Growth in the second quarter was recorded compared with the same period in 2025. The oil sector contracted 24.7%.
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Collaboration with Dubai-based Montage Production expands Brazilian company BIG Studios’ presence in the Middle East and strengthens its international expansion strategy.
The International Monetary Fund expects Saudi Arabia’s economy to expand despite the conflict in the Middle East, with oil export revenues supported by higher crude prices.
State-run oil firm Petrobras reported record oil and gas production of 3.34 million barrels of oil equivalent per day in the second quarter. Amid the conflict in the Middle East, the company also increased refinery utilization to boost fuel supplies to the domestic market.
A USD 16 billion deal between Kuwait Oil Company and an international consortium involving a pipeline network is the largest foreign direct investment ever recorded in the country.
Jordan’s export revenue rose 5.8% in the first five months of this year. Exports of raw potash increased 38%, while nitrogen fertilizer exports climbed 15%.
The Brazilian company has announced the sale of its stake in a joint venture providing cancer treatment services in Saudi Arabia. The business was sold for USD 6.5 million.
Brazilian entrepreneur Katya Salomão turned a tradition learned from her maternal grandmother, Maria Issa Salomão, into a brand of flavored olive oils that has won international awards.
In an assessment released Thursday (23), the International Monetary Fund said Brazil’s economy has shown remarkable resilience despite a challenging global environment and is expected to grow 2.4% this year.
As the conflict involving the United States, Israel and Iran threatens tanker traffic through the Strait of Hormuz and the Red Sea, oil prices surged on Thursday (23).
Abra Group, the parent company of Gol, Avianca and Wamos Air, has signed a memorandum of understanding with the UAE’s Etihad Airways to expand air connectivity between Latin America, the Middle East and Asia.
Abu Dhabi fund signs framework agreement with Brazilian company at air show in England to collaborate on areas including research and talent development.
Memorandums of understanding have been signed to advance the construction of a pipeline linking Haditha, Iraq, to Banias, on Syria’s Mediterranean coast, thus creating an alternative route for international oil supplies. The project is expected to be completed within two and a half years.
After three months of decline, Brazilian exports to Arab markets in the Gulf region, where the Middle East conflict is centered, posted a slight increase again in June.
