The UAE’s investments in Brazil rose to $5 billion as the Emirates continued to deepen its trade and economic ties with Latin America’s largest economy, Abdulla bin Touq, Minister of Economy, laid bare. The figures were revealed during a visit by Brazilian President Luiz Inacio Lula da Silva to the UAE. “The bilateral relations between the two countries have experienced real development in a variety of political and economic spheres,” Mr bin Touq told state-news agency Wam.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Dubai’s tourism sector boosts robust growth

The economic momentum carried forward from last year and the launch of…

Rupee value keeps shrinking

Karachi: On May 25, the Pakistani rupee dropped to a historic low…

IMF wants Pakistan to meet targets for loan

Islamabad: The International Monetary Fund (IMF) refused to relax its conditions set…

SBP raises basic points by 25

On Monday, SBP has announced a raise in basic points by 25…