Venezuela’s Black Currency Exchange Market: Reasons and Risks

Venezuela’s Black Currency Exchange Market: Reasons and Risks

The Venezuelan financial system is completely isolated from the rest of the world. The exchange control system in Venezuela prohibits making any kind of payment between a bank account abroad and one inside the country, or to use local credit cards abroad or online without the approval from the Commission of Foreign Exchange Administration. As […]

Emerging Crime Trends In Currency Exchange Industry

Posted on Jun 16, 2013 in Latin American Investment

U.S. prosecutors have recently filed an indictment against the operators of the Costa Rica-based currency exchange, Liberty Reserve, accusing it of helping criminals around the world to launder more than US$ 6 billion. The laundered funds have been linked to everything from child pornography to software for hacking into banks. Any currency exchange business risks […]

UAE Port Operator Begins Ops in Brazil

UAE based logistics company Gulftainer is making its first foray into Latin America with a contract to undertake port operations in Recife Port in Brazil. Operations are set to begin in the second half of this month with an initial investment of $25 million in capital equipment. Gulftainer, which handles containers in Khorfakkan and Port Khalid […]

Latin America India Investors Forum

LatinFinance* reports that “investment and trade between India and Latin America increased to US$23bn in 2010 from $2.1bn in 2000. It is projected to reach $30bn by 2012 illustrating that the relationship between the two regions is growing deeper and becoming strategically important to the global economy.” The Latin America India Investors Forum, November 17 […]

Islamic and Emerging Markets Expected to be Trade Leaders

Islamic and emerging markets are the places to be in coming years, according to Romy Buchari, a senior executive with HSBC’s Islamic banking section. HSBC’s recent forecast indicates that the UAE, Malaysia and Indonesia will emerge as major players as global trade volumes jump 73% to $40 trillion in the next 15 years. Muslim countries […]

Middle East Air Passenger Demand Grows

  Airline passenger demand is picking up in the Middle East, with growth pegged at 9.1 percent in September. Passenger growth surpassed the global average of 5.6 percent over the same month last  year, but lagged behind growth in Latin America and Europe. That said, freight volumes had dipped significantly in the third quarter, five […]

Continued Growth Seen (and Predicted) in Trade

Business in the UAE is picking up, according to recent reports. Foreign, non-oil trade increased 22% in the first half of 2011, as compared with the same period last year. Figures released by the Federal Customs Authority the UAE’s non-oil foreign trade increased by AED 80.7 billion to AED 445 billion. According to the figures, […]

Qatar Trade with Latin America and Emerging Markets To Dominate Trade

Qatar’s trade volume is expected to grow more than twice as fast as the world average in the next 15 years, according to a study by HSBC. Thanks to deals in Latin America, Asia and MENA the rate of growth is expected to rise to 160% compared with the world average of 73%. Qatar now […]


Warning: A non-numeric value encountered in /home/emiratesbusiness/public_html/wp-content/plugins/ultimate-social-media-icons/libs/controllers/sfsi_frontpopUp.php on line 59