UAE Port Operator Begins Ops in Brazil

UAE based logistics company Gulftainer is making its first foray into Latin America with a contract to undertake port operations in Recife Port in Brazil. Operations are set to begin in the second half of this month with an initial investment of $25 million in capital equipment. Gulftainer, which handles containers in Khorfakkan and Port Khalid […]

Latin American – MENA Trade Surges

Trade between Latin America and MENA states is surging despite disruptions caused by the Arab Spring, according to the Financial Times. The trade is focused primarily on commodities at this point with Sovereign wealth funds playing a prominent role. Qatar and Abu Dhabi have been the most active in Latin America, and Brazil’s exports to […]

GCC Investors Urged to Diversify into Brazil

At a conference held in DIFC CEO Raul Silva of Dubai-based United Investment Bank urged GCC investors to diversify into Brazil. Silva commented, ‘Brazil is set to become the world’s fifth largest consumer market in the next decade. When you witness the rising purchasing power of the lower and middle classes in the largest country […]

Brazil Exports to Arab World at Record Levels

Exports from Brazil to the Arab world generated a record US$ 1.824 billion in August, growth of 51% over the same month last year, according to Brazil’s Ministry of Development, Industry and Foreign Trade. Exports to the Emirates, Algeria and Morocco grew by 25% to  US$ 495.5 million. The exports show great demand in the industrial […]

Abu Dhabi Eyes Brazilian Investment

Mubadala, the strategic investment company owned by Abu Dhabi, is now looking at making billions of dollars of investments in Brazil. The firm currently has no investments in BRICS markets (Brazil, Russia, India, China, South Africa), but is now looking to diversify its investment base in emerging markets. The educated Brazilian workforce and its wealth […]