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13 May 2024

Saudi Exim, SNB to increase non-oil exports

The Saudi Export-Import Bank and the Saudi National Bank signed an insurance agreement to enhance documentary credits and a major Murabaha agreement to finance the export...

13 May 2024
in
Metals and Mining

VR8 mulls most favourable terms after signing third offtake MoU

Vanadium Resources (VR8) has signed an MOu with China-based Hunan Zhongxin New Materials Technology for the offtake of 4,000 t/y of vanadium oxide, over a period of five...

13 May 2024
in
Oil & gas

Banks pump $6.9trn into fossil fuels since Paris Agreement

The 60 largest private banks spent $6.9 trillion financing fossil fuels since the 2016 Paris Agreement, according to new research - with even smaller lenders stepping...

13 May 2024
in
Telecoms and Communications

QMC Telecom secures $115m funding

QMC Telecom International has closed two credit facilities totaling $115 million to support the company's 5G network infrastructure investments in Latin America.The...

13 May 2024
in
Metals and Mining

KEFI nears construction start at Tulu Kapi

KEFI Gold and Copper is progressing the approval process for the finance syndicate in relation to the Tulu Kapi gold project in Ethiopia and is expected to receive final...

13 May 2024
in
Agri/Soft Commodities, Metals and Mining, Oil & gas

Ten years of TXF Amsterdam

This year TXF is celebrating a decade of change at the tenth edition of the Amsterdam Global Commodity Finance event. Read on to find our thoughts on a few of the trends...

13 May 2024
in
Other

StanChart unveils 3 transaction banking leadership hires

Standard Chartered has appointed three new additions to its transaction banking global leadership team: Mahesh Kini as Global Head of Cash Management, Mark Troutman as...

13 May 2024
in
Infrastructure

Sumitomo Corporation, Hankyu, and JICA collaborate on Manila LRT-1

Sumitomo Corporation and Hankyu Corporation, in partnership with JICA, have agreed to operate and maintain the Manila Light Rail Transit System Line 1 (LRT-1). As part of...

13 May 2024
in
Power

Pricing emerges on Unique Meghnaghat $436m CCGT project financing

More details have emerged on the $463 million project financing backing Unique Meghnaghat Power’s 584MW combined cycle gas-fired power plant in Bangladesh. Final...

13 May 2024
in
Metals and Mining

Glencore helps Austral exit receivership

Austral Resources has achieved the end of receivership, as offtake partner Glencore Australia stepped in to the role of senior secured creditor. Glencore Australia...

13 May 2024
in
Renewables

EBRD, WBIF finance floating PV plant in Albania

Albania has received funding for the development of a 12.9MW floating solar PV power plant at the reservoir of Vau i Dejes HPP.Financing is led by the EBRD through...

13 May 2024
in
Other

IFC supports MSMEs and trade in Egypt

Banque du Caire and IFC have joined forces to sign a financing agreement worth $100 million. This agreement is aimed at supporting the development of MSMEs in Egypt, with...

13 May 2024
in
Oil & gas

Chinese companies win licensing bids to explore Iraq oil and gas fields

Chinese companies won bids to explore five Iraqi oil and gas fields in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production...

13 May 2024
in
Other

NIB renews Municipal Guarantee Board’s revolving credit agreement

NIB and the Municipal Guarantee Board have agreed to extend their €200 million ($215 million) revolving credit agreement for five years. The credit strengthens the...

10 May 2024

Turk Eximbank signs €115m ING deal

Turk Eximbank has signed a five-year funding agreement of €115 million ($124 million) with ING. The deal was inked under the insurance of ICIEC.

10 May 2024
in
Renewables

Phelan to invest $2.5bn in Peru's first green hydrogen project

Phelan Green Energy will invest $2.5 billion to construct Peru's first green hydrogen plant.The planned facility, on a 4,000-hectare site, will cater to both domestic...

10 May 2024

SACE opens Singapore office

SACE has opened a Singapore office in a move to help Italian companies capture growing trade and investment opportunities across South-east Asia.The ECA's new office...

10 May 2024
in
Transport

MUFG invests in Hitachi ZeroCarbon’s Next Gen project

MUFG is investing in Hitachi ZeroCarbon’s global Battery as a Service business after the two groups sealed a Business Co-Creation Agreement.The Japanese lender will...

10 May 2024
in
Renewables

Scottish hydrogen hub gets green light

GreenPower has gained planning approval for a green hydrogen production and distribution centre on the west coast of Scotland. The project will be located at the...

10 May 2024

US Ex-Im launches online loan application form to expedite process

US Ex-Im has added to its electronic application platform, the EXIM Loan Management System (ELMS). This new application will be utilized for the agency's Credit...