A delegation from the northern Brazilian state visited the Arab Brazilian Chamber of Commerce’s international office in Dubai. Business owners are looking to carve out a market for themselves in the emirate.
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FDI inflows in Brazil slid in both August and year-to-date, but it’s still enough to finance the current account deficit.
Brazilian state-owned company will focus its efforts in gas and oil exploration and production, said the company’s president Roberto Castello Branco.
Loans made by Brazil’s state-run BNDES amounted to USD 25 billion in H1. Consultations and approvals declined even more.
In his first time visiting the Arab Chamber, Wellington Dias discussed potential partnerships in clean energy, infrastructure and education. He and the organization also agreed to undertake joint efforts.
