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GGBNEWS
UAE wants to build with the BRICS
The bloc, comprising Brazil, Russia, India, China and South Africa, offers huge growth potential for the region.
By Deena Kamel Yousef, Reporter, GulfNews.
Brics nations — the fast-growing grouping of Brazil, Russia, India, China and recently added South Africa — are an economic force to be reckoned with. Goldman Sachs expects the Brics to account for nearly 40 per cent of global GDP by 2050 and to have become four of the world's top five economies. They are poised to become the most important source of future global growth, one group of analysts believes. They represent more than a quarter of the Earth's landmass, more than 41 per cent of its population, almost 25 per cent of world GDP, and nearly half of all foreign-exchange and gold reserves. The UAE already has historically strong trade ties with India and China but is seeking to strengthen economic relations with the remaining blocs in the Brics for the mutual benefit of both, experts say. "The potential for mutual economic benefit between the Brics and the UAE has not been... Read more

From left: Brazil’s President Dilma Rousseff, Russian President Dmitry Medvedev, Indian Prime Minister Manmohan Singh, Chinese President Hu Jintao and South African President Jacob Zuma at the recent Brics 2012 Summit in New Delhi.
The 2016 Summer Olympics, officially known as the Games of the XXXI Olympiad, will have as a host city Rio de Janeiro, Brazil.
The 2016 Summer Paralympics will be held in the same city and, and are scheduled to be held from September 7 to 18.
Eike Batista Finds More Oil In Brazil
São Paulo Travel Guide
Forbes billionaire and Brazilian natural resources magnate, Eike Batista, has struck black gold yet again... Read more
São Paulo is a megalopolis of 19 million people, with endless stands of skyscrapers defining the horizon from every angle... Read more