Brazilian President Luiz Inácio Lula Da Silva and his entourage reached an agreement with the United Arab Emirates which foresees investments worth R$ 12 billion (around US$ 2.45 billion) in Bahia, Agencia Brasil reported.
They call it production adjustments, but in reality most major oil extracting countries agreed Sunday new strategies regarding crude output were needed in light of the surplus accrued over the past few months.
Fifteen prisoners at Guantanamo Bay have been transferred to the United Arab Emirates — the largest single release of the Obama administration. The population of the military prison in Cuba is now down to 61.
French Defence minister Gerard Longuet said that following on the deal to sell 126 Dassault Rafale fighter jets to India, Paris is hopeful it can seal a similar contract with Brazil.