#Brazil

Mubadala prepares for sale of Brazil’s Porto Sudeste, Mina Gerais iron-ore mines

Mubadala to sale Brazil’s Porto Sudeste, Mina Gerais iron-ore mines

The Abu Dhabi state investor and the trading company completed their acquisition of Porto Sudeste in early 2014

Mubadala-owned Porto Sudeste

Mubadala, Trafigura hire banks to sell Brazil port: Reports

Mubadala and Trafigura are looking to sell the port terminal Porto Sudeste, in Rio de Janeiro state, say reports

Petrobras

Petrobras wrapping up due diligence to buy back refinery from Mubadala, sources say

Brazil’s Mines and Energy Minister Alexandre Silveira said Petrobras will only enter into an agreement if the buyback is “economically viable”

G20 - X

G20 agree to work on Brazil’s ‘billionaire tax’ idea

The “billionaire tax” would be aimed at the world’s richest individuals such as Tesla owner Elon Musk

MUBADALA partners with SAILGP

Sailing-Brazil joins SailGP with backing from Abu Dhabi’s Mubadala

Brazil will start racing from the beginning of SailGP’s fifth season, which is due to begin in November

Mubadala increase investments

Mubadala-backed Zamp to buy Starbucks brand rights, stores in Brazil

Zamp said the deal requires approval from Brazil’s antitrust watchdog CADE and the court overseeing SouthRock’s bankruptcy

Mubadala invests in Avanse

UAE’s Mubadala Capital plans $13.5bn biofuels investment in Brazil: FT

Mubadala’s asset management arm is expanding its presence in Brazil, venturing into sectors such as transportation infrastructure, education, and fast-food franchises

COP 28-DR-SULTAN-AL-JABER-UAE

UAE launches climate ‘troika’ with future COP presidencies Azerbaijan, Brazil

Past and future UN climate conference hosts the UAE, Azerbaijan and Brazil announced a “troika” with an aim to keep the goal of limiting global warming to 1.5 degrees Celsius, alive

Mubadala Capital and Petrobas sign Mou on biofuel project Image WAM

Mubadala Capital, Petrobras to collaborate on biofuel project in Brazil

Petrobras is looking at investing in a biofuel project currently being developed by Mubadala Capital in the State of Bahia, Brazil

BRICS SUMMIT-SOUTH AFRICA

UAE, Saudi Arabia to join BRICS; President Sheikh Mohamed welcomes membership

The BRICS grouping has announced an expansion in its ranks with six new members, including UAE, Saudi Arabia, Ethiopia and Egypt

Saudi Arabia economic outlook

Saudi Arabia’s oil production cuts to slowdown growth, says IMF outlook

The impact of a slowdown in Saudi Arabia will be felt across the Middle East and Central Asia

DP World picks up momentum on electrification projects at Port of Santos, Brazil Image DP World

DP World picks up momentum on electrification projects at Port of Santos, Brazil

A total of 22 diesel-fuelled rubber tyred gantry container handling cranes units will be electrified by the end of next year, with an investment over $16.2m

Mubadala to invest in Brazil

Mubadala commits to invest $2.5bn in clean fuel in Brazil

The investment will be made through the company’s Acelen unit in Brazil and the company expects to start production in the first quarter of 2026

UAE and Brazil Presidents

UAE President receives President Lula of Brazil

The UAE is one of Brazil’s largest trading partners and President Lula’s visit is expected to boost bilateral relations between the two countries

EDGE weapons on display

UAE’s EDGE expands global footprint with Brazil office

The new office will be managed by a dedicated and experienced team of professionals from within the defence industry and local business ecosystems

Pele dies at 82

Soccer legend Pele dies at 82

Pele, who was undergoing treatment for cancer since 2021, died at a hospital in Sao Paulo

QatarEnergy wins working interest in Brazil's offshore exploration block

QatarEnergy wins working interest in Brazil’s offshore exploration block

The acquisition is expected to close in the first half of 2023

World Cup fans on pace for record spending at tournament venues

Fans who were present to watch Saudi Arabia take on Mexico on November 30 spent the most overall

Abdul Latif Jameel Energy’s FRV to power 400,000 homes in Brazil via new solar farm

The project will contribute to the diversification of the local economy and will be a source of investment for the region

FIFA World Cup ticket sales near 3 million

FIFA World Cup ticket sales near 3 million with over a month to go

Demand has been highest among fans based in Qatar, the US, Saudi Arabia, England, Mexico, the UAE, Argentina, France, Brazil, and Germany

dnata extends partnership with GOL in Brazil

UAE’s dnata extends partnership with Brazil’s GOL Airlines

dnata Brazil currently serves more than 15 airlines at 29 airports with a team of 5,000 local aviation professionals

Brazil

UAE’s Mubadala Capital raises $322m in first investment fund in Brazil

Mubadala Capital manages over $10bn of assets in third-party managed funds across its Brazil, private equity, public equities and venture capital businesses

Brazil UAE

The role of SMEs in boosting the trade relationship between Brazil and the UAE

Small businesses account for 99 per cent of all enterprises in Brazil and 95 per cent of private sector companies in the UAE

Saudi Arabia lifts suspension of flights from six countries

GACA affirmed the commitment to the implementation of all precautionary and preventive measures adopted in Saudi Arabia

Expo 2020 Dubai pavilions: Uzbekistan, US, Spain, Finland, UK, Oman, Sri Lanka, Brazil

Here’s a list of eight participating country pavilions and their offerings

Brazil, UAE can collaborate on vaccines for future pandemics: Brazilian Minister

Brazil will develop vaccines for diseases such as dengue, chikungunya and yellow fever, which are prevalent in tropical countries

Your instant coffee may soon be at risk from Suez blockage

About 12 per cent of global trade goes through the Suez

Dubai’s World Logistics Passport initiative expands network

India, Indonesia, Thailand, Brazil, Colombia, South Africa and others have joined the initiative in the past 12 months

Saudi Arabia flights

Saudi Arabia indefinitely suspends flights from India, Brazil and Argentina

Entry will also be denied to individuals who have been in either of these countries 14 days prior to their arrival in the kingdom

Kuwait Airways

Kuwait issues guidelines to permit entry of people from banned countries

Last week, the cabinet agreed to resume flights from Kuwait International Airport in three phases