The rally in global oil prices has stalled at the worst possible time for explorers - just as banks reassess credit lines crucial to their growth. A drop below $45 could...

The $2.1 billion 554MW shale oil-fired Attarat Power project in Jordan reached financial close last week backed by Chinese banks and Sinosure cover. Is this the beginning...

Bibby Financial Services has made changes to its global executive team. Edward Winterton is now chief executive, UK; Ian Watson expands his role to chief executive, North...

Abu Dhabi Fund for Development has contributed $14.4 million towards the 336km project to connect Ndioum, Ourossogui and Bakel

The successful consortiums can now submit bids to Oman Power and Water Company for the 16,000 cubic-metres-per-day independent water project. 

Irish renewables developer and French floating platform designer are looking to deploy a 30MW array using Ideol's Damping Pool technology. 

German development bank KfW has agreed a €23 million loan to finance power infrastructure in villages in southern Shan State, Myanmar. The funds will help supply...

Mexico-based ferroalloys miner Companía Minera Autlan debuted last week in the asset-backed securities market with a MXN1.43 billion ($75 million) five-year issue...

The China Exim Bank is providing $65.3 million towards a $76.8 million National Geology Plan project. The Development Bank of China will loan $35 million...

Salka and private investment firm Castlelake have signed a purchase and sale agreement for the Summit Wind Project. The replacement of 569 old turbines with 27 modern...

SmartStream Technologies has appointment Richard Bowler as its new Chief Financial Officer (CFO). Based in London, he will be responsible for all aspects of the...

Alibaba Group has set up an e-hub in Malaysia under the Electronic World Trade Platform (eWTP). Plans include the establishment of an e-fulfilment hub near Kuala Lumpur...

Deutsche Bank has opened its fourth innovation lab, this time in New York City. Located in Lower Manhattan's Fulton Center, it will explore new technologies focused...

Paris-based IPP is to develop a 100MW facility in Enugu state and 50MW projects in Kaduna and Jigawa state.

Bitcoin payment processor Payment21 and ACI Worldwide have teamed up to enable payment service providers (PSPs) to offer merchants anti-money laundering (AML)-compliant...

The Islamic Development Bank (IsDB) has revealed that its upcoming US dollar sukuk issue will be between $1 billion and $1.5 billion. Eight banks have been appointed to...

The wind developer is investing in a 522MW facility in Roosevelt County, New Mexico and a 478MW farm in Hale County, Texas.

Indian startup Airpay has raised $3.6 million new venture capital funding for its B2B and C2B payment solutions. It says it will use the Series A funding, which was led...

South Africa's Nedbank is implementing a new syndicated lending system, Fusionbanking Loan IQ, supplied by Misys. The bank is also gearing up for a major core banking...

A lurking price war between major cloud players appears to be heating up with IBM's announcement of a string of new pricing models, including a 'pay as you...