AD Ports Group has taken over the operational control of Brazil’s top agri-bulk port terminal operator CLI in a deal worth AED3.1 billion ($835 million), following the completion of the financial closing for its acquisition, through funds managed by Macquarie Asset Management and IG4 Capital.
OEG, an energy solutions company, has signed a seven-year agreement to supply 50 offshore chemical tanks to a major speciality chemicals company in Brazil, strengthening its position in the country’s offshore energy market.
Wärtsilä will convert Brazil’s Termocabo Power Station from heavy fuel oil to natural gas, enabling a 10-year power purchase agreement to supply 50 MW to the national grid. The order was booked in the third quarter of 2026.
Appian Capital Advisory, an investment advisor with a major presence in the region, has joined forces with International Finance Corporation (IFC), a member of the World Bank Group to launch a new $1 billion critical minerals and metals fund for emerging markets.
Abdullah Al Marri, UAE Minister of Economy and Tourism, held bilateral meetings with tourism officials from Brazil, Portugal, Azerbaijan, and Argentina to strengthen cooperation, promote sustainable tourism, exchange expertise, and advance partnerships toward more developed and prosperous levels in the global tourism sector.
Vallourec, a leader in premium seamless tubular solutions, has secured a contract with Shell, following a competitive bidding process. The agreement covers the supply of OCTG (Oil Country Tubular Goods) products and services for Shell’s offshore operations in the development of the Orca project, formerly known as Gato do Mato.
The Brazilian natural stone industry ended 2025 with an all-time high performance with exports reaching $1.48 billion, an increase of 17.5% in revenue compared to 2024.
