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ANBA Bulletin, May 31, 2021 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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This Monday (31) in your ANBA Bulletin: Last year, Brazil exported over USD 53 million. Mobile, computer and console games are developed in various regions of the country and sold to markets such as the United States, Canada and Europe. Sector is aiming at Egypt and the United Arab Emirates. Sales at Majid Al Futtaim shopping mall stores fell by 19% in Egypt last year due to the COVID-19 pandemic, but gave signs of recovery in early 2021, an executive of the group said. And registrations for the UNESCO-Sharjah Prize for Arab Culture are open until July 30. The award recognizes people, groups and institutions that work to promote the Arab culture. A third party must nominate candidates. |
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Investing in e-commerce, professionalization, digitization and seeking out institutions that could help supporting foreign trade are some of the steps that must be taken by a company that wants to sell its products to Brazil and lost partners during this crisis. So said the vice president and Foreign Trade coordinator of ACSP, the main retail association in Brazil’s state of São Paulo, Roberto Penteado de Camargo Ticoulat.
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The United Nations Educational, Scientific and Cultural Organization (UNESCO) is open for applications to nominate candidates for the UNESCO-Sharjah Prize for Arab Culture. Awarded since 2001, the prize was instituted in collaboration with the government of Sharjah, one of the seven emirates of the United Arab Emirates, and is now in its 18th edition. Last year, Brazilian historian Silvia Antibas, cultural director at the Arab Brazilian Chamber of Commerce, was one of the awarded.
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Brazil has established itself as a major developer and exporter of video games for mobile devices, computers, and consoles. Last year alone, the country exported over USD 53 million in games. The primary destinations were the US, Canada, and Europe. However, the sector keeps an eye on Asian countries like China, India, and even Arab countries like Egypt and the UAE.
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Sales at Majid Al Futtaim shopping mall stores fell by 19% in Egypt last year due to the COVID-19 pandemic, according to information published on Friday (28) on the Egyptian news website Al Ahram. Majid Al Futtaim is a group from the United Arab Emirates that owns and operates shopping malls and retail and leisure businesses in the Middle East and North Africa, including supermarkets under the Carrefour brand.
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President Jair Bolsonaro enacted on Wednesday (26) the convention signed between Brazil and the United Arab Emirates to eliminate double taxation concerning income taxes and prevent tax evasion and avoidance. Tax avoidance occurs when companies try to reduce tax payments, and tax evasion consists of evading the payment of taxes.
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Smart cities are a major focus of the Arab investment in technology. And Arab Brazilian Chamber of Commerce (ABCC) secretary-general Tamer Mansour believes these megaprojects are also an example of the Arab investment in sustainability. “Most people think only in Dubai, but we have several projects of smart cities aiming at creating more governance, mobility, better quality of life, as well as development and economic, sustainable diversification,” Mansour pointed out.
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Executives at the international office of the Arab Brazilian Chamber of Commerce (ABCC) in Dubai, in the United Arab Emirates, visited the Ras Al Khaimah Chamber of Commerce and Industry on Thursday (27) to discuss a rapprochement between companies in Brazil and the emirate. Ras Al Khaimah is one of the country’s seven emirates, along with Dubai, Abu Dhabi, Ajman, Fujairah, Sharjah, and Umm Al Quwain.
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The Central Bank of Bahrain on Thursday (27) issued a circular to all retail banks and finance companies to provide the option of postponing loan repayments. The option to defer loan repayments for an additional period of six months applies to all individuals and companies until December 31, 2021.
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