Posts Tagged ‘Bank’

Israel attempts to rescue Palestinian economy

The Media Line Staff Palestinian Territory Linda Gradstein (The Medi – As the Palestinian economy falters, Israel recently asked the International Monetary Fund, the IMF, for a bridge loan of $100 million to help the Palestinian Authority (PA) pay June salaries. Since the PA is not a state, it cannot appeal directly to the IMF. [...]

Microloan demand grows in the West Bank and Gaza Strip, despite the risks

Gaza, Palestinian Territory (IRIN) – The demand for microloans has risen steeply in the West Bank and Gaza Strip in recent years, according to data from the Palestinian Network for Small and Microfinance (Sharakeh), which represents 11 microfinance non-profit institutions whose total loan portfolio was US$75 million by the end of 2011. Between 2007 and [...]

Israel’s shrinking middle class

The Media Line Staff Jerusalem, Israel David Rosenberg / The Med – Israel’s middle class – the people who keep the country’s high tech industry humming, pay most of the taxes, serve in the army and volunteer for school committees – is shrinking even as the economy is thriving and unemployment is at its lowest [...]

Visions for a healthier West Bank economy

Ramallah, Palestinian Territory (IRIN) – Izz Tawil draws a black circle on the flip-chart in his office in Ramallah, capital of the West Bank in the occupied Palestinian territory (oPt). “The Palestinian economy is a closed cash-circle,” the general manager of the Palestinian microfinance network Sharakeh explains. He goes on to draw several small arrows [...]

49ers, city of Santa Clara announce loan deal for new stadium project

John Nestor – AHN Sports Correspondent Santa Clara, CA, United States (AHN Sports) – The San Francisco 49ers might need a name change soon. The 49ers and the City of Santa Clara announced Friday that they have secured funding for a new stadium project. Santa Clara is about 45 miles south of San Francisco. The [...]

Greeks protest over fresh austerity measures

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Thousands of Greek workers went back to the streets on Thursday to protest the fresh round of austerity measures the government had to put in place to qualify for more bailout from the European Central Bank and the International Monetary Fund. To get $10.95 billion (EUR [...]

Lagarde warns of dangerous new phase for global economy

Vittorio Hernandez – AHN News Jackson Hole, WY, United States (AHN) – International Monetary Fund Managing Director Christine Lagarde warned over the weekend of a new danger facing the global economy. She identified the dangerous new phase as the growing sense that policymakers lack conviction or are not willing to make decisions that are needed. [...]

Foreclosure Contractors Face New Scrutiny From States

ProPublica Staff United States (ProPublica) – by Marian Wang While federal and state officials investigating flawed foreclosures have largely focused on holding the banks accountable and bringing relief to wronged homeowners, officials in a few states have begun targeting the more obscure middlemen of the foreclosure scandal. Prosecutors in California and Illinois have sent subpoenas [...]

Obtaining a Business Loan From A Bank In The UK

The process of obtaining a business loan from a bank in the UK is almost the same procedure it would take one to borrow money from a money lender, even though obtaining business loans demand stricter assurance of payback. People normally borrow business loans to establish new businesses or to boost an already existing business. [...]

Oil to drop below $100 in Q2 – Merrill Lynch

OIL prices may dip below US$100 in Q2 according to Bank of America Merrill Lynch due to fiscal tightening in the US as well as Libyan supplies coming back online. The recent run-up in oil prices prompted Brent crude to rise over US$120 a barrel. “With View full post on All Stories

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