Middle-east Arab News Opinion | Asharq Al-awsat

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Argentina’s Economy Minister Axel Kicillof speaks during a press conference at the Argentina Consulate on July 30, 2014 in New York, following talks on Argentina’s debt. (AFP Photo/Stan Honda)

Argentina braces for market reaction to second default in 12 years

by Asharq Al-Awsat | Jul 31, 2014 | Business

Buenos Aires, Reuters—Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year. After a long...

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File photo showing an aerial view of Casablanca, Morocco, with the King Hassan II Mosque at the forefront. (Reuters)

Morocco real estate group to issue Kingdom’s first mortgage bond

by Lahssen Moqana | Jul 21, 2014 | Business

Casablanca, Asharq Al-Awsat—Morocco’s Addoha Property Group is planning to issue bonds worth 2 billion Moroccan dirhams (244 million US dollars) this week, in a bid to restructure existing debt. Issued between July 23–25 the new restructured debt will be secured...

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File photograph of Argentine peso (top) and US dollar (bottom) bills. (Ricky Rogers/Reuters/File)

IMF worries Argentine case will hamper debt relief

by Asharq Al-Awsat | Jul 26, 2013 | Business

Washington, AP—A years-long court battle in New York could have major implications for the world’s financial system as investors seek to recover unpaid debts from Argentina’s massive 2001 default. Global finance officials fear a victory by creditors could...