Brazilian businesswoman Maria Eduarda Becker has made her career in Dubai, where she founded Três Marias Coffee and partnered up with trading company Ally Coffee in the MENA region. Innovating during the pandemic, she launched an instant coffee made from specialty beans, a pioneer product in the Middle East.
Browsing: Economy
The government of the emirate plans on using local and international experts in economy and society to create growth strategies.
The Statistics and IT director at the Directorate General of Customs, Salem Dridi, said that all steps of customs clearance will be performed online by December.
Governor Romeu Zema conferred online with UAE authorities to discuss investments in the state. Other officials including Brazil’s vice president Hamilton Mourão joined in, as did the mayor of Varginha, Minas Gerais – the city is seeking Arab funding for a technology center.
Brazil supplies grains to and imports fertilizer from the Middle East. This ensures smooth logistics when it comes to bulk shipping. Container shipping is a different beast, and problems arose as soon as the pandemic broke out.
Law firm Crespo Gregio Advogados told ANBA about tax measures put in place during the Covid-19 pandemic that can bring some relief to enterprises struggling with the financial crisis.
The Saudi Industrial Development Fund is supporting over 500 projects by deferring and restructuring loan instalments for enterprises of all sizes.
Young Exporter Institute will host mission to the region ending with a participation in Gulfood in Dubai. The initiative was presented in webinar that addressed the Arab market and featured Arab Chamber secretary-general Tamer Mansour.
The country’s economy is expected to slide by 7.6% to 11% this year as a result of the novel coronavirus, but international support and access to technology can improve the scenario.
More 118 items to fight coronavirus had their import tariffs reduced, expanding the list of items allowed to enter the Brazilian market without incurring in taxes.
International Monetary Fund has warned about the impacts that coronavirus will have on countries that are fragile and in conflict situations, such as Iraq, Djibouti and Somalia. Economy is expected to shrink by 7% in 2020, and internal problems could increase.
During an Arab Chamber webinar on Wednesday (13), vice president Hamilton Mourão offered to help bring about the creation a direct shipping lane linking up Brazil and the Arab countries, and to pen double taxation treaties on investments with more Arab governments.
Trade, politics-diplomacy and technical cooperation will be the three pillars of the congressional group, said group chair senator Jean Paul Prates during a webinar hosted by the Arab Brazilian Chamber and by Fambras Halal.
Industries such as transport and ports had to rise to the occasion so trade would keep flowing amid the pandemic. The crisis ultimately fast-tracked digital solutions within the industry, according to experts from Brazil and elsewhere who were featured in an Arab Chamber webinar.
