Dr Thani Al Zeyoudi (third from left), the UAE’s Minister of State for Foreign Trade, concluded a visit to Brazil during which he met the country's trade, agriculture and tourism ministers as the two nations pursue stronger economic ties. Photo: UAE Ministry of Economy
Dr Thani Al Zeyoudi (third from left), the UAE’s Minister of State for Foreign Trade, concluded a visit to Brazil during which he met the country's trade, agriculture and tourism ministers as the two nations pursue stronger economic ties. Photo: UAE Ministry of Economy
Dr Thani Al Zeyoudi (third from left), the UAE’s Minister of State for Foreign Trade, concluded a visit to Brazil during which he met the country's trade, agriculture and tourism ministers as the two nations pursue stronger economic ties. Photo: UAE Ministry of Economy
Dr Thani Al Zeyoudi (third from left), the UAE’s Minister of State for Foreign Trade, concluded a visit to Brazil during which he met the country's trade, agriculture and tourism ministers as the two

UAE and Brazil seek to boost trade and investment ties


Alkesh Sharma
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Dr Thani Al Zeyoudi, the UAE’s Minister of State for Foreign Trade, met Brazilian ministers and senior officials in Brasilia as the Emirates continues to deepen its trade and economic ties with Latin America’s largest economy.

Dr Al Zeyoudi also attended the launch of Brazil’s $347.5 billion growth acceleration plan last Friday, the UAE's Ministry of Economy said on Tuesday. The plan is aimed to leverage public-private partnerships in support of energy, logistics and urban infrastructure projects.

“Brazil is one of the new centres of growth, one that represents the gravitational shifts in the economic landscape from the nations of the G7 towards new hubs of opportunity in the global south,” Dr Al Zeyoudi said.

“The UAE is keen to build mutually beneficial partnerships with such economies and deliver dynamic new markets for our private sector.”

Brazil is the UAE's top trading partner in Latin America and ranks second only to the US among the UAE's most important trading partners in the Americas.

The Emirates’ non-oil trade with Brazil reached $4.3 billion last year, an annual growth of 32 per cent, according to figures from the UAE's Ministry of Economy.

The two countries currently collaborate in vital sectors such as industry, transport, shipping, storage, infrastructure, construction, port management, energy, mining, banking and finance, and property.

The UAE’s investments in Brazil have risen to $5 billion, Abdulla bin Touq, Minister of Economy, said in April during a visit by Brazilian President Luiz Inacio Lula da Silva to the UAE.

The amount is predominantly focused on the sectors outlined in the growth acceleration plan, the ministry said.

The UAE, the Arab world’s second-largest economy, aims to boost trade and economic relations with countries around the globe, and is working towards signing 26 comprehensive economic partnership agreements as it seeks to attract more investment and diversify its economy.

The country has already signed Cepas with India, Israel, Indonesia and Turkey.

Last year, the UAE's non-oil foreign trade surged 17 per cent annually to reach a record Dh2.23 trillion ($607.2 billion).

Top New Zealand cop on policing the virtual world

New Zealand police began closer scrutiny of social media and online communities after the attacks on two mosques in March, the country's top officer said.

The killing of 51 people in Christchurch and wounding of more than 40 others shocked the world. Brenton Tarrant, a suspected white supremacist, was accused of the killings. His trial is ongoing and he denies the charges.

Mike Bush, commissioner of New Zealand Police, said officers looked closely at how they monitored social media in the wake of the tragedy to see if lessons could be learned.

“We decided that it was fit for purpose but we need to deepen it in terms of community relationships, extending them not only with the traditional community but the virtual one as well," he told The National.

"We want to get ahead of attacks like we suffered in New Zealand so we have to challenge ourselves to be better."

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War and the virus
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

UAE cricketers abroad

Sid Jhurani is not the first cricketer from the UAE to go to the UK to try his luck.

Rameez Shahzad Played alongside Ben Stokes and Liam Plunkett in Durham while he was studying there. He also played club cricket as an overseas professional, but his time in the UK stunted his UAE career. The batsman went a decade without playing for the national team.

Yodhin Punja The seam bowler was named in the UAE’s extended World Cup squad in 2015 despite being just 15 at the time. He made his senior UAE debut aged 16, and subsequently took up a scholarship at Claremont High School in the south of England.

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Third Test, Day 1

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Pakistan

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Updated: August 15, 2023, 1:08 PM`