, a major food processing player in the Middle East and North Africa, aimed to boost sales in the region.
The e-commerce fashion retailer platform will release YouTube episodes where Arab influencers show attractions in Riyadh, Jeddah, and surrounding cities while showcasing items sold by SHEIN.
