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ANBA Bulletin, May 6, 2021 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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This Thursday (6) in your ANBA Bulletin: The Arab economies are now recovering after the COVID-19 vaccination has started. In a webinar of the Arab Brazilian Chamber of Commerce (ABCC) EuroMoney Country Risk expert Helmi Hamdi said the implementation of COVID-19 preventive measures, aid policies and vaccination has kept the Gulf economies resilient, and they are recovering faster than expected. In the same online event, export companies discussed how they are perceiving the Arab markets now. In countries where vaccination has made a good progress, small retails started investing and buying again in recent months, which has meant an opportunity for companies such as Brazil’s Bauducco. And international maize prices are on the rise, and the Arab countries have gained ground in purchases of the commodity from Brazil. Exports to the region climbed 132% year to date through March. |
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In countries where vaccination is at a fast pace such as Saudi Arabia and the United Arab Emirates small retailers are investing strongly again, offering an opportunity for Brazilian exporting companies. This is what the experience of Alain Wehbe, export manager of the Brazilian food company Bauducco, shows.
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Despite all preventive measures adopted in many Arab countries such as PCR tests, lockdown and curfew, only mass vaccination offers a prospect of upturn in the Middle East and North Africa (MENA) region. So said EuroMoney Country Risk expert Helmi Hamdi (pictured above), who spoke during a webinar hosted by the Arab Brazilian Chamber of Commerce (ABCC) on Wednesday, May 5.
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So far, 2021 has seen high-record prices and a strong demand in the maize market. Year to date, exports from Brazil climbed 30% from a year ago. Despite the high in prices, the Arabs stepped up their purchases, which fetched USD 212.5 million year to date through March, up 132%.
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he COVID-19 vaccination progress in the Arab countries have boosted exports from Brazil to the region in the first quarter of the year as per figures made public on Monday, 3, by the Arab Brazilian Chamber of Commerce. Sales from Brazil to the 22 countries comprising the Arab League fetched USD 2.91 billion.
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The emirate of Dubai launched on Saturday, May 1, the Food Tech Valley, which seeks to triple the United Arab Emirates’ food production. The initiative was launched by Mohammed bin Rashid Al Maktoum, vice president and prime minister of UAE and ruler of Dubai, and is a partnership between the Ministry of Food and Water Security and Wasl Properties firm.
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Would you like to find out the top selling books on Amazon in the United Arab Emirates and Saudi Arabia? The world’s biggest e-company ran a list with the top selling books from March 2020 to March 2021, including the two Arab countries and Brazil.
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The General Authority for Small and Medium Enterprises (Monsha’at) announced on Tuesday, May 4, that investments in e-commerce amounted to more than SAR 250 million (USD 66.6 million) in the first quarter of 2021.
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Egypt’s Ministry of International Cooperation launched last week the first multi-stakeholder platform for the private sector with the aim of strengthening partnerships between multilateral and bilateral development partners and the country’s private sector.
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The Brazilian Trade and Investment Promotion Agency (Apex-Brasil) and the Brazilian Machinery Builders’ Association (Abimaq) renewed an agreement in the last week of April to promote Brazilian machinery and equipment exports and strengthen Brazil’s image as a manufacturer of mechanical capital goods and a technology supplier.
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