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Several global financial institutionsincluding the World Bank, the International Monetary Fund (IMF), and the Asian Development Bankestimate that Indonesias economy will grow within the range of 5% to 5.1% Indonesia is a substantial and growing market for us. By 2045, the World Bank expects 317 million people. Itll get to $3.65
It will range from protecting biodiversity to capacity-building for carbon markets to climate education and youth action to inclusiveness for Indigenous people and other marginalized groups. COP29 has already called for a sixfold increase in global energy storage by 2030, to 1,500 gigawatts of capacity. “To
Efficiency remains at play, but compliance and innovation scores Globally, banks have been focused on reducing costs this past year. Regulatory compliance has become a top priority for banks as they navigate an increasingly complex regulatory landscape related to AI, resilience, and open banking. Another example is ANZ Bank.
In November, S&P Global Ratings reaffirmed its AA/A-1+ rating with a stable outlook, noting that Qatars fiscal and balance of payments positions remain strong, underpinned by its large hydrocarbon reserves, leading position in the global liquified natural gas market, and substantial assets accumulated in the sovereign wealth fund.
The sports market for the region is primed for a 16.5% compound annual growth rate (CAGR) from 2023 to 2030, according to consultancy Grand View Research. Qatars sports market alone is projected to hit $3.7 The sectors market value is projected at $22.4 the same year, according to the World Bank.
While the World Bank projects GDP growth will surpass 2% this year, recent calls from US President Donald Trump to cut global oil prices are pressing Kuwait to accelerate its diversification efforts. But some legislation has been approved, signaling momentum toward reform. Last year, $8.7 billion for 124 projects.
The People’s Bank of China (PBoC) conformed by cutting mortgage rates, injecting cash into the banking system, and easing reserve requirements. Meanwhile, banks across the country are responding to difficult times with an unprecedented wave of innovation. trillion) in assets. trillion) in assets.
Most large banks also have one, while smaller banks lease data storage space. Developments in fintech, AI, and even e-government initiatives, like Digital Morocco 2030, were recently showcased at Aprils 2025 Gitex Africa tech expo in Marrakech. Regional governments compete by offering different incentives.
Africa is shrinking these gaps with various sustainable projects that require sustainable finance solutions, and these financings and initiatives are a significant focus for many African banks. These banks have also expanded their offerings, with many firsts in the use of different funding vehicles. The group funded about 219.9
In the final stretch of its Vision 2030 development blueprint, Saudi Arabia is counting on FDI to play a bigger role. Initially expected to be taken up by 540 companies by 2030, the kingdom surpassed this goal within the first year. The clock is ticking for Saudi Arabia. Not everyone is rushing through the door, however.
Dubai International Financial Centre (DIFC) remains the Gulf regions powerhouse; in 2024 alone, over 260 banking and capital market firms, 410 wealth and asset management companies (including 75 hedge funds), and 125 insurance and reinsurance firms established offices there.
trillion annually to reach internationally agreed 2030 emissions targets, according to European financier Allianz. In financial markets, stubbornly high interest rates are keeping the cost of capital-intensive energy infrastructure elevated for longer. Investment in the energy transition must more than double to $4.5
Arab Banks Thrive The banking sector is likely to remain a pillar of the MENA economies, as governments remain strongly committed to driving development through local financial institutions, be they in mature markets or war-torn nations ( see interview on page 79 with Wissam Fattouh from the Union of Arab Banks ).
In the same vein, it is nave of the US to expect the Gulf to fully distance itself from China and other Asian nations as cooperation runs wide and deep, especially in the massive regional construction market, says Junaid Ansari, director of investment strategy and research at Kuwait-based Kamco Invest.
Major banks like Absa Bank, ICBC, OTP Bank, Bradesco BBI, J.P. Standard Chartered emerged as the top lender in infrastructure finance, focusing on both emerging markets and sustainable projects. It focuses on emerging markets and promotes social and economic development through sustainable finance.
Governments (except the US,) local businesses, investors, and banks are now in broad agreement about the need to continue moving forward, leaving the energy-intensive past behind. Minds were further focused by a series of major conferences aimed at boosting sustainability across the region and highlighting the role of banks.
Major global banks and financial institutions are increasing their participation in the social bond market, strengthening the role of debt capital in addressing social challenges across the world. For instance, financial services are extended only to clients committed to reducing thermal coal dependence to below 5% of revenue by 2030.
Global demand for lithium could increase by a factor of 40 over the next 15 years, the International Energy Agency (IEA) projects, and according to S&P Global Market Intelligence, it could outpace current global production output by 2028. Morgan Private Bank, and therefore, in those for clean energy and digital components.
The Bank of Latvia, the countrys central bank, is more optimistic for 2026 and 2027, expecting growth of 3.1% and 3.3%, respectively, due to stronger domestic demand, lower inflation, and the inflow of foreign capital into Latvias fintech, defense and banking sectors. The IMF projects GDP growth of 2.3% in 2025; 2.5%
The region is expanding biofuel and clean energy production and is projected to be a key clean-hydrogen export zone by 2030, which will ultimately help unlock economic growth. Many Latin American banks have been integral to this process. billion) in socioeconomic benefits. billion) in socioeconomic benefits. billion reais.
Akbank CEO Kaan Gr offers his views on Turkeys shifting sustain-ability agenda and why his bank has adapted its ESG policies to clients changing needs. Apart from the environmental and social benefits, the transformation of the Turkish market in line with sustainable development goals will increase its competitiveness in global trade.
iRocket's unique combination of proven engineering talent, reusable launch systems, and solid rocket motor (" SRM ") capability positions the Company to capture a significant share of the global launch and propulsion market," said The Hon. Wilbur Ross, the 39 th U.S. Wilbur Ross. "With Space Systems Command; and a $1.8
The Qatar Stock Exchange (QSE) carried out its first domestic securities lending and borrowing (SLB) transaction in May as part of its strategy to raise market liquidity. The move marked an important development for the QSE, as it looks to increase market and product sophistication, depth, and securities lending.
Private banks increase their technology investments to improve their high-touch offerings for the wealthy. On the other side of the equation are the global private banks, which see the current mixture of massive wealth generation and increasingly complex demands as a generational opportunity. David Frame, CEO of J.P. Morgans U.S.
Financial-services revenues from Latinos may grow by up to $93 billion by 2030. To get more of that market, institutions would need to tailor their offerings.
Byadran Lkhagvasuren, governor of the Bank of Mongolia, speaks to Global Finance about the country’s growth prospects and its pursuit of sustainable economic development. The Bank of Mongolia started repaying the PBoC [People’s Bank of China] swap line in late 2023 to reduce interest costs and improve the central bank’s balance sheet.
Nicholas brings three decades of capital markets, corporate finance and valuation experience and will lead the IVSC’s growth across the region, with a focus on business valuation and intangibles. Having clear and comparable valuation standards will support the functioning of capital markets.
No bank or financial institution has a fully comprehensive global suite of services and a local or regional partner can support areas of non-core strength. No matter the geopolitical noise, the world remains highly connected and customers expect to be served seamlessly across markets. billion by 2030 1.
Goldman Sachs became the first Wall Street bank to comply with Saudi Arabia’s Regional Headquarters (RHQ) program and secure a license to establish its Middle Eastern base in Riyadh. Still, global banks are unlikely cede sole control of Saudi Arabia’s lucrative and relatively untapped market to Goldman Sachs for much longer.
Will Fed rate cuts and geopolitics fuel more M&A deals by GCC banks? Banks in the six-member Gulf Cooperation Council (GCC) are set to reap further gains as higher oil prices, increased public-sector spending, and red-hot real estate markets combine to generate a heady lending environment. An Overbanked Region?
African Banks ave operated in key markets outside the continent mainly through representative offices. The number of homegrown African banks becoming ambitious and opening operations in Western capitals is rising. Zenith Bank , Vista Bank, and Banque Exterieure dAlgerie (BEA) have announced plans to venture into France.
“The GCC has increasingly become an attractive region for banks and investors,” says Antoine Chemali, CEO of BNP Paribas Wealth Management Middle East, which has over 600 employees in the UAE, Saudi Arabia, Bahrain, and Qatar. Saudi Arabia, the Arab world’s biggest market, is the next big thing on every banker’s mind.
Amid an improving monetary landscape and enhanced investment banking opportunities, many of Western Europes leading private banks are witnessing a strong resurgence in assets under management and profitability growth. This often leads them to engage multiple private banks to fulfill their evolving objectives.
Panel discussion featuring Ms Fang Eu-Lin (moderator), Ms Srividya Gopal, Mr Rajeev Peshawaria, Ms Huang Sipei & Dr Joanne Khew Presentation and Panel Discussion: “Navigating Around Uncertainty”: Experts shared insights on managing uncertainty in a volatile market.
The GCC already hosts hundreds of private banks, asset management firms, and family offices, including global leaders like Edmond de Rothschild, Goldman Sachs, and BlackRock. Each month, new firms enter the market. By 2030, an estimated $1 trillion of assets is expected to change hands in the Middle East.
Preferential regional market access under South Asian Free Trade Area, Asia-Pacific Trade Agreement and free trade agreements with India, Singapore and Pakistan. Quartz deposits in many parts of the country and duty-free access to markets including the European Union and India have made the solar component manufacturing sector attractive.
Mr Edwin Tong SC, Minister for Culture, Community and Youth and Second Minister for Law and Co-Chairperson of the Singapore IP Strategy 2030 Steering Committee said, “Intangible assets are increasingly important in today’s economy powered by technology, branding, and networks. The IVSC Asia Office will be located at the Revenue House.
Nygard oversees a staff of appraisers and real estate analysts who review and perform Market Value Appraisals worldwide as well as conduct various analyses including Lease – Purchase, Lease vs. Buy and Fair Market Rent Analyses. The resultant facilities often differ quite a bit physically from market norms. In 2020, the U.S.
Saudi Arabias Vision 2030 and initiatives by the United Arab Emirates (UAE) such as the Dubai Clean Energy Strategy 2050 and UAE Net Zero 2050 highlight these goals. Qatar aims for 20% of its energy from renewables by 2030, while Saudi Arabias Green Initiative focuses on long-term climate action.
Find out why the head of a company with an extensive project portfolio searching for the commodity in Canada's Athabasca Basin thinks we are still in the early days of an sustained bull market. It rose to US$106 per pound in February, but the market has seen some volatility since, with prices hovering in the US$90s and US$80s.
Metals & mining investment banking used to be a “sleepy” group. But let’s forget about the children temporarily and focus on the verticals, the drivers, deal examples, and the exit opportunities if you escape from the underground mines: What Is Metals & Mining Investment Banking?
To cope, Africa is expected to need close to $3 trillion in investment by 2030. Local and regional commercial banks, too, are gradually increasing their participation in green finance. Antwi, Ecobank: There has been a noticeable shift in the mindset of stakeholders across the African banking sector. The demand is growing fast.
Pune, India, July 20, 2022 (GLOBE NEWSWIRE) -- The global hydraulic cylinders market will exhibit a CAGR of 4.3% Growing technological advancements in the hydraulics industry is the primary factor responsible for positively affecting the hydraulic cylinder market growth. trillion by 2030. of share in the global market in 2018.
In the Netherlands, the Hague District Court in 2021 ordered the parent company of the Shell group to reduce its carbon dioxide emissions to 45 percent of its 2019 levels by 2030. [3] Arab Bank, 584 U.S.__(2018); 3] The decision was based on Art. Shell appealed the decision. 5] 2020 SCC 5. [6] 6] Jesner et al. 2018); Nestlé USA, Inc.
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