The Brazilian institution established a USD 60 billion swap line with Fed to increase the supply of the US currency in Brazil.
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Brazilian Foreign Trade Association chair José Augusto de Castro expects food products to be the industry least impacted by coronavirus when it comes to exports, although there will be repercussions from plummeting prices and issues at seaports.
Brazilian machinery and service companies have invested in creations that integrate environmental and economic sustainability.
Khalifa Industrial Zone, a subsidiary of Abu Dhabi Ports, lowered its lease rate on new contracts by 25%.
Several countries consider plans of assistance to the sector in the face of flight cancellations due to coronavirus.
Launched on the Asian market in late 2017, Ruby chocolate went global last year. In December, Emirati company Chocodate, which makes chocolate-coated dates, put its own spin on the product.
Brazil government announced tariff relief and other measures to deal with coronavirus, including temporary relief from IPI for goods used to fight the disease.
Demand for foreign products was up 14.6% and for domestic products 8% in January from December.
The Egyptian Mineral Resources Authority said bids will be accepted from March 15 to July 15.
Several Arab countries made their announcements this Monday (16), in the wake of a historical interest rate cut put in place by the United States.
Banco do Brasil’s new facility will power up 100 of its branches.
As of May, warehouses and cold storage chambers will require halal certification. The change applies to Gulf countries such as Saudi Arabia and the UAE.
Brazil’s Banco do Brasil and Caixa Econômica Federal announced that financing will be made available to businesses whose finances take a hit from the pandemic.
Food trade balance in the Arab country posted surplus in the first two months of 2020 due to drop in the value of some imports.
