Home World South America

South America

UAE ranks 19th in FDI confidence index backed by strong investor sentiment

China, Brazil and the UAE were the only three emerging economies that ranked on the index

BRF’s Sadia commits to 1.4 million meals across the GCC amid Covid-19 concerns

The company has set up a Covid-19 Response Fund worth $1m and has collaborated with government entities and charitable associations to assist regional communities

Emirates to operate one-off A380 flight to Sao Paulo

The flight will mark Emirates’ eighth year of operations in Brazil

UAE’s Abraaj raises $191m for Mexico investment

The publicly traded certificates will be used to invest in mid-sized Mexican businesses that have strong growth potential

Saudi king, Venezuela president discuss oil price recovery, OPEC

Venezuela’s government is pushing for action to boost low oil prices that have battered its economy

Abraaj sells stake in Condor Travels to Abu Dhabi-backed Carlyle Group

The company did not disclose the size of the stake that was sold or the value of the deal

Qatar’s Hassad Food Eyes Brazilian Sugar, Poultry Assets

Hassad Food, wholly owned by the Qatar Investment Authority, was set up in 2008 to boost the Gulf country’s food security.

Venezuela’s Maduro Seeks Support From Saudi Arabia On Oil Prices

Venezuela’s international reserves have deteriorated sharply due to the tumbling oil prices which hit new lows last week below $50 per barrel.

Etihad Seals Codeshare With Brazilian Airline Gol

Deal provides Abu Dhabi carrier with access to Gol’s domestic network as well 14 destinations across Latin America

GCC Visitors Spend $500,000 On First 4 Days Of World Cup In Brazil – Visa

The amount represents a five-fold increase compared to the same period (June 12 – June 15) in 2013, said Visa.

Five Minutes With… Alvaro Silva-Santisteban F, Director, Peru Trade Office – UAE

Peru hopes to double trade with the UAE this year, according to the head of the Trade, Tourism and Investment Office of Peru in the UAE.

IATA Cuts 2014 Global Airline Profit Forecast To $18.7bn

Higher oil prices due to tensions in Crimea and economic weakness in Argentina and Brazil are expected to weigh on profits.

Arab States Import Brazilian Coffee Worth $117.6m From Jan-Aug

The South American nation exported 46 tonnes of coffee to the Arab region during the first eight months of 2013.

Brazil And Dubai: A Growing Beauty Connection

Latin beauty firms have found a goldmine export market in Dubai and the Middle East.

Brazil’s Exports To The Middle East Hit $6.5bn In H1 2013

Saudi Arabia was Brazil’s top trading partner in the Middle East during the first half of the year.

Brazil’s EBX, Abu Dhabi Fund Agree On Debt Refinance Deal

The agreement will reportedly cut EBX’s debt with Mubadala by more than 25 per cent to between $1.6 billion and $1.7 billion.

Etihad Expands To South America, Launches Flights To Brazil

The Abu Dhabi carrier will offer non-stop flights to Sao Paolo three times a week.

Brazil Aims To Multiply Investments From UAE

The country is mainly eyeing investments in energy, logistics and infrastructure.

Trade Between Arab Region, Brazil Hits $26bn In 2012

Trade flows between the regions increased by 3.26 per cent in 2012 compared to the previous year.

Peru – UAE Exports Rise Record 35 Per Cent

Food and beverages, mining and construction are among the growth sectors.

Saudi Arabia Bans Brazil Beef Imports

The decision follows Egypt’s ban after fears of mad cow disease case.

Etihad Launches Brazil Flight

The Abu Dhabi-based airline announced that it will operate daily flights to Sao Paulo from June next year.

New Brazilian CEO Is Top Oil Woman

Maria das Gracas Foster will oversee a $225 billion investment proposal to more than double Petroleo Brasileiro’s oil output.

McDonald’s Extends IOC Deal

The fast food giant will continue sponsoring the Olympic Games for another eight years.