Friday, Jul 31, 2026

International Finance

Category : Economy

Economy

‘Every Airbus is partly made in India’

International Finance Desk
by International Finance Desk
European company awards A320neo titanium parts contract to Aequs IFM Correspondent May 13, 2016: In a further boost to the ‘Make in India’ programme, Airbus has contracted Aequs Aerospace, a wholly-owned subsidiary to supply over 100,000 titanium machined parts for the A320neo (new engine option) programme. This is the first time work on critical elements...
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Economy

Saudi announces Vision 2030 to transform its economy

International Finance Desk
by International Finance Desk
The aim is to make a smooth transition away from dependency on oil revenue Suparna Goswami Bhattacharya May 13, 2016: With oil price continuing to show no signs of improvement, it is no secret that oil dependant nations have to think of alternatives to run their economy. The Kingdom of Saudi Arabia recently announced a...
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Economy

Panama papers: Joint statement on waked organisations

International Finance Desk
by International Finance Desk
Regarding a ten-year investigation May 10, 2016: In light of the announcement made by the United States Department of Justice and the United States Department of the Treasury’s Office of Foreign Assets Control regarding a ten-year investigation of the waked organisations, Panama’s Attorney General, Banking Superintendent, and Securities Market Superintendent have issued the following statements...
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Economy

Panama and Japan reach $2.6 billion agreement to fund Panama Metro

International Finance Desk
by International Finance Desk
Project will benefit more than 500,000 people; represents first Japanese monorail in the Americas April 22, 2016: The Republic of Panama announced the signing of a historic agreement with the Government of Japan valued at PAB/USD $2.6 billion to fund the construction of Line 3 of Panama’s Metro, the largest project in Panama since the...
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Economy

Dubai to host creative ideas, entrepreneurs at DAFZA

International Finance Desk
by International Finance Desk
The groundbreaking of first global incubator for innovation in Islamic economy took place on March 30 April 18, 2016: The International Centre of Islamic Economy headquartered at the Dubai Airport Freezone Authority (DAFZA) officially launched the digital portal of the ‘Oasis of Innovation in Islamic Economy’ concurrently with the groundbreaking of the first global oasis...
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Economy

Why Saudi will not be comfortable with high oil price

International Finance Desk
by International Finance Desk
The reasons are the US shale industry, and the rise of Iran and Russia Suparna Goswami Bhattacharya April 18, 2016: Saudi Arabia finds itself in a strange position. That, it is not happy with low oil prices is understandable, but a price too high will also make the Kingdom uncomfortable. Strange as it may sound,...
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Economy

Investment agreement signed for TAPI pipeline

International Finance Desk
by International Finance Desk
It exemplifies ADB’s role in promoting regional cooperation April 13, 2016: The shareholders of the TAPI Pipeline Company Limited (TPCL) signed an Investment Agreement in a ceremony witnessed by petroleum ministers and senior government officials of Turkmenistan, Afghanistan, Pakistan and India, and senior Asian Development Bank (ADB) officials. It will pave the way for long-term...
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