European Union
The Egyptian government and the European Investment Bank's development arm have signed an agreement to use a €21 million EU grant to promote recycling and decarbonise the domestic economy. The grant is part of an Egyptian green-industry initiative, with the European Investment Bank's development arm contributing
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
European Union
Amidst the recent uncertainties faced by investors, the European Investment Bank's (EIB) President Nadia Calviño emphasizes that Europe remains a safe asset, providing a beacon of clarity, stability, and confidence. The strong investor demand for EIB bonds reflects this sentiment, with the EIB planning to issue a total
Banks (Finance)
The Islamic Corporation for the Development of the Private Sector (ICD) and Golden Global Investment Bank have entered into a landmark agreement to bolster economic growth in Türkiye. The USD 20 million Commodity Murabaha Facility will support private sector projects, particularly small and medium-sized enterprises (SMEs) and corporates operating in
Banks (Finance)
Nigerian banks, such as FirstHoldco, Zenith Bank, UBA, FCMB, and Access Bank, are struggling to maintain financial resilience amidst the Central Bank of Nigeria's (CBN) new directives aiming to strengthen banks' capital buffers and curb regulatory forbearance abuses. A report by Renaissance Capital, titled 'Nigerian Banks:
Banks (Finance)
The Islamic Corporation for the Development of the Private Sector (ICD) and Golden Global Investment Bank have entered into a landmark agreement to support economic growth in TÈrkiye. The USD 20 million Commodity Murabaha Facility is designed to support private sector projects, particularly small and medium-sized enterprises (SMEs) and
Banks (Finance)
Egypt's Prime Minister, Dr. Mostafa Madbouly, and the European Investment Bank's Vice President, Ms. Giusy Figlioli, reaffirmed their commitment to strengthening their partnership in a meeting held in Cairo. The meeting took place on the sidelines of the "Development Finance for Empowering the Private Sector:
Financial markets
The 2008 financial crisis significantly impacted the corporate bond market and the reputation of underwriting firms. As investors sought to mitigate risk, trust in underwriting firms decreased. Investment banks, reliant on market sentiment, saw a large portion of their high fees tied to their reputation, which served as a primary
Financial markets
United Capital Plc has established its first operational foothold in Francophone West Africa with the launch of a new subsidiary in Abidjan, Cote d'Ivoire. This move marks the Lagos-based investment banking and financial services group's first major expansion outside Nigeria. United Capital Asset Management West Africa
Financial markets
DFCC Bank PLC has made history by becoming the first foreign corporate entity to list a bond on the National Stock Exchange-International Exchange (NSE IX) at GIFT City, India. This significant milestone marks a new era for Sri Lanka's capital markets and reinforces DFCC Bank's position
Banks (Finance)
Emirates NBD Bank (P.J.S.C.) has made significant strides in 2024, boasting a 7% increase in net profit to AED 23 billion and standout growth in credit. The bank also expanded its international operations, accounting for 31% of total income. Its success was recognized at the Euromoney Middle
Banks (Finance)
Trading activity on the Dubai Financial Market resulted in a modest positive shift for Emirates Investment Bank PJSC (EIBANK) on June 11, 2025. The bank's stock price increased by 2.66%, reaching a high of 77.00 and dipping to a low of 76.95. The current price
