Negative current balance stood at USD 2.1 billion in November and USD 45 billion year-to-date. But foreign direct investment made up for it.
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Memorandum of understanding signed last Thursday allows for research to develop a light military transport. Goal is also meeting current global demands.
In an article on the Saudi Gazette daily, Rubens Hannun argues that Brazil’s trade relations with the region have grown stronger in the wake of Jair Bolsonaro’s visit.
Estimate for Brazilian economic growth this year was increased from 0.9% to 1.2% after Q3 results.
The amount of newly established companies climbed 30.8% year-on-year in October.
The company launched its second Festival-branded venture, named Festival Plaza, with plans to see 10,000 shoppers a day. At least three more malls are slated to open in Dubai in the months ahead.
Sidnei Santos established Total Design Art two years ago. He sells furnishing and décor items built from throwaway car, yacht, airplane and motorcycle parts.
Mariam Al-Aqeel is the first woman in the position ever in the region. She’s also chair of the Kuwait Investment Authority (KIA).
July through November – the first five months of the 2019/2020 crop season – saw 535,714 tonnes shipped abroad.
United Arab Emirates national railway network operator Etihad Rail approved a USD 1.25 billion deal tasking a joint venture formed by Chinese and local companies with construction.
Brazilian company that exports to the Arab countries acquired Nakata Automotiva, which manufactures and sells components for light and heavy vehicles and motorcycles.
Supreme judge and the president’s advisor on Religious Affairs and Islamic Relations Mahmoud Al-Habbash attended the 32nd International Conference for Muslims of Latin America & the Caribbean.
Three Brazilian scholars organized the work with 33 analyses on the World Trade Organization’s dispute settlement system. One of the organizers, Luciana M. de Oliveira Sá Pires lives in the UAE, where the book will be launched in 2020.
Exports from Brazil to the region were up nearly 40% year-to-date through November, with sales to the biggest markets increasing.
