Mauricio Macri

Volkswagen announces $650m investment

Buenos Aires - Muslimchronicle

German automaker Volkswagen on Friday announced a plan to invest $650 million in an Argentina plant where it will manufacture a new sport-utility vehicle, according to a statement released by the government. Business-friendly President Mauricio Macri, who ushered Argentina out of recession in 2016, has encouraged foreign investment especially after his center-right coalition's wins in last month's midterm elections. ProductionRead more

Boost for Macri in mid-term Argentina vote: exit polls

Argentin - Muslimchronicle

Argentina's President Mauricio Macri was set to make significant gains in mid-term elections Sunday, according to exit polls, giving his center-right coalition a strengthened hand to carry through pro-market economic reforms. Exit polls by TV channels TN and America 24 showed Macri's Cambiemos, or "Let's Change", coalition making nationwide gains, though neither channel gave figures shortly after polls closed. "PeopleRead more

Macri coalition likely to win Argentina's 'Big Five' districts in mid-term

Buenos Aires - Muslimchronicle

Allies of Argentina's business-friendly President Mauricio Macri could sweep the country's "Big Five" voting districts in Sunday's congressional election, neutering the opposition and advancing his chances of being re-elected in 2019. The private sector has worried about a potential comeback by former President Cristina Fernandez, a free-spending populist who nearly bankrupted the country during her 2007-2015 rule, but opinion pollsRead more

Obama plays golf with Argentina's Macri after summit

Buenos Aires - Muslimchronicle

Former US president Barack Obama played a round of golf Saturday with Argentine President Mauricio Macri, relaxing one day after a clean-energy summit in the city of Cordoba. Obama and Macri played at the Golf Club Buenos Aires, an exclusive club on the outskirts of the Argentine capital, a government statement said. The club is managed by the president'sRead more

Cancel Iran nuclear deal, Netanyahu says in Argentina

Buenos Aires - Muslimchronicle

Israeli Prime Minister Benjamin Netanyahu said Tuesday that the nuclear deal between world powers and Iran should be amended or canceled. Speaking in Buenos Aires alongside Argentine President Mauricio Macri, Netanyahu said he wanted to correct the impression in recent media reports that Israel's position on the 2015 deal had softened. "So let me take this opportunity and clarify. OurRead more

Scuffles, planes grounded in Argentina strike

Buenos Aires - Arab Today

Airlines in Argentina grounded international flights and riot police scuffled with protesters Thursday as workers staged a general strike to protest job and pay cuts. Conservative President Mauricio Macri condemned the call to strike in Latin America's third-biggest economy, where he faces midterm legislative elections in October. The strike shut down schools, banks and public transport and demonstrators blocked streetsRead more

Teacher strike closes schools in Argentina

Buenos Aires - Arab Today

A teachers' strike for higher pay in Argentina forced the suspension of classes Monday at the start of the new school term, in a challenge to President Mauricio Macri. Thousands of teachers dressed in white marched in the capital Buenos Aires to mark the start of the two-day stoppage. They are demanding a hike in wages greater than the 17Read more

Argentina, Brazil presidents to talk trade

Brasilia, Brazil - Arab Today

The presidents of Brazil and Argentina — two South American neighbors with ailing economies — are set to meet Tuesday in Brasilia for talks expected to focus on reviving the troubled Mercosur trade bloc. Brazilian President Michel Temer and his Argentine counterpart Mauricio Macri both head business-friendly administrations that came in over the last two years, ending long periods ofRead more