Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Brazil’s InvestSP joins Global Logistics Passport initiative

InvestSP Corporation and the Global Logistics Passport initiative have signed a Memorandum of Understanding or MoU for better shipping and logistics.
  • Members of the Global Logistics Passport Initiative can expect an annual increase in trade of 5-10 percent
  • As merchants benefit from more efficient commodity movements, new trade routes are expected to be opened

Brazil-based InvestSP Corporation and the Global Logistics Passport initiative have signed a Memorandum of Understanding or MoU for better shipping and logistics, local reports have said.

The MoU was signed in the presence of Mahmoud Al Bastaki, President of Dubai Trade and General Manager of the Global Logistics Passport Initiative, and Gustavo Deniz Junquera, Chairman of the Board of InvestSP.

According to this agreement the company will work as coordinator which will help in creating business opportunity from local traders.

Members of the Global Logistics Passport Initiative can expect an annual increase in trade of 5-10 percent, said the local reports.

As merchants benefit from more efficient commodity movements, new trade routes are expected to be opened and new markets be available.

Unlocking recent plans on Green Investment are expected to help Brazil promote green financing in agriculture, transport infrastructure, and renewable energy.

Brazil has also announced plans to reach $5.6 billion in bilateral efforts with the UAE and other countries.