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ANBA Bulletin, March 27, 2020 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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This Thursday (26) in your ANBA Bulletin: the coronavirus pandemic is bringing about a change in international trade. After a video conference, G20 leaders said they will keep their markets open and work to facilitate trade flows.
Import taxes in Brazil have been lifted on 61 pharma and medical-hospital products needed in fighting the new coronavirus. Consumption is also shifting towards online sales.
Covid-19 is expected to severely impact global travel, with an expected USD 2.1 trillion in losses. Egypt’s government is coming to the aid of its tourism industry, which accounts for much of national receipts.
This year, due to the ongoing international crisis, the Arab Brazilian Chamber is going online to remember Arab Community Day in Brazil – March 25 – via a social media campaign set to last until next Sunday.
And those in need of entertainment at home can check out the Saudi-made animation Masameer on Netflix.
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São Paulo – G20, the group comprising the world’s biggest economies plus the European Union, is injecting USD 5 trillion into global economies to fight the social, economic and financial impacts of the coronavirus crisis. The announcement came after a video conference of member countries’ leaders, including Brazil’s president Jair Bolsonaro.
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São Paulo – The Ministry of Economy of Brazil reduced import taxes to zero last Wednesday (25) on 61 pharmaceutical, medical and hospital products used to fight the new coronavirus, including coronavirus test kits, pharmaceutical, medical and hospital equipment and apparatus, chloroquine, hydroxychloroquine, azithromycin, and immunoglobulin, and others.
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São Paulo – The quarantine designed to flatten the new coronavirus contagion curve is causing Brazilians to do more shopping online. So says a study from ecommerce market intelligence firm Compre&Confie and the Brazilian E-Commerce Association (ABComm), comparing February/March shopping in 2019 and 2020.
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Brasília – With the impact of the new coronavirus in the Brazilian economy, the Central Bank (BC) has revised down its Gross Domestic Product (GDP) growth projection from 2.2% to 0%. The information is in the Inflation Report released quarterly by the institution. But the agriculture growth forecast was maintained at 2.9%.
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São Paulo – The London-based The World Travel and Tourism Council (WTTC) said this Wednesday (25) that losses in global industry revenue could be as high as USD 2.1 trillion in 2020 as a result of restrictions on travel designed to prevent the spread of coronavirus.
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São Paulo – The Central Bank of Egypt has instructed all banks to introduce further measures supporting the tourism sector, besides what it itself has done creating credit lines so that tourism can fulfill their financial commitments during the coronavirus crisis.
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São Paulo – The Al-Futtaim Group said this week that it will earmark AED 100 million (USD 27.7 million) to help retailers at its malls through the Covid-19 pandemic in the UAE. The cash will cover three months’ rent for stores at Al-Futtaim-managed venues.
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São Paulo – The Telecommunications Regulatory Authority (TRA) of the United Arab Emirates announced the creation of Online Grocery, a purchasing application of 22 stores. According to information published at the Emirates News Agency (WAM), this is a preliminary list and will be subject to updates in the coming days. It has been launched in a moment where the world population is trying to stay home to stop the spread of coronavirus.
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São Paulo – Some Brazilian companies have started making donations to help combat the new coronavirus. The measures are still shy by significant and could set an example for other companies, banks and individuals to do their part. State-owned company Petrobras, Brazilian Sugarcane Industry Union (UNICA), Marfrig, Unilever, Ambev and Vale have announced money donations, distribution of hygiene and cleaning products, production and distribution of hand sanitizers, purchase of tests for detecting COVID-19, and other measures.
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São Paulo – The Brazilian Beef Exporters Association (ABIEC) released a statement this Monday (23) ensuring that there will be no shortage of product to supply both the domestic market and exports. In the wake of the novel coronavirus pandemic, ABIEC commissioned a survey that showed that output is expected to exceed domestic consumption by 35.5%.
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São Paulo – This Wednesday, March 25th, is Arab Community Day in Brazil. The Arab Brazilian Chamber of Commerce is remembering the date online, via a social media campaign set to last from Sunday (22) to March 29. The campaign launch saw Chamber president Rubens Hannun point out how Arab-Brazilian integration is also felt at this critical juncture for the world.
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São Paulo – Saudi animated comedy “Masameer: The Movie,” recently made available on Netflix, tells the story of Dana, a young engineer and programmer who lives in Riyadh, the capital of Saudi Arabia. A robots and artificial intelligence aficionada who struggles with a problem at work (no spoilers), she embarks on a journey to do good in the world through robotics.
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São Paulo – Coffee Lab, one of the most prize-winning coffee shops in Brazil, is offering an online course on the History of Coffee. The project is designed to keep the business afloat for as long as restaurants and cafés in São Paulo remain shut down to prevent coronavirus from spreading.
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