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.

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