The state-run oil company signed a contract transferring ownership of areas in Bahia, Brazil to Eagle.
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From March 9 to 11 at São Paulo Expo, the second edition of the food industry show organized by Germany’s Koelnmesse group expects to feature more businesses and to get more visitors. Arab companies dealing in dates, fish, spices, energy drinks, etc. will be there.
Saudi announcement to cut productions and increase oil production made oil prices to plunge, impacting equity markets, which were already oscillating due to fears regarding coronavirus.
Cognisigns is one of five up-and-coming health industry companies that won the TIP Summit 2020 in Abu Dhabi. It’s planning on setting up an office in the emirate.
Arab country announced tender to acquire 1,500 pregnant heifers. Deadline to submit offers is April 29.
The Brazilian food company is cleared to ship as many as 5,000 tons of product per month to the Arab country.
One meeting space in the Embassy of Palestine in Brasília was named ‘Arab Chamber’ in honor of the Chamber’s work for Brazil-Arab countries relations.
The Brazilian state-run oil company is divesting itself of its entire stake in Petrobras Colombia Combustibles, which distributes and sells fuel and lubricants.
The Organization of Oil Exporting Countries suggested its members to reduce output. The goal is maintaining prices in a scenario of lower demand due to the coronavirus.
The disease outbreak has slowed down manufacturing in China, which is expected to reflect on countries it has economic relations with.
Interparliamentary cooperation seeks to strengthen the relations between the Brazilian Congress and the Arab countries and brings together 31 senators and eight congresspeople. Initiative is supported by the Arab Chamber.
Foreign sales of unprocessed and processed poultry from Brazil grew in February. Increased shipments to Libya stood out.
The items the Gulf country purchases from abroad the most are iron ore, aluminum oxide and four-wheel drive automobiles.
Beef shipments in February declined by 6% year-on-year. China reduced purchases.
