The Arab Monetary Fund bulletin shows the value of the stock markets in Arab countries at the end of August. The Saudi stock exchange recorded the highest capitalization, followed by Abu Dhabi’s.
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Mubadala Capital is the controlling company of ATG, which will manage the venture in Brazil’s Rio de Janeiro. Early trials are planned for later this year.
Coffee was among the top 15 exports from Brazilian agribusiness to the Arab countries in 2022. Of the list, coffee saw the highest price increase, up 88% from 2021.
US currency was up 0.4% this Tuesday and closed at its highest value since December 2nd.
The Saudi Arabian state-run oil company had its initial public offering (IPO) last week. Its market value exceeds that of the world’s five biggest oil companies combined.
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.
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 main index of the São Paulo Stock Exchange closed above 96,000 points this Friday, up 0.78% from the day before.
The United States currency gained 1.48% this Tuesday after sliding for three straight trading days.
The United States currency closed at BRL 4.056 this Wednesday, up 0.46% from Tuesday.
The North American currency rose 0.87% this Wednesday. It’s the highest price since July 5.
The main index of the São Paulo Stock Exchange went up 0.97% this Friday, to 76,594 points.
The North American currency had an appreciation of 0.45% this Wednesday and ended the day at BRL 3.913.
