Category Archives: News

Chinese President’s visit to Argentina

Chinese President comes to launch the largest foreign investment in Argentina.

China will invest  USD 4,714 million to build the mega-project and another USD 2,099 s for “Belgrano Cargas”. Interest in a bi-oceanic corridor in San Juan.

Chinese President Xi Jinping will arrive in the country on July 19 to kick off the largest Chinese investment abroad : the construction of dams santacruceñas Jorge Néstor Kirchner and Cepernic . They also speed up the modernization of the Belgrano charges , the other work of interest to the Asian power . The fifteen additional projects that Argentina hoped to excite the Chinese will wait.

This was made clear Chinese Foreign Minister Wang Yi to President Cristina Fernandez and ministers with whom he met during his visit to the country. They are not insignificant investments , totaling USD 6,800 million. But for now , there will be more .

On Wednesday, Wang and Hector Timerman foreign ministers outlined the agenda for Xi , which hit the country after attending the summit of BRIC countries Brazil, on July 15 , and will be one day, as reported by The Chronicle on 1 this month. The start of construction of dams santacruceñas was on top of Chinese priorities. That country will USD 4,714 million that the work is valued . This is an unprecedented outlay for the Chinese in a third country and , at the same time , the most expensive work conceived Kirchner . Possibly , Xi and Cristina involved a kind of foundation stone laying by videoconference.

A consortium composed Electroingeniería , Osvaldo Acosta company and Gerardo Ferreyra, and carry forward the Chinese Gezhouba dam construction . 100% financing is awarded the China Development Bank (CDB ), providing a 15 -year LIBOR rate plus 3.8%. Sinosure insurance is involved in the credit.
Financial negotiations are dilated and still in its final stages . In late March , a delegation from the Chinese Ministry of Commerce in the country finalized meetings with officials and businessmen early May and sent will reach the Chinese Ministry of Finance and Economy . Ministers of Economy and Planning , Axel Kicillof Julio De Vido , also traveled to China to define the details of the agreement.
The first disbursement of money, between USD 400 and USD 500 million , scheduled for May , but was delayed . XI ‘s visit , understand sources involved in the negotiations, should expedite the arrival of currencies , which swell the reserves of the Central Bank. In total , they come between u USD 3,800 and 3,900 million to the country ; the rest will be used to buy turbines in China.
The Belgrano Cargo is the other major priority of the Chinese government. There too the CDB financed much of the work, although the Argentine State shall provide s about USD 200 million. In this case , the CBD provides a loan of USD  2,099 million to 7.1 % , and a 15 year term . Of that money , USD 1,235 million will go to work (and therefore enter the country ) and the rest to buy cars and locomotives from China. The Belgrano charges is of strategic importance to China: it looks like the gateway to the port of raw materials to purchase to Argentina .

Similarly , a work in which the Chinese mildly put the eye is the bi-oceanic corridor Agua Negra , in San Juan , which would open a goods issue for the Pacific. The Binational Entity Agua Negra tunnel ( Ebitan ) should announce in the coming weeks what consortia are finalists in the bidding for the work, valued at USD 1,275 billions . Of the 22 consortia that were submitted to the competition, there are four Chinese involvement with China Railway 18th Bureau , China Communication Construction Company, China Railway Construction ( in partnership with Electroingeniería ) and Sinohydro .

To 2013 , De Vido and Kicillof traveled to China to present another 15 investment projects by some USD 19.000 million. But Wang made ​​it clear that , for now , must wait .

BTG Said to Open Commodities-Trading Unit in Argentina

Grupo BTG Pactual (BBTG11), the only investment bank publicly traded in Brazil, opened a commodities-trading unit in Buenos Aires this month, two people with direct knowledge of the matter said.

Julian Roberts will head the business, according to one of the people, who asked not to be identified because the decision hasn’t been made public. Roberts worked at agricultural companies El Tejar SA and Bunge Ltd. (BG) before joining BTG, according to his LinkedIn profile. The people didn’t say how many employees will work at the new office.

BTG Chief Executive Officer Andre Esteves, 45, said in January that the company planned to hire 80 bankers for commodities this year, boosting the total to 200, and open offices in Geneva, Houston and Singapore. Esteves called Latin America a hub for commodities and said BTG will focus on grains and metals. Argentina has begun to harvest its largest soybean crop on record.

BTG declined to comment on the new office in Argentina, according to an official who asked not to be named in keeping with company policy. Roberts didn’t immediately respond to an e-mail and phone message.

The firm is expanding its commodities business as some of the world’s largest banks scale back, including New York-based JPMorgan Chase & Co. and Morgan Stanley as well as Barclays Plc, which has its headquarters in London.

The biggest commodities traders in Argentina include the local units of Archer-Daniels-Midland Co., Bunge, Cargill Inc., Glencore Xstrata Plc, Louis Dreyfus Commodities BV, Nidera BV and Noble Group Ltd.

Soy Harvest

The soy harvest in Argentina, the world’s largest exporter of soybean oil and derivatives, will total a record 54.5 million tons this season with a total harvest of grains of 100 million tons, according to estimates by the Buenos Aires Grains Exchange.

BTG will also open representative offices with two or three people in Ukraine, Italy and South Africa, Esteves said in January.

The bank hired economist Andres Borenstein to focus on Argentina and head research for South America’s second-largest economy, according to a March 17 report from the company. Borenstein, 42, was previously an economist at the U.K. embassy in Argentina and a professor at Torcuato di Tella university in Buenos Aires.

The proven Buenos Aires – Argentina lawyer professionals at the Kier Joffe law firm have experience working with foreign clients involved in Agricultural and Agribusiness cases in Argentina. Nordelta Buenos Aires Argentina attorney professionals are knowledgeable in almost all the practice areas of law, to service its international cases in Buenos Aires Argentina. International clients will have the confidence of knowing that the case is being handled by an experienced and knowledgeable Agricultural and Agribusiness  lawyers in Argentina.

For more information about the firm, visit www.KierJoffe.com or contact Elias Kier Joffe here.

 

 

Chevron to Invest $1.6 Billion With YPF in Argentina Shale Wells

Bloomberg.com – By Pablo Gonzalez

Chevron Corp. (CVX), the world’s third-largest oil company, signed an accord with Argentina’s YPF SA to invest $1.6 billion this year in shale development and become the country’s largest foreign producer of shale oil and natural gas.

Chevron and state-run YPF plan to drill 170 wells in a 96,000-acre area this year in Argentina’s Vaca Muerta formation, the world’s second-largest shale gas deposit and fourth-largest shale oil reservoir, both companies said today in separate statements.

Argentine President Cristina Fernandez de Kirchner’s government expropriated a 51 percent stake in YPF from Spain’s Repsol SA (REP) in April 2012 after saying the Spanish oil company hadn’t invested enough in exploration. Repsol’s board agreed in February to accept $5 billion in compensation for Argentina’s expropriation of the unit. Ending the two-year international dispute may help attract investors to the country.

“This is a significant step in our subsidiaries’ joint efforts with YPF to develop one of the most exciting shale plays in the world today,” Chevron Vice Chairman George Kirkland said in the company’s statement. “Vaca Muerta could become an important contributor to Chevron’s long-term production growth.”

Pilot Investment

The latest investment follows an initial $1.24 billion pilot investment financed by Chevron and paves the way for a total plan of $15 billion. The joint venture partners are targeting daily output of 50,000 barrels of shale oil and 3 million cubic meters of shale gas by drilling 1,500 wells.

Vaca Muerta, Spanish for dead cow, may hold 23 billion barrels of oil equivalent, according to a report by independent auditor Ryder Scott released in February 2012 by YPF.

YPF’s American depositary receipts were little changed at $30.65 at 11:52 a.m. in New YorkChevron fell 1.2 percent to $117.64.

Chevron late yesterday said it is on track to post its lowest first quarter production in eight years after bad weather disrupted operations in Central Asia and North America.

Chevron is the third most valuable oil producer after Exxon Mobil Corp., and Royal Dutch Shell Plc.

 

Argentine Utilities Surge on First Rates Increase Since 1999

Bloomberg.com By Camila Russo

Argentine natural gas distributor shares are having their best week since October after the government allowed the first rate increases in 15 years.

Transportadora de Gas del Norte SA shares have jumped 18 percent this week, the most since October, and were up 4.1 percent today to a six-year high of 2.02 pesos at 4:08 p.m. in Buenos Aires. Metrogas SA shares have rallied 13 percent this week to 1.98 pesos, the highest since 2004.

Argentina froze utility rates in 2002 to help fuel economic recovery after a financial crisis drove the country to default on $95 billion. While natural gas prices have been largely capped since, inflation at around 25 percent made costs surge, eroding companies’ income. This week’s increase is a step toward improving their finances, according to Mariano Tavelli, president of brokerage Tavelli & Cia.

“We’ll have to wait and see the real effect on balance sheets but any tariff increase is good,” he said in a telephone interview from Buenos Aires. “If this means the situation is beginning to normalize for these companies, prices are still very cheap.”

The government allowed natural gas distributors to increase rates charged to residential and commercial users by 200 percent to 650 percent, depending on the company, area and type of user, according to a resolution published in the official gazette April 7.

Part of the rates will be used to pay for the difference in natural gas prices, which also increased.

The higher rate won’t be applied to users who reduce consumption by 20 percent.

“While it probably won’t make a huge difference in the bottom line, it’s a very good sign,” said Andres Chambouleyron, a senior consultant at Chicago-based consultancy Compass Lexecon LLC. “The government recognized these companies are in trouble and did something about it.”

 

How to Immigrate to Argentina from an Arab Country

Kier Joffe Attorneys at Law: How to Immigrate to Argentina from an Arab Country

Kier Joffe Attorneys at Law: How to Immigrate to Argentina from an Arab Country

Find here the fastest and cheapest way to immigrate to Argentina from an Arab Country

EgyptAlgeriaSudanIraq MoroccoSaudi ArabiaYemenSyriaTunisiaSomaliaJordanUnited Arab EmiratesLibya PalestineLebanonOmanKuwaitMauritaniaQatarBahrainDjiboutiComoros

تجد هنا أسرع وأرخص وسيلة للهجرة إلى الأرجنتين من دولة عربية

The majority of the Arab Argentines are from either Lebanese or Syrian background with a smaller amount of Palestinian, Egyptian and Moroccan background.Among Arab Argentines, approximately 900,000 are Muslims.The interethnic marriage in the Arab community, regardless of religious affiliation, is very high; most community members have only one parent who has Arab ethnicity. As a result of this, the Arab community in Argentina shows marked language shift away from Arabic. Only a few speak any Arabic, and such knowledge is often limited to a few basic words. Instead the majority, especially those of younger generations, speak Spanish as a first language.

Many have gained prominent status in national business and politics, including former president, the son of Syrian settlers from the province of La Rioja.

Experienced immigration lawyers to assist you and your family to immigrate to Argentina from an Arab Country.

We assist individuals and families from Arab countries in their efforts to relocate to Argentina and obtain Argentinian  residency and citizenship. We manage and oversee a team of local Argentinian service providers to ensure that our clients’ applications are filed properly and that all follow up work with the Direccion Nacional de Migraciones (DNM) is handled in a timely and cost-effective manner.

Our services are catered to clients who wish to rest comfortably knowing that Argentinian licensed attorneys are monitoring their immigration status.

Our package includes:
• Reviewing all necessary documentation by an Argentinian licensed attorney in conjunction with our local team of immigration experts.
• Scheduling of all necessary appointments with the DNM.
• Obtaining certified translations of all documents.
• Obtaining notary stamps on all documents from licensed escribanos (notary publics).
• Ensuring that all documents are properly registered with the civil registry.
• Accompanying you to the DNM to submit your residency application.
• Tracking your residency application and immigration status.
• Accompanying you to government offices to apply for your temporary National Identification Card (Documento Nacional de Identidad).
• Responding to any additional requests by the DNM.
• Obtaining necessary follow up documentation, translations and notary stamps.
• Updating your residency application.
• Accompanying you to government offices to apply for your permanent National Identification Card (Documento Nacional de Identidad).

Residency Process

An Overview of the Residency Application Process

Kier Joffe takes great pride in walking its clients through each step of the application process. At no point will you be left to fend for yourself and you can rest assured knowing that your application is being managed by an Argentinian licensed attorneys in conjunction with our team of local experts.

A general overview of the residency application process is as follows:

Proving Identity
The applicant must gather his or her certified birth certificate and, if applicable, a certified marriage (or dissolution of marriage) certificate. These documents must be either “apostilled” or “legalized” depending on which country issued the document.

Criminal Background
The applicant must obtain police reports from the applicant’s country of birth, countries of citizenship and each place of residency over the last 5 years. Police reports must be either “apostilled” or “legalized” depending on which country issued the document.

Traveling to Argentina and Submitting Your Application
All applicants must travel to Argentina to apply for residency. Argentina requires an entry visa for any passport holder from all the  Arab countries if the visitor’s stated purpose is tourism.

Lastly, the applicant must physically appear before the local immigration office (DNM) to submit his or her application. Appointment times should be reserved at least three weeks before the desired dates. The moment the application is accepted by the DNM the applicant is considered a temporary resident.

Residency
A temporary resident is entitled to live and work in Argentina, much like a Green Card holder is permitted to live and work in the USA. Because of the overwhelming number of residency applicants, it now takes approximately 1 to 2 years for temporary residents to be granted their permanent residency.Please note that the DNM requires that applicants actually reside in Argentina at least 6 months a year in order to be granted permanent residency.

Why should I choose Kier Joffe to assist me with my residency application?

The answer is the professional and personalized service you will receive from our attorneys in conjunction with our team of local Argentinian service providers.  We have found our services in demand by those applicants who do not wish to micromanage the affairs of Argentinian service providers who often lack the diligence and competence our clients are accustomed to. Our law firm has located the best and most diligent native residency experts so our clients will not suffer unnecessary delays in their application.

Attention!

The honest truth is that we receive a lot of inquiries per month same as yours from arabs countries.
 
We are sorry but because Internet Scams without the copy of your passport we cannot help you, it is very important to establish what kind of VISA you can apply for.
Please bear in mind that the total legal fees could range from $3,000 to $8,000 USD and before you send us copy of your Biographical Passport Page to arabic@kierjoffe.com you have to pay a retainer fee of $95 USD by clicking here.
 
Thank you once again for your cooperation and we will be awaiting your passport and Credit Card payment.
The Kier Joffe Team
Arab Biographical Passport Page

Biographical Passport Page

How to Immigrate to Argentina from an Arab Country

How to Immigrate to Argentina from an Arab Country