Browsing: Economy

The Central Bank of Egypt confirms that the banking system has played an effective role in releasing goods in ports worth about USD 5 billion since the beginning of this month, to meet the needs of the market.

Taking stock of 2022, the year when the Arab Brazilian Chamber of Commerce turned 70, its president Osmar Chohfi highlighted the record-breaking trade between Brazil and the Arab market, the launch of a halal project, the Economic Forum Brazil & Arab Countries, and the expansion of electronic customs clearance system Easy Trade.

Part of the proceeds from coffee grown by a Lebanese will be funneled to help the Syrian people. For each Yalla Yalla pack bought, roasting business Tocaya will donate BRL 5 to the Arab country through the UN World Food Programme.

Brazilian Autotech Mileto already produces electric motorcycles and minitrucks and intends to bring passenger cars to the market in 2023 with prices starting at BRL 100,000 (USD 19,000). The company aims to export and will hold investment rounds next year. A Dubai fund has become interested in the business.