Tag: financing
-
Pak seeks $600 mn in loans from China banks to bridge financing gap: Report
[ad_1] Cash-strapped Pakistan has sought USD 600 million in fresh loans from two Chinese banks to bridge a big financing gap as it negotiates with the IMF for the release of the second tranche of a USD 3 billion bailout package, a media report said on Wednesday. Citing sources, The Express Tribune newspaper…
-
Metro Bank shares plunge as it looks to raise up to £600m in new financing
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Metro Bank‘s shares tumbled further today after reports emerged of an urgent £600m funding drive to shore up its balance sheet. The challenger bank is in talks…
-
How “green” investments are financing Big Carbon
[ad_1] This article is reserved for our members Europe is a worldwide leader in the market for “green” investments, i.e. those that fund environmentally sustainable businesses. Financial companies active in this sector typically promise their customers “sustainable and responsible” investments. As this investigation reveals, however, those investments are often neither sustainable nor responsible. By exploiting…
-
CrossFund secures US$1.5M for its equity financing platform
[ad_1] Singapore- and Vietnam-based early-stage investment platform CrossFund has raised US$1.5 million in fresh funding from undisclosed investors at a US$47 million valuation. The fintech startup will use the funds to expand its presence in EMEA (Europe, the Middle East, and Africa), where 40 per cent of its 15,000 accredited investors are based. Founded in…
-
Financing a Renewables Shift in African Countries as China’s New “Small or Beautiful” Model Takes Root – The China Global South Project
[ad_1] The next 20 years of China’s engagement with African countries on financing development projects will be starkly different from the past two decades as the Chinese financing model shifts to address new dynamics in the sector. Last year ushered in the new era of Xiao Er Mei (小而美) which means “small or beautiful”, the…
-
210 million dirhams fines for companies violating anti-money laundering and terrorist financing legislation – UAE
[ad_1] H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, chaired the 19th meeting of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism. Hamid Al Zaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF), gave a presentation to committee…
-
ADEX and Egyptian government sign US$100 million revolving financing agreement for a 5-year term – Business – Economy and Finance
[ad_1] Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed an agreement with the Ministry of International Cooperation, Ministry of Finance, and the General Authority for Supply Commodities in Egypt. The agreement entails a revolving financing program valued at US$100 million, with annual renewals planned over a…
-
Majid Al Futtaim Sets A New Standard in Sustainable Financing with its Fourth Green Capital Markets Issuance
[ad_1] Continuing its regional leadership in responsible financing, Majid Al Futtaim issues new Green Sukuk. Majid Al Futtaim has raised $500 million to refinance part of a current $800 million bond due in May 2024. Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today announced…
-
Backgrounder: Why China Matters So Much at the Summit for a New Global Financing Pact
[ad_1] In Paris, all eyes are on Chinese Premier Li Qiang, representing the People’s Republic at this week’s Summit for a New Global Financing Pact. China’s rise is perhaps the most important mega-trend that led to the current rethinking of the global development finance system, but it remains unclear what Li’s approach will be. What’s clearer is…
-
What Choco Up wants you to know about running a revenue-based financing platform in Asia
[ad_1] Choco Up co-founders Percy Hung (left) and Brian Tsang On Wednesday, music tech startup Soundbrenner introduced that it had raised a US$1.5 million funding from Choco Up, a Singapore- and Hong Kong-based revenue-based financing (RBF) and development platform. Initially based in Germany, Soundbrenner has constructed the world’s first wearable machine for musicians, and it…