SHARJAH / WAM With its annual membership packages, the House of Wisdom (HoW) created a new opportunity for the UAE community to read, play, work and be entertained throughout the year, enjoying uninterrupted access to world-class sources of knowledge and spaces to bring their imaginations to life. Members will have access to the entire collection of HoW’s world-class physical and …

DUBAI / IBRAHIM ELDESOUKIE Foodco National Foodstuff, one of the leading local food companies, has won the prestigious “Product of the Year” award in two categories in the United Arab Emirates (UAE) for 2023. The company’s brand Shehrazade won the award for the best rice product for the third time in a row, while Virginia — Tuna Salad won the …

BLOOMBERG Americanas SA, the embattled Brazilian retailer, proposed a plan to restructure its 42.3 billion real ($8.1 billion) debt load some two months after obtaining bankruptcy protection that includes losses for unsecured creditors, a capital injection and asset sales. The plan, released in a securities filing, foresees a capital injection of 10 billion reais and potential asset sales including its …