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Brazil’s Foreign Minister Mauro Vieira attended a meeting of the Gulf Cooperation Council in Riyadh on Monday (9). According to the ministry, political dialogue and economic relations with the bloc are priorities in President Lula’s foreign policy.

Brazilian Foreign Minister Mauro Vieira met with Omani ministers in Muscat on Sunday (8), marking the 50th anniversary of diplomatic relations between the two countries. Investments, energy, agriculture, and COP30 were among the topics discussed in the meetings.

Last year, the Saudi economy was boosted by private consumption and non-oil investment. According to the IMF, the country is making progress in its diversification efforts. Non-oil GDP is expected to grow by 3.5% in 2024.

According to Brazil’s Foreign Affairs Ministry, negotiations with the UAE for a free trade agreement have been ongoing regularly since they were launched and were addressed at the Mercosur foreign ministers’ meeting in Montevideo within the broader context of the bloc’s extra-regional agenda.

Market Securities, a global wholesale broker with a branch office in Dubai, is structuring funds to facilitate investments from Arabs in Brazil’s agribusiness sector and from Brazilians in the UAE’s real estate sector. A Brazilian executive is leading its Special Projects division.

The Brazilian Ministry of Foreign Affairs issued a statement on Thursday (29) welcoming the renewal of the U.N. Interim Force in Lebanon (UNIFIL) mandate. Brazil has previously led the UNIFIL Maritime Task Force and currently has some military personnel operating in the country.