One of the leading banks in Europe, CaixaBank has set up its new office at Dubai from where it will be managing its business in UAE. The reason cited behind locating its business in Dubai is that the region's environmental conditions are adequate for the bank's growth.

The CaixaBank's Deputy Chairman and Chief Executive, Juan Maria Nin, said that the Dubai's management techniques and its financial activities are much better than the other locations where its offices are located.

Woori Finance Holdings Cooperation, which was established in 2001, is Korea's largest financial holding company in terms of assets, and seems it is going to expand its power outside the nation as well as it's going to team up with Spain's Banco Bilbao Vizcaya Argentaria SA to mark its presence in America.

"It also proves our commitment toward the Italian and Spanish solar markets, where we continue to develop and build outstanding projects, as well as support top local developers”, added the General Manager of SunEdison for Europe, Middle East, North Africa and Latin America, Pancho Perez.

In addition, the GM has pinpointed transaction and marked them to reflect the SunEdison's capabilities and efficiencies to produce charming solar investments along with pioneering financing as well as proved cost structures.

As per reports, adding more concerns for the Spanish economic index, consecutively in the fourth month, the Country’s export growth was found in a struggling condition.

Moreover, besides all these slow records, following the third quarter data verifications, the countries chief factory giants also admitted that the economy was making a slow growth.

Meanwhile, Markit financial information services company, providing independent data, valuations, trade processing loan portfolio management and environmental, too recorded its first lowest level loss with a fall of 45.3%.

According to a recent survey, it has been revealed that besides the UK, Spain is one of the best places to spend one’s life after retirement. This has been revealed according to the research conducted by the Standard Life agency.

It reported that as many as 310,000 British citizens immigrate to different places of the world. It was further revealed that as many as 800, 000 turned to Spain as their home in the last year.

Most of the investors are cautious of making any bold moves ahead of the key austerity vote that is going to be made by the Greek parliament this week, resulting which the European stocks kept on searching their directions on Monday as well.

The reports showed that the Stoxx Europe 600 index gained by 0.1% at 264.26 recently, London's FTSE 100 was also up by 0.3% at 5714.35, Frankfurt's DAX was flat at 7124.94 and Paris's CAC-40 was again 0.1% higher at
3789.37.

CB Richard Ellis -has recently said that it has advised a confidential purchaser on the acquirement of two Spanish logistics properties of 20,468 square meters and 14,501 square meters for €29 million.

This is going to be the biggest logistics agreement finalized in the Spanish market since 2007. The properties, located on the South M-50 Industrial Estate, Leganés, near Madrid, were sold by a Luxemburg-based investment fund.

Spain’s largest utility Iberdrola (IBE. MC) has recently released in a report that it has managed to generate 15.4 percent more electricity in the first quarter of this year from the same period last year, mainly due to growth in hydropower.

According to the statement released by the company, it had generated 42,454 gigawatt-hours of electricity all over the world in the first three months of this year, of which hydropower totaled for 20.8 percent and which had increased by 135.1 percent, year-on-year.

The Unlisted Spanish cable company ONO has recently announced that it had completed the refinancing of a 3.5 billion euro ($4.76 billion) syndicated loan, delaying significant debt repayments until 2013.

Moreover, ONO, which had been negotiating with creditor banks since the starting of the year, stated that the new conditions on the loan include a 125 basis points growth over the margin of committed payments.

Motorola Company has recently announced that is will launch Motorola Milestone in Spain at the end of March this year.

The announcement was made by the company in the Mobile World Congress in Spain. Moreover, the device will be available SIM-free starting from the end of March 2010, which means that they still have to look for a carrier partner.

In the meantime, no further information was provided by the company about the cost of the new device.