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 […]

Latin American – MENA Trade Surges

Trade between Latin America and MENA states is surging despite disruptions caused by the Arab Spring, according to the Financial Times. The trade is focused primarily on commodities at this point with Sovereign wealth funds playing a prominent role. Qatar and Abu Dhabi have been the most active in Latin America, and Brazil’s exports to […]

GCC Investors Urged to Diversify into Brazil

At a conference held in DIFC CEO Raul Silva of Dubai-based United Investment Bank urged GCC investors to diversify into Brazil. Silva commented, ‘Brazil is set to become the world’s fifth largest consumer market in the next decade. When you witness the rising purchasing power of the lower and middle classes in the largest country […]

The UAE and Latin America: An Investment Partnership on the Rise

by Arti Sangar Partner, DiazReus, Dubai Resource-rich Latin America has enormous investment opportunities which have been untapped by the United Arab Emirates (UAE). At the same time, the governments of Latin American countries such as Argentina, Brazil, Chile, Colombia, Mexico and Venezuela are opening their doors to Middle East investment. The UAE’s strong economy with […]

Brazil Exports to Arab World at Record Levels

Exports from Brazil to the Arab world generated a record US$ 1.824 billion in August, growth of 51% over the same month last year, according to Brazil’s Ministry of Development, Industry and Foreign Trade. Exports to the Emirates, Algeria and Morocco grew by 25% to  US$ 495.5 million. The exports show great demand in the industrial […]

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