The initial step to understanding Panama stock broker accounts is to know the basics of how the stock markets work. A stock is the term used to connote the smallest component of ownership in a company. If you own a stock, this signifies you are part owner of that company. This means that you have a right to vote on decisions made by the company and if that company distributes out its profits to the shareholders, you will likely get your fair share too.
When choosing your own stock, the key element to look at from the company profile is of course the earnings of the company. The earnings or most commonly known as the profit of the business is the determinant of how much a stock will cost. But when actually buying one, you must also focus on the value of that stock in the future. One thing to look at is the product of that company. Make sure that the product is still saleable in the future for you to reap out all the benefits from being a part owner of any reputable company. Stock brokers will definitely come into play when you choose your stocks from the market. If you have already chosen a stock that will suit your needs and preferences then go ahead and buy it.
Buying stocks have been basically hands on during the years that have passed but nowadays off shore stock trading accounts can be found in some countries. One such country is Panama, the land dubbed as the Bridge of the World.
Panama has a number of exceptional and private features that make offshore stock brokerage accounts safe and easy to use. Panama offers a stable and neutral form of government that eliminates the danger of losing track of your money because of political upheavals that may arise. This peaceful country also holds a treaty with the USA that allows USA to grant protection to it from any form of invasion or upheaval.
You also do not have to be physically present in the country to get a stock brokerage account in this place. Stock brokerage activities can now be done online. Auctions, purchases and other stock activities can now be made through secure email with privacy policies and anonymous services.
Trading can also be done using a personal account, foundation or a corporate account. Personal accounts must maintain balances of over ,000.00. Corporate accounts are those that use the total assets of corporations to purchase or trade stocks. Panama banking accounts arrange full service for stock brokerage accounts done in the area. Privacy and secrecy are valued virtues of these firms, and you can surely safeguard your earnings through their system.
So if you are considering going into the stock brokerage market and opening up an offshore account to safeguard your money, keep in mind that Panama has a lot to offer for you. Their excellent offshore banking system made leaps into advancing offshore trading of the stock market today.
Monday, June 18, 2012
Friday, June 15, 2012
Cheap fast debt consolidation loan!
How would your financial life be, if you were to make a single payment in place of numerous loans? You don't have to shun away from your creditors' calls avoiding his threatening calls nor do you have to miss out on your loan payments. Cheap fast debt consolidation brings you the well deserved solace and replaces all your multiple monthly bills with single cheap debt consolidation bill. The main objective of fast debt management services such as best consolidation loans or direct debt free advice is to clear of a substantial portion of your debts within a span of 5 years.
A cheap debt consolidation loan fast is a consolidation loan procured at a lower interest rate for the benefit of both a debtor and a creditor. A creditor agrees to a debt
consolidation loan as he is sure of recouping at least a portion of his debts if not the whole amount and on the other hand a debtor gets an opportunity to repay back with lesser EMI.
Fast debt management service includes a debt consolidation loan cheap, direct debt free advice and debt relief services. When do you apply for a fast cheap debt consolidation loan?
-When you are tired of repaying numerous debt payments and want to repay back in a single payment
-Not able to meet the high interest loans
-Lock in at fixed interest rate instead of varying interest rate
-Reduce your monthly budget towards debt repayment
-Pay off existing debt and get debt free with best consolidation loans!
Consider the main objective of cheap debt consolidation loan with a direct debt free advice:
Firstly, such a fast cheap consolidation debt will offer financial succour and comforts those borrowers who are battling with the debt problems and are looking out for ways to free of high interest debt.
Secondly, cheap debt consolidation loan fast is offered at a low rate and is approved quickly. And the lender can retrieve the loan amount from the defaulters and non payers,which would have otherwise been difficult.
Also be aware of the fact that best debt consolidation loan is not a panacea of all your debt problems. It can do away with a substantial amount of debts and if you follow your budget properly, you can clear maximum amount of your debts. One needs to understand the importance of debt consolidation loan before opting for one and choose a cheap fast debt consolidation loan lender carefully who not only offers loan to you but also guides you with a free and sound advice that is offered to you directly.
A cheap debt consolidation loan fast is a consolidation loan procured at a lower interest rate for the benefit of both a debtor and a creditor. A creditor agrees to a debt
consolidation loan as he is sure of recouping at least a portion of his debts if not the whole amount and on the other hand a debtor gets an opportunity to repay back with lesser EMI.
Fast debt management service includes a debt consolidation loan cheap, direct debt free advice and debt relief services. When do you apply for a fast cheap debt consolidation loan?
-When you are tired of repaying numerous debt payments and want to repay back in a single payment
-Not able to meet the high interest loans
-Lock in at fixed interest rate instead of varying interest rate
-Reduce your monthly budget towards debt repayment
-Pay off existing debt and get debt free with best consolidation loans!
Consider the main objective of cheap debt consolidation loan with a direct debt free advice:
Firstly, such a fast cheap consolidation debt will offer financial succour and comforts those borrowers who are battling with the debt problems and are looking out for ways to free of high interest debt.
Secondly, cheap debt consolidation loan fast is offered at a low rate and is approved quickly. And the lender can retrieve the loan amount from the defaulters and non payers,which would have otherwise been difficult.
Also be aware of the fact that best debt consolidation loan is not a panacea of all your debt problems. It can do away with a substantial amount of debts and if you follow your budget properly, you can clear maximum amount of your debts. One needs to understand the importance of debt consolidation loan before opting for one and choose a cheap fast debt consolidation loan lender carefully who not only offers loan to you but also guides you with a free and sound advice that is offered to you directly.
Motivation Letter For Home Loan
Have you ever applied for a home loan? If yes, then the chances are that you must have been told to write a motivation letter for home loan. Let us know what exactly a motivation letter is and why is it needed...
When applying for a home loan, you will be asked for a brief cover letter to convince the bank that you are creditworthy and you can afford the loan. Writing a motivation letter for home loan can help you make a strong statement on your behalf and can make your application stand out from the rest. The motivation letter should be formal, but at the same time it should be persuasive enough to work in your favor. A brief, to the point motivation letter ensures that your case is evaluated quickly and the bank trusts you with lending its money.
How to Write a Motivation Letter for Home Loan
As this letter will play an important role in determining whether you get the loan or not, allot considerable amount of time to write it. To make a strong case, address the letter to a personal banker or a loan officer who is in-charge of the home loans department. Make sure that you know the name of the officer and spell it correctly. Just below his name, write the title, i.e, the capacity in which he is working in the bank. Explain your strengths and emphasize how important this home loan is for you. Do mention some of the weaknesses you might have and your plan of action to overcome these. Make a small introduction to yourself, like your employment, personal history including any other loans that you might have. Remember that the letter is to be written in a formal style and should not contain slang and any other abbreviations. It should have a cordial greeting and a formal exit. The letter should be written in a simple language and the use of jargon should be avoided.
This was a motivation letter format, let us now take a look at an example of motivation letter for home loan.
Sample Motivation Letter for Home Loan
Name
Address
Date
Dear Loan Officer,
This letter is regarding my home loan request as mentioned by you in our appointment on _________. I have enclosed all the required documents along with this letter.
I am requesting a home loan of 0,000 from your bank as I am thinking of fulfilling a long cherished dream of owning a home. I have carefully taken a look at all the options that I have and have decided that the home loan payment plans offered by you are the most competitive in the market, not to forget the easy and flexible repayment options that your esteemed bank has to offer.
I am currently employed with XYZ Private Limited as an assistant manager and have been working there from the past 10 years. For my work related verification, you can call on the number_____________, or you can write to them at _______________.
I have recently checked my credit rating and the report is good, with a decent credit score. I have also enclosed my salary breakdown which shows that how much can I allot for repayment of the loan amount every month.
I will be really grateful to you if you consider my loan application. In case of any questions or clarifications, you can contact me on ______________. I would be available in case you want to have a meeting with me. Looking forward to hear from you soon.
Yours Sincerely
Name
Signature
This was a sample motivation letter for mortgage loan. Many times people rush through the letter and miss on the important points or make it too lengthy or informal. As mentioned before, while writing a motivation letter for home loan you have to be careful with your choice of words. It has to be convincing but should not make the bank feel that everyone else has refused you and you are too desperate to make it this time around. We hope that this article on motivation letter for home loan would have familiarized you with the important part a motivation letter plays while applying for a home loan.
When applying for a home loan, you will be asked for a brief cover letter to convince the bank that you are creditworthy and you can afford the loan. Writing a motivation letter for home loan can help you make a strong statement on your behalf and can make your application stand out from the rest. The motivation letter should be formal, but at the same time it should be persuasive enough to work in your favor. A brief, to the point motivation letter ensures that your case is evaluated quickly and the bank trusts you with lending its money.
How to Write a Motivation Letter for Home Loan
As this letter will play an important role in determining whether you get the loan or not, allot considerable amount of time to write it. To make a strong case, address the letter to a personal banker or a loan officer who is in-charge of the home loans department. Make sure that you know the name of the officer and spell it correctly. Just below his name, write the title, i.e, the capacity in which he is working in the bank. Explain your strengths and emphasize how important this home loan is for you. Do mention some of the weaknesses you might have and your plan of action to overcome these. Make a small introduction to yourself, like your employment, personal history including any other loans that you might have. Remember that the letter is to be written in a formal style and should not contain slang and any other abbreviations. It should have a cordial greeting and a formal exit. The letter should be written in a simple language and the use of jargon should be avoided.
This was a motivation letter format, let us now take a look at an example of motivation letter for home loan.
Sample Motivation Letter for Home Loan
Name
Address
Date
Dear Loan Officer,
This letter is regarding my home loan request as mentioned by you in our appointment on _________. I have enclosed all the required documents along with this letter.
I am requesting a home loan of 0,000 from your bank as I am thinking of fulfilling a long cherished dream of owning a home. I have carefully taken a look at all the options that I have and have decided that the home loan payment plans offered by you are the most competitive in the market, not to forget the easy and flexible repayment options that your esteemed bank has to offer.
I am currently employed with XYZ Private Limited as an assistant manager and have been working there from the past 10 years. For my work related verification, you can call on the number_____________, or you can write to them at _______________.
I have recently checked my credit rating and the report is good, with a decent credit score. I have also enclosed my salary breakdown which shows that how much can I allot for repayment of the loan amount every month.
I will be really grateful to you if you consider my loan application. In case of any questions or clarifications, you can contact me on ______________. I would be available in case you want to have a meeting with me. Looking forward to hear from you soon.
Yours Sincerely
Name
Signature
This was a sample motivation letter for mortgage loan. Many times people rush through the letter and miss on the important points or make it too lengthy or informal. As mentioned before, while writing a motivation letter for home loan you have to be careful with your choice of words. It has to be convincing but should not make the bank feel that everyone else has refused you and you are too desperate to make it this time around. We hope that this article on motivation letter for home loan would have familiarized you with the important part a motivation letter plays while applying for a home loan.
Wednesday, June 13, 2012
Walmart Credit Card - A Personal, Safe and Exclusive Experience
The Walmart Credit Card is a Store Offer and is issued by GE Money and aims to be used "personally" and by consumers with a fair credit history. Though not mandatory, yet a FICO score of 632 would put you in a better position as far as the approval for the Walmart Credit Card is concerned. The card issuer may expect a few discrepancies but based on the FICO score recommendation if you have a recently clean credit record without any negative mark on your report you can sail through the approval process with little difficulty and enormous success. However, there are other issues too, which decide in the application for the Walmart Credit Card being approved.
The approval time for the Walmart Credit Card is relatively lesser than its counterparts. It might give you instant approval decision if your application information is complete, is beyond questions and has no other loophole in it. The system shows your approval status to you shortly after you submit your application online, so gone are the days when you had to wait for days on your application status. After your application is approved you can expect your credit card to arrive anytime between 1 to 2 weeks.
The Walmart Credit Card is not a rewards card although it has no annual fee. There is no introductory APR for the Walmart Credit Card hence the lowest standard APR of 12.37% applies immediately; however APR's may vary among applicants. The lowest standard APR of 12.37% is variable and varies according to the fluctuations in the U.S. prime rates. The program's terms and conditions tell you how to compute your applicable APR.
Since the Walmart Credit Card is unlike any traditional credit card, it accepted only in the relative areas. The Walmart Credit Card is a store or catalog card and is aims at consumers or personal use'. Hence it is accepted at places like Wal-Mart, SAM'S CLUB and Walmart.com. With the use of the Walmart Credit Card you can save 3 per gallon at all the participating Wal-Mart and SAM's Club gas stations or you can make in-store payments at any Wal-Mart or SAM'S CLUB register. What's more there are special financing offers with the Walmart Credit Card giving you that extra edge. This card gives you the grace period of 25 days in the least; hence you don't have to pay interest charges during those days as they are inapplicable. You can also choose the due date of your payment, so the ball is always in your court.
With the Walmart Credit Card you have fraud liability, so you can sit back and relax without worrying too much. The Walmart Credit Card understands your love for your family and that is why it provides you with additional cards for you family members and that too without any extra cost. If you thought that you needed another reason for applying for the Walmart Credit Card, here's more coming your way. The Walmart Credit Card not only understands your need for security and privacy but also respects it; thus, your access to your account information is absolutely secure, free from prying eyes and potential hackers.
The approval time for the Walmart Credit Card is relatively lesser than its counterparts. It might give you instant approval decision if your application information is complete, is beyond questions and has no other loophole in it. The system shows your approval status to you shortly after you submit your application online, so gone are the days when you had to wait for days on your application status. After your application is approved you can expect your credit card to arrive anytime between 1 to 2 weeks.
The Walmart Credit Card is not a rewards card although it has no annual fee. There is no introductory APR for the Walmart Credit Card hence the lowest standard APR of 12.37% applies immediately; however APR's may vary among applicants. The lowest standard APR of 12.37% is variable and varies according to the fluctuations in the U.S. prime rates. The program's terms and conditions tell you how to compute your applicable APR.
Since the Walmart Credit Card is unlike any traditional credit card, it accepted only in the relative areas. The Walmart Credit Card is a store or catalog card and is aims at consumers or personal use'. Hence it is accepted at places like Wal-Mart, SAM'S CLUB and Walmart.com. With the use of the Walmart Credit Card you can save 3 per gallon at all the participating Wal-Mart and SAM's Club gas stations or you can make in-store payments at any Wal-Mart or SAM'S CLUB register. What's more there are special financing offers with the Walmart Credit Card giving you that extra edge. This card gives you the grace period of 25 days in the least; hence you don't have to pay interest charges during those days as they are inapplicable. You can also choose the due date of your payment, so the ball is always in your court.
With the Walmart Credit Card you have fraud liability, so you can sit back and relax without worrying too much. The Walmart Credit Card understands your love for your family and that is why it provides you with additional cards for you family members and that too without any extra cost. If you thought that you needed another reason for applying for the Walmart Credit Card, here's more coming your way. The Walmart Credit Card not only understands your need for security and privacy but also respects it; thus, your access to your account information is absolutely secure, free from prying eyes and potential hackers.
Tuesday, June 12, 2012
Car Lease Specials: The Jaguar XF
With the new year coming up fast, it seems that everybody is gearing up to check out all sorts of car lease specials; especially with the many rumored super cars that are coming out in 2008. One of these cars is more anticipated than any other and that's none other than the new Jaguar XF. Unlike the Jaguar of old, this one really does resemble the mean looks of an actual big cat. The Jaguar XF goes beyond the traditional standards of the classy Jag we are all used to.
What we know about this jaguar that's due out in March is that while it uses the old S-Type bases and suspension from the XK coupe, what it looks like is entirely different. It takes on a sportier more than luxurious look although it doesn't give up too much as it still looks like a million dollars. It will definitely be a head turner for a much younger market, but this doesn't mean it will alienate the Jaguar's dedicated market as it still retains the class that Jag is known for; this is especially true if you manage to get one of these car lease specials in a dark color, like black.
What you see outside is definitely not true inside the XF. The exterior is a lot ore buff but inside, you may be surprised with the luxury of space that you will enjoy. The seats are not as bulky as you might expect and this offers an impression of more air and space. However, this is a good thing, especially with all the things that this car packs in. Expect wood and aluminum alloy on the inner sides, a lowered dashboard, a rotary gear selector in the center and a starter button that flashes upon entering the car. As a standard, consumers get cruise control, heated seats and satellite navigation! That leaves room for the imagination as far as add-ons are concerned.
Speaking of room, the Jaguar XF has just enough of it. In fact, a six-foot person sitting in the back will actually have a lot of head room left between his or head and the ceiling. Foot room is quite spacious but the 500-liter trunk space is a lot more generous and the back seats also fold for additional space.
Expect the Jaguar XF to "hit the shelves" on March 1 2008. It will come in two whopping 4.2 liter V8 models, one with a supercharger and one without. There will also be a 3.0 liter V6 for the slightly less adventurous and a 2.7 liter V6 turbo diesel for the gas-consumption conscious. This is the definitely the cat to beat as soon as it hits the market and at over ,000, this price range is only rivaled by Germany's BMW 550i M Sport. It all depends in what class you choose to belong to when it comes to shopping for the top car leasing specials.
More car leasing specials information can be found at .
What we know about this jaguar that's due out in March is that while it uses the old S-Type bases and suspension from the XK coupe, what it looks like is entirely different. It takes on a sportier more than luxurious look although it doesn't give up too much as it still looks like a million dollars. It will definitely be a head turner for a much younger market, but this doesn't mean it will alienate the Jaguar's dedicated market as it still retains the class that Jag is known for; this is especially true if you manage to get one of these car lease specials in a dark color, like black.
What you see outside is definitely not true inside the XF. The exterior is a lot ore buff but inside, you may be surprised with the luxury of space that you will enjoy. The seats are not as bulky as you might expect and this offers an impression of more air and space. However, this is a good thing, especially with all the things that this car packs in. Expect wood and aluminum alloy on the inner sides, a lowered dashboard, a rotary gear selector in the center and a starter button that flashes upon entering the car. As a standard, consumers get cruise control, heated seats and satellite navigation! That leaves room for the imagination as far as add-ons are concerned.
Speaking of room, the Jaguar XF has just enough of it. In fact, a six-foot person sitting in the back will actually have a lot of head room left between his or head and the ceiling. Foot room is quite spacious but the 500-liter trunk space is a lot more generous and the back seats also fold for additional space.
Expect the Jaguar XF to "hit the shelves" on March 1 2008. It will come in two whopping 4.2 liter V8 models, one with a supercharger and one without. There will also be a 3.0 liter V6 for the slightly less adventurous and a 2.7 liter V6 turbo diesel for the gas-consumption conscious. This is the definitely the cat to beat as soon as it hits the market and at over ,000, this price range is only rivaled by Germany's BMW 550i M Sport. It all depends in what class you choose to belong to when it comes to shopping for the top car leasing specials.
More car leasing specials information can be found at .
Sunday, June 10, 2012
Earn 750000 tax-free! - A capital gains exemption allowed by CRA
If you sell shares of SMALL CANADIAN CORPORATION, you may be able to take advantage of 750,000 capital gains exemption!
Section 110.6 of the Income Tax Act (ITA) allows 750,000 tax-free capital gains to individuals. This exemption is valid for the gain on sale of shares of small business i.e. "qualified small business corporation share", as defined by ITA S.110.6(1) to be considered as such, the business has to meet several criteria:
" means a share of the capital stock of a corporation that,
(a) at the determination time, is a share of the capital stock of a small business corporation owned by the individual, the individual's spouse or common-law partner or a partnership related to the individual,
(b) throughout the 24 months immediately preceding the determination time, was not owned by anyone other than the individual or a person or partnership related to the individual, and
(c) throughout that part of the 24 months immediately preceding the determination time while it was owned by the individual or a person or partnership related to the individual, was a share of the capital stock of a Canadian-controlled private corporation more than 50% of the fair market value of the assets of which was attributable to
(i) assets used principally in an active business carried on primarily in Canada by the corporation or by a corporation related to it"
Example:
Mr. Holder owns 30% of shares of Holding Corp. The shares were acquired two years ago for 500,000. Holding Corp. is a Canadian-controlled private corporation that uses its assets in active business done in Canada. This year Mr. Holder sells his shares to Mr. Rich for 1,150,000. Thereby, Mr. Holder will receive a taxable capital gain from sale of his shares in the amount of 650,000. Upon satisfying all criteria for Capital Gains Deduction, the gain of 650,000 will not be taxable. Mr. Holder will also be able to use the remaining 100,000, left from previously available 750,000 to use in future years.
There are several provisions in the Act that leave CRA some freedom of discretion to prevent abuse of the provision by aggressive tax planning. Sections 110.6(7) and 110.6(8)deal with corporation's cost manipulation issue, the second, however, might present an issue to the honest taxpayer as well, by the way it disqualifies the companies that did not distribute dividends in the amounts comparable with their earnings in the past years.
A petty arises when the business is sold and the buyer leans more towards making asset transfer instead of transferring ownership of the Corporation. The buyers are often advised by their lawyers that buying the assets of the business alone safeguards them from any problems from the corporation's past, such as audits, creditor's or customer's claims. In that case the corporation stays with the owner, and the advantage of the capital gains exemption is foregone.
The way to satisfy both buyer and seller in that case may be that the owner sells the corporation to third party and takes advantage of available 750,000 capital gains exemption, and later the third party sells the assets of the business to the intended buyer. The third party retains the corporation.
As the matter is complicated it is highly desirable to obtain professional advice and business deal planning ahead of time. Here, the authors only aimed to grasp the general idea.
Important notice: The information above may reflect a subjective interpretation by the author(s), who, by no means may accept any responsibility or liability whatsoever for the results of proper or improper use of the above information, whole or in part, it as well is explicitly stated that whatever information provided by authors, may not suit specific purpose of specific reader, and it alone may not be relied upon to produce decision. In each individual case professional advice must be obtained.
Section 110.6 of the Income Tax Act (ITA) allows 750,000 tax-free capital gains to individuals. This exemption is valid for the gain on sale of shares of small business i.e. "qualified small business corporation share", as defined by ITA S.110.6(1) to be considered as such, the business has to meet several criteria:
" means a share of the capital stock of a corporation that,
(a) at the determination time, is a share of the capital stock of a small business corporation owned by the individual, the individual's spouse or common-law partner or a partnership related to the individual,
(b) throughout the 24 months immediately preceding the determination time, was not owned by anyone other than the individual or a person or partnership related to the individual, and
(c) throughout that part of the 24 months immediately preceding the determination time while it was owned by the individual or a person or partnership related to the individual, was a share of the capital stock of a Canadian-controlled private corporation more than 50% of the fair market value of the assets of which was attributable to
(i) assets used principally in an active business carried on primarily in Canada by the corporation or by a corporation related to it"
Example:
Mr. Holder owns 30% of shares of Holding Corp. The shares were acquired two years ago for 500,000. Holding Corp. is a Canadian-controlled private corporation that uses its assets in active business done in Canada. This year Mr. Holder sells his shares to Mr. Rich for 1,150,000. Thereby, Mr. Holder will receive a taxable capital gain from sale of his shares in the amount of 650,000. Upon satisfying all criteria for Capital Gains Deduction, the gain of 650,000 will not be taxable. Mr. Holder will also be able to use the remaining 100,000, left from previously available 750,000 to use in future years.
There are several provisions in the Act that leave CRA some freedom of discretion to prevent abuse of the provision by aggressive tax planning. Sections 110.6(7) and 110.6(8)deal with corporation's cost manipulation issue, the second, however, might present an issue to the honest taxpayer as well, by the way it disqualifies the companies that did not distribute dividends in the amounts comparable with their earnings in the past years.
A petty arises when the business is sold and the buyer leans more towards making asset transfer instead of transferring ownership of the Corporation. The buyers are often advised by their lawyers that buying the assets of the business alone safeguards them from any problems from the corporation's past, such as audits, creditor's or customer's claims. In that case the corporation stays with the owner, and the advantage of the capital gains exemption is foregone.
The way to satisfy both buyer and seller in that case may be that the owner sells the corporation to third party and takes advantage of available 750,000 capital gains exemption, and later the third party sells the assets of the business to the intended buyer. The third party retains the corporation.
As the matter is complicated it is highly desirable to obtain professional advice and business deal planning ahead of time. Here, the authors only aimed to grasp the general idea.
Important notice: The information above may reflect a subjective interpretation by the author(s), who, by no means may accept any responsibility or liability whatsoever for the results of proper or improper use of the above information, whole or in part, it as well is explicitly stated that whatever information provided by authors, may not suit specific purpose of specific reader, and it alone may not be relied upon to produce decision. In each individual case professional advice must be obtained.
Serbia To Receive
Al Dahra Pledges to Invest in Agriculture and Boost Serbian Exports
As reported by the United Arab Emirates news agency,WAM, on 25 January 2013, the Arab country has gone firm on its planned investment in the Balkans. At an official ceremony held at the Ministry of Finance and Industry in Abu Dhabi,Serbia's Finance and Economy Minister, Mladjan Dinkic, and Vice Chairman of Al Dahra Agricultural Company, Khadim Al Darei, signed a preliminary agreement for joint investment in the Southeast-European country's agricultural sector.
The Abu Dhabi-based company's pledge to invest in agriculture marks the beginning of a joint venture which will invest in eight Serbian farming companies. The agreement includes the upgrade of agricultural infrastructure and irrigation systems, as well as the acquisition of new farming technologies and machineries. The plan also involves the development of existing agricultural lands for the cultivation of various crops including corn, barley, wheat, sugar beet, soy beans, forage and citrus fruit over an area of about 14,000 hectares of owned and leased land.
Al Dahra is expected to inject an overall amount of about 200 million (170 million) into Serbia's agricultural sector, boosting the Southeast-European country's exports a year after drought caused an output decline of 17 per cent and damage of up to 1.5 billion (1.2 billion), which combined to push the country's gross domestic product down by an estimated two percent.By moving towards the realisation of its plans to invest in agriculture, Al Dahra also aims to meet Abu Dhabi's vision for long-term food security whereby a share of the
Serbian crops production will be supplied to the UAE market.
Khadim Al Darei confirmed that the newventure will enhance Serbia's position on the international agricultural trading map, while also contributing to the Emirates' vision for food security and sustainability.For his part, Serbia's Dinkic was quoted by WAM as saying:"We look forward to jointly reaping the benefits of these investments".
New Agricultural Company
Along with the announcement of its plans to invest in agriculture, Al Dahra stated that it has further ambitions for partnership with the Serbian government. The Abu Dhabi-based company revealed that it has started working on the establishment of a new company to operate in the Balkan country. Al Dahra Agriculture Serbia, which is set to launch this year, will be 80-per-cent owned by Al Dahra, with the remaining 20 per cent share being held by the Republic of Serbia.
As reported by the United Arab Emirates news agency,WAM, on 25 January 2013, the Arab country has gone firm on its planned investment in the Balkans. At an official ceremony held at the Ministry of Finance and Industry in Abu Dhabi,Serbia's Finance and Economy Minister, Mladjan Dinkic, and Vice Chairman of Al Dahra Agricultural Company, Khadim Al Darei, signed a preliminary agreement for joint investment in the Southeast-European country's agricultural sector.
The Abu Dhabi-based company's pledge to invest in agriculture marks the beginning of a joint venture which will invest in eight Serbian farming companies. The agreement includes the upgrade of agricultural infrastructure and irrigation systems, as well as the acquisition of new farming technologies and machineries. The plan also involves the development of existing agricultural lands for the cultivation of various crops including corn, barley, wheat, sugar beet, soy beans, forage and citrus fruit over an area of about 14,000 hectares of owned and leased land.
Al Dahra is expected to inject an overall amount of about 200 million (170 million) into Serbia's agricultural sector, boosting the Southeast-European country's exports a year after drought caused an output decline of 17 per cent and damage of up to 1.5 billion (1.2 billion), which combined to push the country's gross domestic product down by an estimated two percent.By moving towards the realisation of its plans to invest in agriculture, Al Dahra also aims to meet Abu Dhabi's vision for long-term food security whereby a share of the
Serbian crops production will be supplied to the UAE market.
Khadim Al Darei confirmed that the newventure will enhance Serbia's position on the international agricultural trading map, while also contributing to the Emirates' vision for food security and sustainability.For his part, Serbia's Dinkic was quoted by WAM as saying:"We look forward to jointly reaping the benefits of these investments".
New Agricultural Company
Along with the announcement of its plans to invest in agriculture, Al Dahra stated that it has further ambitions for partnership with the Serbian government. The Abu Dhabi-based company revealed that it has started working on the establishment of a new company to operate in the Balkan country. Al Dahra Agriculture Serbia, which is set to launch this year, will be 80-per-cent owned by Al Dahra, with the remaining 20 per cent share being held by the Republic of Serbia.
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