POLITICS | After Long Delay, Leaders Of Mexico and Brazil Congratulate Bide on U.S. Election Win

The leaders of Latin America’s two biggest economies, Brazil and Mexico, congratulated Joe Biden on Tuesday on his election victory after a long delay that ignited criticism they were courting danger by rebuffing the U.S. president – elect.

Mexico’s Andres Manuel Lopez and Brazil’s Jair Bolsonaro both waited until the day after Biden’s Nov.3 election win was confirmed by the U.S. Electoral College Democrats with their extended delay.

Lope Obrador and Bolsonaro are ideological opposites in the region but found common ground in waiting longer than nearly all other heads of state.

North Korea’s King Jon Un may be the only key international leader who has yet to recognize Biden’s defeat of Republican President Trump in last month’s election.

Trump himself has refused to concede defeat, making unsubstantiated claims of widespread voting fraud and pursuing unsuccessful legal efforts to overturn the results.

For weeks, Lopez Obrador argued it was prudent to wait until Trump’s legal challenged ended.

At his daily morning news conference, the leftist Lopez Obrador said he sent the incoming American leader a letter praising Biden’s ‘triumph’.

He stressed the Democratic former vice president’s pro – immigrant stance and suggested the two neighbors work together on the thorny issue, after years of Trump’s unprecedented demands that the Mexican government do more to reduce the flow of U.S. – bound migrants.

‘I also want to express my recognition of your position in favor of Mexican and the world’s migrants, which will allow the continuation of our plan to promote development and well – being southwest Mexico and among the countries of Central America’, Lopez Obrador wrote.

In Brasilia, the far – right Bolsonaro finally accepted the loss of Trump, a political idol with whom he had sough to forge closer ties.

‘Greetings to the President Joe Biden, with my best wishes and the hope that the USA will remain ‘the land of the free and the home of the brave”, Bolsonaro said in a statement that quoted the U.S. national anthem.

Bolsonaro pledged to work with Biden, emphasizing the defense of sovereignty and trade integration.

Biden’s victory and Bolsonaro’s reluctance to recognize it have cast a dark cloud over U.S. – Brazilian relations, which has warmed to the point of discussing a free trade deal last year.

Bolsonaro, a former army captain, had echoed Trump in voicing concern about alleged widespread fraud in the U.S. election, without citing evidence.

Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

PARIS, France – Saudi Arabia’s industry and Mineral Resources said on Friday the country would invest $3.4 billion in the vaccine and biomedical drugs sector, according to state news agency SPA. The Minister Bandar Alkhorayef, who heads the newly – established vaccines and biopharmaceutical industry committee, said the move is part of the kingdom’s push … More Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Egypt on Monday and was welcomed by Egyptian President Abdel – Fattah el Sisi, state news agency SPA reported. The Crown Prince’s visit to Egypt is part of a tour that will include visiting Jordan and Turkey next. The visits were based on … More Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

PARIS, France – Sheikh Mansour bin Zayed, the UAE’s deputy prime minister and minister of presidential affairs, on Wednesday launched the National Media Office. The unit is tasked with developing the media sector, legislation, regulations, and decisions on media development while also monitoring the implementation of legislation in coordination with the relevant authorities and administrative … More Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

PARIS, France – Abu Dhabi state fund Mubadala and a fund managed by European buyout firm EQT have agreed to buy Envirotainer, a Swedish company which leases out cold containers for shipping temperature – sensitive healthcare products. Mubadala and the EQT X fund are buying the company from European buyout firm Cinven and Denmark life … More Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

Russia’s Lavrov To Meet With GCC Ministers In Riyadh On Wednesday – Officials

PARIS, France – Russian Foreign Minister Sergei Lavrov will visit Saudi Arabia on Wednesday where he will meet with the foreign ministers of the Gulf Cooperation Council Countries (GCC), two Gulf officials said on Tuesday. Lavrov is expected to meet with ministers of Saudi Arabia, the United Arab Emirates, Oman, Kuwait, Bahrain and Qatar in … More Russia’s Lavrov To Meet With GCC Ministers In Riyadh On Wednesday – Officials

Dubai Cooling Firm Empower Invited Banks To Pitch For IPO – Sources

DUBAI – Dubai’s Emirates Central Cooling System Cooperation (Empower) has invited investment banks to pitch for roles in its planned initial public offering, which is slated for later this years, two sources with direct knowledge of the matter said. Empower, which is part owned by Dubai Electricity and Water Authority (DEWA), has asked banks to … More Dubai Cooling Firm Empower Invited Banks To Pitch For IPO – Sources

Saudi Finance Minister Says No Immediate Plans To Transfer More Funds To PIF

DAVOS, SWITZERLAND – Saudi Arabia’s finance minister said on Monday there were no immediate plans to transfer more funds to the Public Investment Fund (PIF), the sovereign wealth fund at the centre of the kingdom’s plans to diversify its economy away from oil. The PIF manages over $600 billion in assets, a figure that has … More Saudi Finance Minister Says No Immediate Plans To Transfer More Funds To PIF

Guardiola Becomes England’s Most Successful Foreign Manager

PARIS, France – Spaniard Pep Guardiola became the most successful foreign manager in English football, in terms of league titles won, when he clinched his fourth Premier League crown on Sunday. With his latest success, the Manchester City manager moved above Frenchman Arsene Wenger and Portuguese Jose Mourinho who both have three Premier League titles … More Guardiola Becomes England’s Most Successful Foreign Manager


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