The Arab Chamber is hosting an online conference next Wednesday (20), from 9 am to 10:30 pm, to discuss contracts with foreign companies amid the pandemic, in a bid to provide guidance to businesses.
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The food processing facility was bought in a USD 8 million deal by the Brazilian company, which is planning to increase the plant’s output fivefold.
Foreign sales of agriculture and livestock products from Brazil fetched USD 10 billion last month, fueled by sales of soy to China.
Foreign sales were down 9.5% for revenue and 8% for shipped volume. Some Arab countries stepped up imports, including Saudi Arabia, Algeria and Libya.
Registrations are open for a free event with oncologist Riad Younes is airing at 8 pm on Friday (15).
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.
Distance learning sessions will begin this Thursday (14) at 5 pm, airing live on YouTube. The Arab Brazilian Chamber of Commerce supports the initiative.
Goal is cutting emissions by 33% by 2030 and boost the transition to a carbon-neutral mining by 2050.
The Arab country announced that production has begun at locally-owned company Vital Care’s manufacturing plant for 200,000 kits a week.
Sales to Arab countries slid 17.9% in volume and 20.5% in revenue in the four months through April.
Arab Chamber president Rubens Hannun said that investments in production autonomy in the Arab countries have been frozen due to coronavirus. He talked at the Agro 360 show on the Terra Viva channel.
The oil company saw net income slide by 25% in the first quarter, but results were still robust, with USD 13.4 billion in dividends paid.
Business owner Julia de Biase’s Royal Queen Açaí brand has sold about a ton of product made in São Paulo using açaí from the state of Pará and dates from the UAE. The mix will be resold online in the UAE.
