Monday, Nov 18, 2024

International Finance

Tag : International

FinanceWealth Management

Gold demand fell in Q3 of 2016

International Finance Desk
by International Finance Desk
Exchange-Traded Products were the only area of growth IFM Correspondent November 10, 2016: Gold demand fell 10% in Q3 to 992.8 tonnes (t). Exchange-Traded Products were the only area of growth, with inflows of 145.6 tonnes. Bars, coins and jewellery remained very weak: year-to-date consumer demand was down 16%, according to the World Gold Council’s...
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Economy

India withdraws high denomination currency overnight

International Finance Desk
by International Finance Desk
Aims to counter corruption, counterfeiters and people who avoid taxes IFM Correspondent November 9, 2016: Most of India is confused and in a state of panic after Prime Minister Narendra Modi announced on November 8 that 500 and 1000 rupee notes will no longer be accepted as legal tender. They will be replaced by new...
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Economy

France, Iran ink deal for South Pars gas field

International Finance Desk
by International Finance Desk
Total, along with CNPC and Petropars, would develop part of a giant gas field in South Pars IFM Correspondent November 8, 2016: In an agreement that will mark the first Western energy investment since international sanctions were lifted, Iran will sign a preliminary $6 billion deal with France’s Total SA. Under the deal, Total along...
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Economy

France, Iran ink deal for South Pars gas field

International Finance Desk
by International Finance Desk
Total, along with CNPC and Petropars, would develop part of a giant gas field in South Pars IFM Correspondent November 8, 2016: In an agreement that will mark the first Western energy investment since international sanctions were lifted, Iran will sign a preliminary $6 billion deal with France’s Total SA. Under the deal, Total along...
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Economy

Greece calls for continued Arab investment

International Finance Desk
by International Finance Desk
EU-Arab World Summit drew more than 40 companies and financial institutions of the Arab world IFM Correspondent November 8, 2016: The Greek economy is recovering and stabilising after emerging from a six-year crisis. It is a crucial time for Greece and the world is closely watching every move. At the EU-Arab World Summit held in...
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Economy

Hiring on the decline in UAE

International Finance Desk
by International Finance Desk
Highest decline is in the hospitality and oil & gas industry Suparna Goswami Bhattacharya November 7, 2016: The number of job opportunities in the UAE is on the decline. The latest Monster Employment Index (MEI), a monthly gauge of vacancies posted by employers and websites in the Middle East, shows that job opportunities dropped by...
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Economy

EU and Canada sign historic free trade agreement

International Finance Desk
by International Finance Desk
CETA was almost derailed by objections from the Wallonia region in Belgium November 4, 2016: Canadian Prime Minister Justin Trudeau flew to Brussels on the weekend to attend an EU-Canada Summit which had been delayed for three days because of opposition in Belgium to the Comprehensive Economic and Trade Agreement (CETA). Belgium came back to...
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Economy

Employment grows in the US

International Finance Desk
by International Finance Desk
Businesses added 175,000 jobs to the US economy in October IFM Correspondent November 4, 2016: US employers hired more workers in October and also hiked the wages of existing workers. Businesses added 175,000 jobs to the US economy in October and 156,000 jobs in September, while the unemployment rate ticked up to 5%. “The expected...
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BankingFinance

Falcon Private Bank appoints new Global Head for Products & Services

International Finance Desk
by International Finance Desk
Arthur Vayloyan joins the bank after a long-standing career at Credit Suisse IFM Correspondent November 23, 2016: Falcon Private Bank has appointed Arthur Vayloyan as the Global Head of Products & Services and Member of the Executive Board, effective December 1, 2016. Arthur Vayloyan has almost 25 years of banking experience. He joins Falcon Private Bank...
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FinanceWealth Management

Emirates REIT now world’s largest listed shari’ah compliant REIT

International Finance Desk
by International Finance Desk
Total assets is $773 million and market capitalisation is $333 million IFM Correspondent November 3, 2016: With a year-on-year increase of 13 per cent in total portfolio value, Emirates REIT (CEIC) Limited, one of UAE’s first regulated shari’ah compliant Real Estate Investment Trusts to be listed on Nasdaq Dubai, is now the largest shari’ah compliant...
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