Economy Archives

Everest Industries picks RAKIA for first overseas venture

International Finance DeskNovember 21, 2014

by International Finance DeskNovember 21, 2014

Will invest in 750,000 sqft manufacturing facility in Al Ghail industrial park IFM Correspondent November 21, 2014: Ras Al Khaimah Investment Authority (RAKIA) has signed Everest Industries, one of the fastest growing building solutions companies in India, as its tenant. Everest will occupy 750,000 sqft in RAKIA’s Al Ghail industrial park. The India-based company plans to initially produce...

Economy

Japan dips into recession

International Finance DeskNovember 17, 2014

by International Finance DeskNovember 17, 2014

GDP shrank 1.6% on an annualised basis as firms held back on capital investment November 17, 2014: Japan’s economy slipped to recession in the third quarter for the second time in a row. This has set stage for Prime Minister Shinzo Abe to delay sales tax hike and call for a snap election halfway through...

Economy

Argentina: Russia’s new market

International Finance DeskNovember 14, 2014

by International Finance DeskNovember 14, 2014

The South American country is in a good position to capitalise on President Putin’s embargo on food imports from Europe and Western nations Kamilia Lahrichi November 14, 2014: Russian businessmen met their Argentinian counterparts in Buenos Aires on November 11 to discuss investment projects in the energy, nuclear and mining industries, as Moscow seeks to...

Economy

Decoding China’s debt

International Finance DeskNovember 3, 2014

by International Finance DeskNovember 3, 2014

Falling home sales and foreign investment adding to woes Suparna Goswami Bhattacharya November 3, 2014: The dragons have been the envy of many countries for long. With the economy growing in double digit for most of the 2000s, to being the largest manufacturing hub in the world, China’s growth story so far has been...

Economy

West Bank’s boycott of Israeli products does not last long

International Finance DeskOctober 20, 2014

by International Finance DeskOctober 20, 2014

There are not enough alternatives for Palestinian consumers Alessandra Bajec October 20, 2014: Israel’s recent offensive in Gaza triggered an unprecedented boycott of Israeli products across the West Bank, as many Palestinians opted for local equivalents in response to the Israeli military operation. Despite the economic boycott leading to a noticeable difference on the local...

Economy

Warning of global slowdown

International Finance DeskOctober 6, 2014

by International Finance DeskOctober 6, 2014

20% of the countries that tapped into the World Bank’s fund for the poorest yet to show any growth IFM Correspondent October 6, 2014: In an effort to warn the global economy against considerable downside risk, finance and development ministers from around the world will meet in Washington DC on October 11, 2014. With Europe...

Economy

Kenya rings in competition

International Finance DeskOctober 6, 2014

by International Finance DeskOctober 6, 2014

From price wars, buy outs to intrigues over thin SIM technology. Has the telecom sector finally come of age? Amoxers Wachira October 6, 2014: Over the last few months , Kenya’s telecom sector has been buzzing with activity. From mobile network operators taking their price wars to court, to cut throat competition, which has prompted...

Economy

Rainbow Nation’s energy sector is getting greener

International Finance DeskOctober 3, 2014

by International Finance DeskOctober 3, 2014

Since the 2008 energy crisis, South Africa has been trying to reduce dependency on coal Miriam Mannak October 3, 2014: Africa’s second largest economy is a land of abundance, boasting vast reserves of coal, platinum, and gold. The country’s natural wealth isn’t, however, confined to the depths below the earth’s surface. She is also blessed...

Economy

Visa to open tech centre in India

International Finance DeskSeptember 26, 2014

by International Finance DeskSeptember 26, 2014

The move will create over 2,000 jobs globally IFM Correspondent September, 26, 2014: Visa Inc, the global card payment system provider, will open a new technology centre in India in 2015. This will create over 2,000 full-time technologist positions all over the world. These include conversion of contractor positions to full time positions within the...

Economy

Businesses have to become environment-friendly

International Finance DeskSeptember 25, 2014

by International Finance DeskSeptember 25, 2014

It will be difficult, but participants at the UN climate summit agreed there is no alternative Kamilia Lahrichi September 25, 2014: Hundreds of Chief Executive Officers from Fortune 500 companies, pension funds and the insurance sector discussed financial incentives to tackle climate change and committed to taking concrete action, at the United Nations Climate Summit...