Search Site

Trends banner

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Toyota to invest US$2.2bn in Brazil

Toyota's competitors have also recently announced major investments in Latin America's biggest economy. AFP
  • The automaker will make two "flex hybrid" models in Brazil -- using either petrol or ethanol as well as batteries -- creating around 2,000 jobs
  • Japan's automakers, in spite of the boom in electric cars, have relied on hybrid vehicles that combine internal combustion engines and batteries

Tokyo, Japan–Japanese auto giant Toyota said Wednesday that it plans to invest 11 billion reais ($2.2 billion) in beefing up production of hybrid vehicles in Brazil through 2030.

Despite the boom in electric cars, Japan’s automakers have long banked on hybrid vehicles that combine internal combustion engines and batteries.

Toyota plans to make two “flex hybrid” models in Brazil — using either petrol or ethanol as well as batteries — creating around 2,000 jobs, a statement said.

Dressed in traditional Japanese garb, Brazilian Vice President Geraldo Alckmin posted a thank you message on social media platform X that featured Mount Fuji and Japanese characters from Pokemon and manga comics.

“Another important step in the Brazilian economy. Private companies are back investing in Brazil’s future,” President Luiz Inacio Lula da Silva added on X.

Toyota’s competitors have also recently announced major investments in Latin America’s biggest economy including General Motors, Volkswagen and South Korea’s Hyundai.