The Saudi Arabian state-run oil company’s initial public offering outdid that of China’s Alibaba. At an estimated market value of USD 1.7 trillion, Aramco is worth more than Apple.
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The bloc’s Summit will take place in Riyadh, the Arab country’s capital, in November 2020.
Tereza Cristina of Brazil joined diplomats for lunch at the Embassy of Kuwait in Brasília. Arab Brazilian Chamber of Commerce president Rubens Hannun and International Relations vice president Osmar Chohfi were also in attendance.
Increase of the women’s participation in the labor force is a clear sign of this change process, so is the bloom of leisure and entertainment events in public areas.
Two races for the competition for electric cars will take place on the 22nd and 23rd in the historic city of Diriyah, outside the capital Riyadh. Brazilian racers Felipe Massa and Lucas Di Grassi are part of the grid.
The Arab Entrepreneurship Rally winners were announced during the Arab Businessmen and Investors Conference in Manama, Bahrain.
The newly-accredited companies will be allowed to ship beef to the Arab country. The announcement was made by Brazil’s Agriculture minister Tereza Cristina.
Saudi state-owned oil company IPO received approval by the financial regulatory authority and is set to run next December in what’s expected to be the biggest share sale in history.
The 2.6-meter-high dancing character has performed in Riyadh and Jeddah, Saudi Arabia, as well as Dubai, UAE.
The pre-budget statement made public by the minister of Finance works with an estimated 10% drop in revenue in 2020 from 2019. A wider deficit is expected.
The president said the country surpassed his expectations and underscored his good relations with crown prince Mohammed Bin Salman.
The announcement came in the wake of a meeting between president Jair Bolsonaro and Saudi Arabian crown prince Mohammed Bin Salman.
President Jair Bolsonaro said discussions with authorities in the Arab country concerned mostly the defense industry, but also food security.
The deal was entered into during president Jair Bolsonaro’s trip to Doha. Food security and soccer were also on the agenda.
