Dubai, UAE -- UAE defense and advanced technology group EDGE has agreed to acquire a 100 percent stake in Brazilian aerospace and engineering company AKAER, expanding its international engineering footprint and strengthening capabilities in unmanned systems and advanced aerospace technologies. The transaction, which remains subject to customary closing conditions and...
AD Ports Group acquires CLI
CLI is Brazilian agri-bulk terminal operator.
Amazon climate deal a ‘win’ for global unity but fossil fuels untouched
Nearly 200 countries approved the deal by consensus after two weeks of exhaustive negotiations on the fringes of the rainforest, with the notable absence of the US as President Donald Trump shunned the talks.COP30 deal under threat as nations clash over fossil fuels
The draft text unveiled by COP30 host Brazil made no mention of "fossil fuels" or the word "roadmap" that President Luiz Inacio Lula da Silva had himself publicly supported.At COP30, nations target the jet set with luxury flight tax
Rooted in the idea that a small elite of premium flyers should pay more for their outsized contribution to global warming, the proposal will likely pit them against the powerful aviation industry.World has ‘the tools’ to unlock $1.3 trillion in climate finance: COP30 report
The 81-page report was released by the heads of last year's COP29 conference in Azerbaijan and the upcoming COP30 gathering in Belem, Brazil, as leaders prepare to meet in the Amazonian city this week.Brazil greenlights oil drilling in Amazon region
President Luiz Inacio Lula da Silva has come under fire from conservationists who argue his oil expansion plans clash with his image as a global leader on climate change.UN summit to tackle ’emergency’ in world’s oceans
Nice, France - A global summit on the dire state of the oceans kicks off Monday in France, with calls to ban bottom trawling and bolster protections for the world's overexploited marine areas. World leaders attending the UN Ocean Conference in Nice have been told to come up with concrete...
How are the 2026 World Cup contenders shaping up?
Only eight countries have won the World Cup in 22 editions up to the most recent tournament in Qatar, when Argentina defeated France on penalties in an epic final. That was their third title, a tally bettered only by Brazil with their record five crowns.US trading partners hit back on steel, aluminum tariffs
The steep 25-percent levies came into place after midnight with no exemptions despite countries' efforts to avert them, in a step up from fresh duties Trump already imposed on Canada, Mexico and China since returning to the White House. The European Commission swiftly unveiled retaliation starting in April, while Canada...
BRICS summit planned for July in Rio, says current chair Brazil
Rio de Janeiro, Brazil - Leaders of the countries known as BRICS will hold a summit in Rio de Janeiro in July, the current chair Brazil announced Saturday. Other members of the trading bloc include Russia, India, China and South Africa and others. Brazilian Foreign Minister Mauro Vieira said on the...
Trump threatens 100% tariff on BRICS countries over currency plans
Washington, United States - President-elect Donald Trump on Monday threatened to impose a 100 percent tariff on the BRICS group nations if they undercut the US dollar. "We require a commitment... that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty US Dollar...
Countries where the X social network is banned and why
Paris, France - With its ban of X, which went into effect on Saturday, Brazil joins a small club of countries to have taken similar measures against the social network, most of them run by authoritarian regimes. Beyond permanent bans, some nations have temporarily restricted access to X, formerly Twitter, which...
Social media platform X to shutter local operations in Brazil
Social media platform X, formerly Twitter, will shutter its local operations in Brazil following a bitter legal tussle over the platform's rights and responsibilities, owner Elon Musk said on Saturday. The service will remain available to Brazilian users.
Poorer countries need money before raising climate targets, says COP29 head
Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available to help them transition to cleaner energies, the chairman of this year's UN climate negotiations said Thursday. Addressing a ministerial climate meeting in Copenhagen, Azerbaijan's Mukhtar Babayev said "there is...COP hosts UAE, Azerbaijan, Brazil pledge stronger climate action
Paris, France--Past and future hosts of the UN climate negotiations the United Arab Emirates, Azerbaijan and Brazil announced Wednesday they would cut their own emissions in line with limiting global warming to 1.5 degrees Celsius. Nations have been under pressure to keep this warming limit alive by pledging to accelerate their...Split over Gaza and Ukraine, G20 meeting ends in discord
Brazil's Finance Minister Fernando Haddad told a news conference in Sao Paulo that it was "impossible" to reach a final joint statement. The minister said the impasse was over the ongoing conflicts without explicitly mentioning Russia's invasion of Ukraine or Israel's ongoing military campaign in the besieged Gaza Strip.
UAE presses for ‘sustainable development policies’ at BRICS meeting in Brazil
Sao Paulo, Brazil-- The UAE has affirmed that it collaborates with the BRICS nations in order to establish sustainable development policies, effective financing solutions and an advanced digital infrastructure. This was stated by Mohamed Hadi Al Hussaini, UAE's Minister of State for Financial Affairs at the first BRICS finance ministers...
IMF predicts soft landing for global economy, yet growth remains muted
Dubai, UAE - The International Monetary Fund (IMF) in a report has indicated that the global economy is on course for a soft landing, despite ongoing weaknesses in activity and growth prospects. "The cyclical position of G20 countries has proven stronger than previously anticipated as disinflation has so far proceeded...Broad support among G20 for two-state solution in Middle East: Brazil
There was "virtual unanimity for the two-state solution as the only possible solution," Brazilian Foreign Minister Mauro Vieira told journalists at the close of a two-day meeting of foreign ministers from the world's biggest economies. "The only reason (Vieira) didn't simply say 'unanimity' is that not every speaker addressed the...Saudi foreign minister seeks G20 action on Gaza
Rio de Janeiro, Brazil - Saudi Foreign Minister Prince Faisal bin Farhan called on G20 nations to apply pressure for concrete measures to halt the conflict in Gaza and advocate for a credible, irreversible path toward a two-state solution. Prince Faisal voiced these sentiments during the inaugural session of the...
Brazil summons Israeli ambassador as Gaza row escalates
The Brazilian foreign ministry said it has also recalled its own ambassador from Tel Aviv for consultations, after Israel summoned the Brazilian envoy and declared Lula "persona non grata" over his remarks on Sunday. The president said the conflict in the Gaza Strip "isn't a war, it's a genocide".
Israel says Brazil’s Lula ‘persona non grata’ for Holocaust remarks
Lula's remarks on Sunday sparked outcry in Israel after the Brazilian leader said the ongoing conflict in the Gaza Strip "isn't a war, it's a genocide" and compared it to "when Hitler decided to kill the Jews". On Sunday, the head of Yad Vashem, Dani Dayan, said that Lula's remarks...‘Hitler did it to Jews’: Lula accuses Israel of ‘genocide’ in Gaza
Brazilian President Luiz Inacio Lula da Silva accused Israel of committing "genocide" against Palestinians in the Gaza Strip and compared its actions to Adolf Hitler's campaign to exterminate Jews. "What's happening in the Gaza Strip isn't a war, it's a genocide," Lula said in Addis Ababa where he was attending...In Egypt, Brazil’s president denounces Israel’s Gaza war
Speaking before an Arab League meeting in Cairo, President Luiz Inacio Lula da Silva, on his second trip to Egypt and his first during his current term, condemned Israel's war in the Gaza Strip, saying that there must be and end to "this inhumanity and cowardice" in the besieged enclave...COP hosts UAE, Azerbaijan, Brazil announce climate ‘troika’
The UAE hosted last year's COP28 conference in Dubai, while Azerbaijan will host this year's summit followed by Brazil in 2025. The three countries were mandated by 198 signatories to the Dubai agreement to work together on a roadmap to limit global warming to 1.5 degrees Celsius, a key climate...Several nations eager to join Charter of Cooperation, says OPEC Secretary-General
ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in active talks with several nations eager to join the OPEC+ Charter of Cooperation, following the recent accession of Brazil. The names of these countries will be announced after the completion...Al Nassr thrash Inter Miami as Ronaldo, Messi watch on
Otavio drilled in the opener as Miami lost the ball trying to play out from the back, bringing Ronaldo to his feet to applaud from the stands. A sliding Talisca turned in Al Nassr's second as the visitors again paid the price for conceding possession near their own box.
IEA says oil production to rise but demand to be halved in 2024
Paris, France - World oil supply will continue to rise this year, the International Energy Agency said on Thursday, as it predicted that demand growth would continue a downward slide throughout 2024. The Paris-based IEA, which advises oil-consuming nations, said it expects increase in global oil demand to halve from 2.3...
Chinese foreign minister to visit Egypt, Tunisia this week: ministry
Wang's overseas travel will coincide with another trip abroad by a top Chinese official, Premier Li Qiang, this week. Li will from Sunday to Wednesday visit Switzerland, the foreign ministry said, where he will attend the World Economic Forum Annual Meeting 2024 and carry out a state visit.Manchester City crowned FIFA Club World Cup winners for first time
Pep Guardiola also made history as the first coach to lift the Club World Cup on four occasions and with three different clubs after previously winning the competition twice at Barcelona and once in charge of Bayern Munich. "To win the treble was truly special, but to win two more...UAE’s GCAA signs MoUs with Brazil, Switzerland in air-transportation sector
Riyadh, Saudi Arabia--The General Civil Aviation Authority (GCAA) of the UAE signed two memorandums of understanding (MoUs) with Brazil and Switzerland to strengthen cooperation in the field of air transportation with Brazil and Switzerland. The agreements were signed on the sidelines of the UAE delegation's participation in the fifteenth ICAO...134 nations to put food, agriculture in national climate plans
"This declaration is the moment when food truly comes of age in the climate process, sending a powerful signal to the nations of the world that we can only keep the 1.5 degree goal in sight if we act fast," said the group's CEO Ani Dasgupta.Brazil to become OPEC+ member in 2024, says group
Vienna, Austria - Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday. Brazil is among the world's top 10 producers and has been the largest oil producer in Latin America since 2016. Its crude production hit a record 3.7 million barrels per day in September,...Saudi, Turkey, Egypt among 16 nations viewing climate change as top concern
Riyadh, Saudi Arabia: Around 80% of consumers surveyed across 16 countries now view climate change as the world’s No. 1 challenge, a recent research conducted by GSMA Intelligence with support from Huawei, revealed. The countries include Saudi Arabia, Turkey, Egypt, South Africa, Argentina, Brazil, France, Germany, Indonesia, Italy, Japan, Pakistan,...UAE defense conglomerate EDGE signed nearly $2bn in deals
Dubai, UAE -- UAE defense conglomerate EDGE Group has inked deals worth at least $1.8 billion during the Dubai Airshow, with the Emirati military as a key customer, media reports said. A $1.1 billion deal with UAE Ministry of Defense for aircraft munitions was the biggest of the deals. This...US vetoes UN resolution seeking ‘humanitarian pause’ in Gaza conflict
"The United States is disappointed this resolution made no mention of Israel's rights of self-defense," US Ambassador to the UN Linda Thomas-Greenfield said after the vote. The resolution said the Council "firmly condemns all violence and hostilities against civilians and all acts of terrorism."Brazil exhorts UNSC talks to de-escalate Israel-Hamas war
Brazilian Foreign Affairs Minister Mauro Vieira has interrupted an Asia trip to travel "to New York to participate in a meeting of the United Nations Security Council, called by Brazil... to address the situation in the Gaza Strip," the ministry said in a statement.
Abu Dhabi’s Mubadala to invest $1 billion a year in Brazil
New York, United States - Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund, plans to invest more than $1 billion a year in Brazil in a range of holdings from an oil refinery to a toll road. The firm’s second fund in the country, Brazil Special Opportunities...
Saudi Arabia to enhance air connectivity to over 250 destinations by 2030
RIO DE JANEIRO, BRAZIL - A delegation led by President of the General Authority of Civil Aviation (GACA) Abdulaziz bin Abdullah Al-Duailej has concluded its participation in the Saudi-Brazilian International Aviation Conference held here from October 2 to 4. Under the theme "Going Further Together", the conference saw several...
Saudi MATARAT inks pact with Brazil’s Union of Airports
Rio de Janeiro, Brazil - The Saudi MATARAT Holding Company signed Wednesday a memorandum of understanding (MoU) with Brazil’s Union of Airports, which is the sole representative of all federal airports in Brazil. The agreement aims to enhance cooperation and integration between the two parties in aviation and airport management....UAE and Brazil discuss boosting trade, energy, strategic ties
Brasilia, Brazil-- The UAE and Brazil have explored opportunities to develop cooperation in trade, energy and climate issues in a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs of the UAE, and Mauro Vieira, Minister of Foreign Affairs of Brazil, in the capital, Brasilia. The meeting,...EDGE acquires 50% stake in SIATT
SIATT is Brazilian smart weapons and high-tech systems specialist.UAE’s EDGE acquires 50 percent stake in Brazil’s SIATT
Sao Paulo, Brazil - The UAE’s EDGE Group, one of the leading advanced technology and defence groups, has announced the acquisition of a 50 percent stake in Brazilian smart weapons and high-tech systems specialist, SIATT. The acquisition deal was officially signed at SIATT's headquarters in the city of Sao Jose...Tree-hugging AI to the rescue of Brazilian Amazon
The Manaus project has just completed its pilot phase with ten prototype boxes fixed to trees in a densely forested area near Manaus, the capital city of Brazil's northern Amazonas state. The team is now looking for more funding to add hundreds more sensors to the system, including ones that...14 killed in plane crash in Brazilian Amazon
News site G1 said the plane was an 18-passenger EMB-110, a twin-engine turboprop manufactured by Brazilian aircraft-maker Embraer. It was reportedly on its way from the state capital, Manaus, to Barcelos, about a 90-minute flight.Brazil’s president walks back comments on Putin’s safety at Rio G20
New Delhi, India--Brazil's leader withdrew on Monday his personal assurance that Russia President Vladimir Putin would not be arrested if he attends next year's G20 summit in Rio de Janeiro, saying it would be up to the judiciary to decide. Putin missed this year's gathering in the Indian capital New...
G20 summit ends with India, Brazil and Russia boasting success
G20 leaders have been deeply riven over the Ukraine war since Moscow's invasion last year, with Russian President Vladimir Putin skipping the summit entirely to dodge political opprobrium. Leaders of the Group of 20, which brings together Russia and China as well as some of Ukraine's most ardent backers, have...No arrest risk for Putin at Brazil G20: Lula
Russian president Vladimir Putin has skipped recent international gatherings and sent his Foreign Minister Sergei Lavrov to New Delhi instead. Brazil is an ICC signatory but Lula, speaking to Indian news network Firstpost on Saturday, said Putin would be invited to next year's event, to be hosted by Brazil.
BRICS’ share in global GDP to rise to 30% from January 2024: Indian bank
New Delhi, India - The share of the BRICS (Brazil, Russia, India, China, South Africa) group in the global Gross Domestic Product (GDP) is set to increase from its current 26% to 30% starting January 2024, State Bank of India (SBI) said in its report. The growth is attributed to...Mubadala, Petrobras sign MoU
The two parties will explore potential investment in a biofuel project.
