Year-to-date through April saw USD 6.7 million worth of olives shipped to Brazil, while sales from Argentina slid.
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Arab country will allow hotels to increase their occupancy cap from 25% to 50% as of Monday. Establishments must have hygiene safety certificates.
Arab Chamber secretary-general Tamer Mansour said during a webinar on Thursday (28) that direct shipping between Brazil and the Arab countries can boost business, particularly with Morocco.
In webinar, Egyptian startup Robusta CEO Hussein Mohieldin talked about how the digital transformation ushered in by the pandemic has impacted the behavior of Arab consumers. Online conference was hosted by the Arab Chamber on Wednesday (27).
In a bid to get its key source of revenue going again, Egypt will allow some hotels to operate under new hygiene standards. In the UAE, restaurants and malls have also reopened at limited capacity. Algeria will resume automobile imports.
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.
The International Monetary Fund’s Executive Board confirmed that it will supply emergency support to help address the economic impact of the pandemic.
The International Islamic Trade Finance Corporation (ITFC) supplied Egypt’s General Authority for Supply Commodities (GASC) with the cash to enable purchases of items such as wheat and sugar during the pandemic.
The Arab country was awaiting publication of a ruling in Brazil’s Official Gazette so it could begin to sell citrus to the Brazilian market. The Arab Chamber will help promote sales.
Among the new plants that can export to the Arab country, 15 are beef packers and 27 are poultry packers.
According to Brazil’s agricultural attaché to Cairo, Cesar Simas Teles, the technical stage of proceedings has been completed.
The monetary authority announced that 8,000 enterprises and 100,000 individuals late on their credit payments will be taken off its ‘I-list’ amid the Covid-19 pandemic.
Brazil’s Tereza Cristina will speak from Brazil. Union of Arab Chambers secretary-general Khaled Hanafy will join in from Egypt. Arab Chamber president Rubens Hannun will give an introductory speech. The webinar takes place April 8, 9 am (BRT), with simultaneous interpretation into Portuguese and English. Registrations are open.
Even though two facemask manufacturing facilities have reopened, output is lagging behind demand.
