International Finance

Tag : International

Economy

‘Every Airbus is partly made in India’

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...
Economy

Saudi announces Vision 2030 to transform its economy

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...
Business Leaders

Saudi oil minister removed after 20 years in the job

He has been replaced by Khaled al-Falih, who heads Saudi Aramco IFM Correspondent May 12, 2016: After announcing reforms to overhaul the economy in April, Mohammed bin Salman, the deputy Crown Prince of Saudi Arabia announced a government shake-up. The Prince announced the removal of veteran oil minister Ali al-Naimi. He has been removed after 20...
FinanceWealth Management

Is Osborne right on Brexit and property?

Chancellor of the Exchequer said that property prices will be significantly dampened by a UK vote to leave Naomi Heaton  May 11, 2016: With the UK’s EU referendum fast approaching, questions are inevitably circulating about how the build-up and outcome will impact property prices and the future of the UK and London market. Indeed, in...
Uncategorized

Nexus Group gets new head of general insurance

Appoints Philip Ashkuri; serving GCC insurance remains a priority May 10, 2016: Leading insurance broker, Nexus Group, has appointed Philip Ashkuri as the Head of General Insurance, Commercial and Personal Lines, for the GCC region. With nearly three decades in the general insurance industry, Ashkuri has extensive experience and widespread knowledge of the global and...
Business Leaders

Cochin airport takes off on solar power

World’s first solar powered airport has more electricity than it needs Suparna Goswami Bhattacharya May 10, 2016: As the plane hovers over Cochin airport in India, you will be astonished to see a large number of solar panels in the vast compound. There are more than 46,000 of the reflective panels tapping the rays from...
Economy

Panama papers: Joint statement on waked organisations

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...
Banking

LCP brings in former FTSE chairman as property fund director

Richard Crowder has experience in growing securities, banking, investment and advisory May 6, 2016: As part of its continued commitment to the highest levels of regulatory oversight, leading Central London property fund and asset management specialist, London Central Portfolio (LCP), is delighted to announce the appointment of Richard Crowder, an experienced FTSE 250 Chairman, as a...
Business Leaders

Mosaic moves to The Prince’s Trust

The mentoring initiative was founded by HRH The Prince of Wales in 2007 April 28, 2016: Mosaic, HRH The Prince of Wales’s mentoring initiative, will from July 1, 2016 move home from Business in the Community to sister charity The Prince’s Trust. Having been founded by HRH The Prince of Wales in 2007, Mosaic’s mentoring...
Business Leaders

Mitsubishi shares continue to fall

Japan’s Transport Ministry raids its research centre during probe into mileage test data scam IFM Correspondent April 22, 2016: Mitsubishi Motor Corp shares fell the second time in as many days following its admission to manipulating mileage test data for its mini cars sold in Japan. The shares fell by 15 percent on Wednesday and...