Banks (Finance)
The European Union and Panama have reaffirmed their commitment to collaborating on strategic sectors for sustainable development, with a recent mission by the European Investment Bank (EIB) leading to in-depth technical dialogue and progress in identifying projects that contribute to energy transition, infrastructure modernization, and climate resilience. The EIB'
Banks (Finance)
The Financial Secretary of Hong Kong, Mr Paul Chan, participated in the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) in Beijing. During the meeting, he held separate discussions with the Minister of Finance, Mr Lan Fo'an, and the President of
Banks (Finance)
The 10th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) Board of Governors was held in Beijing from June 24 to 26, 2025, themed around "Connectivity for Development, Cooperation for Shared Prosperity." The Chinese delegation, led by Lan Fo'an, China's Governor to the
European Union
The President of the Republic of Burundi inaugurated the Jiji hydroelectric power plant, a key step forward in the country's pursuit of energy self-sufficiency. Located in Bururi province, the plant marks a significant signal for an investment-friendly climate, ensuring more inclusive and sustainable economic development for Burundi. The
Banks (Finance)
Bank Muscat, a leading financial services provider in Oman, has solidified its position as a top asset manager in the Middle East and North Africa (MENA) region, boasting Assets Under Management (AUM) of $3.5 billion as of March 31, 2025. The bank's impressive performance has earned it
European Union
AlphaSense, an AI platform redefining market intelligence, has announced the launch of a new data residency region based in the European Union. This strategic investment underscores the company's commitment to serving the complex needs of enterprise clients across Europe, particularly in Investment Banking, Hedge Funds, Asset Management, and
European Union
The European Union, in partnership with the Tanzanian government, France, and the European Investment Bank (EIB Global), has launched the Butimba Water Treatment Plant as part of the Lake Victoria Water and Sanitation Project (LVWATSAN). This EUR150 million project aims to extend and upgrade water supply and sanitation systems in
Banks (Finance)
The State Bank of India (SBI) has initiated the process of raising ₹25,000 crore through a qualified institutional placement (QIP), with investment banks invited to make presentations this week. The move comes after the bank's board approved the fund-raising on May 3, its second QIP since FY18.
European Union
The Czech Republic took over the 12-month chairmanship of the Board of Governors of the European Investment Bank (EIB) as of June 20, with Finance Minister Zbynek Stanjura assuming the presidency in Luxembourg. This rotating chairmanship is a significant milestone for the country, marking its commitment to supporting European priorities,
European Union
The 27 European Union member states have endorsed a plan to increase new financing to a record of up to €100 billion in 2025, with a revised ceiling that includes 3.5% of total financing for European security and defense. The European Investment Bank (EIB) Group shareholders also approved landmark
European Union
The European Investment Bank has issued a press release announcing its support for the Bay of Biscay electricity interconnection project, a landmark initiative to boost the interconnection capacity between the Iberian Peninsula and the rest of continental Europe. The project aims to increase the exchange capacity from 2,800 to
Banks (Finance)
The Islamic Corporation for the Development of the Private Sector (ICD) and Golden Global Investment Bank have signed a significant agreement to provide a USD 20 million Commodity Murabaha Facility to support private sector projects in TÈrkiye. This facility, aimed at bolstering economic growth, will focus on small and
