Original version

BBC World Service Online

Business Matters

Discussion & Talk

Factual: Money

Donald Trump receives big cash pledges despite conviction

Global business and finance news and discussion from the BBC

Global business and finance news and discussion from the BBC.

Business Matters: Business Matters: Cuba Open for Business

News

11/04/2015

Business Matters: Cuba Open for Business

BBC World Service - Business Matters, Business Matters: Cuba Open for Business

American and Cuban businesses hope to benefit from the thaw in relations

As the leaders of the US and Cuba prepare to meet, US and Cuban businesses are poised to exploit the thaw in the relationship between the two nations

President Barack Obama and the Cuban leader Raul Castro meet formally on Saturday in Panama City. The backdrop is the Summit of the Americas - a  gathering of heads of state from the region. The meeting comes after the US announced plans to lift its trade embargo on Cuba after 50 years. And that could mean some serious money starts to flow between the two countries. Cuban American businessman Hugo Cancio runs entertainment company Fuego Enterprises and advises businesses on how to set up there, he tells Business Matters the opportunities are huge for investment.

General Electric has had fingers in many pies for decades, it's a giant in the US energy market - in aviation, transportation, healthcare..and finance  In fact it's lending business GE Capital had grown so large that if it were a bank it would be the second largest in the United Sates, by some estimates. The conglomerate now says it's going to sell its financial arm - as well as off-load most of its substantial property portfolio.

Also,  could another bubble soon be forming along Dubai's skyline? The city is showing some signs of becoming a property hotspot once again -with confidence returning to the real estate business. The BBC's Mark Lobel talks to Mohamed Alabbar, the man responsible for the construction of the world's tallest building, the Burj Khalifa.

Accessibility links

Programme Index

Business Matters

Business Matters: Cuba Open for Business

Genres

Brand

BBC World Service Online

About BBC World Service