International Finance

Category : Economy

Economy

An unhappy New Year for Argentina

It is entangled in a legal battle with hedge funds that bought its debt on the cheap during the 2001 crisis Kamilia Lahrichi January 12, 2015: There will be no truce between the Argentine government and its foreign creditors, despite the expiration of a provision on December 31, 2014 that could have paved the way...
Economy

Ras Al Khaimah Investment Authority ushers in second decade

Since being set up in 2005, it has invested AED 1bn in developing 30mn square metre of land in its Al Hamra and Al Ghail industrial parks IFM Correspondent November 27, 2014: At a gala event celebrating 10 years of excellence, Ras Al Khaimah Investment Authority (RAKIA) reaffirmed its unwavering commitment to drive foreign direct...
Economy

Everest Industries picks RAKIA for first overseas venture

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

Argentina: Russia’s new market

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

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

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

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...