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11 September 2017

GFG Alliance to invest in 178MW Glenshero wind farm

The GFG Alliance, through its renewable energy developing unit SIMEC Energy, is planning to establish a 54-turbine wind farm on its Jahama estate in the Scottish...

11 September 2017

Afreximbank looks to raise up to $300m through Depositary Receipts

The African Export-Import Bank (Afreximbank) is looking to raise between $100 million and $300 million through the issuance of Depositary Receipts backed by its Class D...

11 September 2017

Sri Lanka picks Petronet LNG for import terminal

The Indian state-controlled Petronet LNG has signed a letter of intent with the Sri Lankan government for its first overseas liquid gas project close to Colombo. The...

11 September 2017

ECGC to open in GIFT City, offer non-rupee cover to exporters

India's Export Credit Guarantee Corporation is planning to set up a base in Gujarat International Finance Tec (GIFT) City to provide export credit insurance in...

11 September 2017

Ripple and R3 in court over crypto contract dispute

Distributed ledger startups Ripple and R3 have become embroiled in a new legal battle over a cryptocurrency options contract dispute. Ripple alleges that R3 failed to...

11 September 2017

Iran, South Korea agree to expand non-dollar trade

Private lenders from Iran and South Korea have signed an agreement focusing on the expansion of non-dollar trade between the two countries.

11 September 2017

Chinese logistics firm plans US IPO

Chinese logistics company Best hopes to raise $930 million through a US initial public offering (IPO). It aims to use $300 million to expand its storefronts, logistics...

11 September 2017

VEB, IIB to finance Long Phu 1 power plant in Vietnam

Vnesheconombank (VEB), International Investment Bank (IIB) and Vietnamese company Petrovietnam have entered into a memorandum to finance the Long Phu 1 power plant in...

11 September 2017

DMCC signs pact with China Chamber of International Commerce

DMCC, the authority on trade, enterprise and commodities in Dubai, has signed a memorandum of understanding with the China Chamber of International Commerce to explore...

11 September 2017

City urges government to prioritise Islamic finance post-Brexit

The City of London's top lobby group is urging the UK government to ensure any laws introduced post-Brexit do not dent demand for Islamic finance, which it sees as a...

11 September 2017

Manila cuts red tape for trade permits

Up to 66 Philippine government agencies will be interconnected digitally to fast-track the approval of import and export permits, according to the Department of Finance....

11 September 2017

EFIC to support resource projects

The mandate of the Export Finance and Insurance Corporation (EFIC) has been amended to support onshore resource and related infrastructure projects. The changes were in...

11 September 2017

ADM to provide $152m to Nepal to enhance power transmission

The Asian Development Bank will provide $152 million to Nepal for the implementation and enhancement of its power transmission and distribution.

11 September 2017

National Bank of Kenya in core banking system upgrade

National Bank of Kenya has upgraded to the latest version of the Fusionbanking Essence core banking platform, which is supplied by Finastra, formerly Misys. It says using...

11 September 2017

SMEs and international payments

Cross-border payments are a technical minefield for SMEs in Singapore, hampering their capacity to trade and expand overseas. Fluctuating exchange rates plus higher...

11 September 2017

Infrastructure: the Achilles' heel of development in Latin America

Latin America is seeing weak development of infrastructure in the region, according to Coface, with a poor record in improving investment rates, and inadequate quality of...

11 September 2017

HSBC compensates SMEs for frozen accounts

HSBC has reportedly started offering compensation to some UK SMEs whose accounts it froze in an attempt to ramp up its anti-money laundering efforts. Sources say hundreds...

09 September 2017

China invests $9.1bn in Rosneft as Glencore, Qatar cut stakes

Chinese conglomerate CEFC will splash out $9.1 billion on a 14.16% stake in Russian oil major Rosneft from a consortium of Glencore and the Qatar Investment Authority.

08 September 2017
in
Power

Sirajganj IPP: How long can Bangladesh tenors go?

Sembcorp has reached full financial close on a $309 million DFI-backed loan to finance the 414MW Sirajganj IPP. The deal is the longest tenor power financing in...

08 September 2017
in
Transport

French high-speed rail refi advisory roles awarded

Advisory roles for the refinancings of two French high-speed rail projects have been awarded. The LISEA consortium (comprising Vinci, Caisse des Depots and AXA Private...