Middle East analysts are welcoming a series of agreements concluded during the recent summit in Brazil of the 20 biggest economies, saying they open new avenues for Gulf Cooperation Council states to strengthen economic relations with emerging markets across Latin America. Among other developments, Crown Prince Khaled bin Mohamed bin Zayed of the United Arab Emirates signed a memorandum of agreement with Brazilian President Luiz Inacio Lula da Silva. It is designed to establish a joint mechanism “aimed at promoting UAE investments in strategic sectors in Brazil,” according to the Abu Dhabi news site Gulf News. A second memorandum of
In wake of G20, Gulf states boost ties to Brazil, Latin America
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