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At COP29, climate finance will be a focus. COP29 has already called for a sixfold increase in global energy storage by 2030, to 1,500 gigawatts of capacity. “To Key to all these goals is climate finance, which is expected to be a central focus of this year’s gathering.
Global Finance spoke with Yousef Khalawi, secretary general of the AlBaraka Forum for Islamic Economy, about the role of Islamic finance and economics as a holistic and sustainable framework for all economies. Yousef Khalawi: Despite its centuries-old heritage, Islamic finance is still a comparatively young industry.
Launched in 2005, the EU Emissions Trading Scheme (EU ETS) is one of the first carbon markets in the world and is currently in its Phase 4 (2021-2030). This post is based on their paper. The ETS aims to drive reductions in greenhouse gas emissions and to incentivise the transition to a net-zero carbon economy.
25, 2023 (GLOBE NEWSWIRE) -- The global asset finance software market size was valued at USD 3.60 Billion by 2030, exhibiting a CAGR of 8.1% Asset finance software helps in managing invoices and IT assets such as associated contracts. 2030 Value Projection USD 6.59 Pune, India, Jan. Billion in 2022.
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. This year marked the fourth issuance and concluded the projects financing with an estimated capital expenditure of 24.4 billion) in socioeconomic benefits.
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. It also financed significant power projects throughout Africa. Their ultimate goal is to help communities grow more sustainably.
For instance, financial services are extended only to clients committed to reducing thermal coal dependence to below 5% of revenue by 2030. The proceeds will finance affordable housing and essential services for elderly populations. The post Capital Meets Conscience As Social Bonds Rise appeared first on Global Finance Magazine.
Global Finance spoke with Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry and Trade. Global Finance : Tell us about Uzbekistan’s transformation over the past eight years and what else you are looking to accomplish. GF : The plan is to attract some $ 250 billion in investment by 2030. How realistic is this?
Its green projects include the Green Cities program and the Green Finance Academy, aimed at encouraging banks to scale up their green financing. billion) in sustainable finance in the first nine months of 2024, based on bank-only management information system data, a sum that includes small and midsize enterprise (SME) loans (e.g.,
compound annual growth rate (CAGR) from 2023 to 2030, according to consultancy Grand View Research. Morocco is slated to co-host the 2030 soccer World Cup (with Portugal and Spain), with Saudi Arabia following four years later, nearly on the heels of the 2022 edition in Qatar. The sports market for the region is primed for a 16.5%
According to Goldman Sachs, we can expect AI power demand to increase by 165% by 2030; McKinsey forecasts that in Europe alone, meeting the new IT load demand will require between $250 billion to $300 billion of investment, excluding power generation capacity. By 2030, these numbers are expected to increase by about 30-40%.
For more information about Indonesia, click here to read Global Finances country report page. billion by 2030, with a compound annual growth rate exceeding 12%, analysts say. The post Indonesia: Building The Future Of Southeast Asia appeared first on Global Finance Magazine. Indonesia is a substantial and growing market for us.
“All these sectors have potential,” says Fitch’s Arispe, “but because of domestic business environment factors have seen little in the way of FDI, while domestic investment has been partly held back due to constraints on access to financing. The post COP29: Aliyev’s Moment In The Spotlight appeared first on Global Finance Magazine.
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. The IVSC is delighted to announce the appointment of Nicolas Konialidis as its new Asia Director, based in Singapore.
The independent network should be up and running by 2030. The post Europe’s Bold Answer To Starlink And Kuiper appeared first on Global Finance Magazine. The contracts are expected to be signed at the end of the year. The objective is to put together 290 satellites and the associated ground infrastructure.
But blended finance deals are helping to open up opportunities in areas like renewable energy. 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.
Hussein Fakhreddine, CEO at Qatari investment bank QInvest, said, “The transaction marks a milestone under the Financial Strategic Plan, which is part of the Qatar National Vision 2030, allowing more sophisticated investment strategies and unlocking a significant liquidity pool.”
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.
The EU, for its part, is also seeking to increase chip production, with an aim of doubling its share of global semiconductor chip manufacturing to 20% by 2030. The post TSMC Starts Building Its First European Chip Plant appeared first on Global Finance Magazine.
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. So far, most of these have been financed locally, largely with oil money.
ADGM leads in digital assets and sustainable finance, offering innovative regulatory frameworks, including the regions first Sustainable Finance Regulatory Framework, says a spokesperson. We integrate ESG [environmental, social, and governance] frameworks and innovative financing instruments to support responsible investing.
The post Goldman Sachs Now In Riyadh appeared first on Global Finance Magazine. Saudi Arabia’s non-oil revenues reached 50% of the GDP in 2023, the highest recorded share. Still, global banks are unlikely cede sole control of Saudi Arabia’s lucrative and relatively untapped market to Goldman Sachs for much longer.
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. The post Morocco: Boom In Data Centers appeared first on Global Finance Magazine. The digital wave in Morocco doesnt stop at data centers.
Minister Indranee Rajah joined valuation, business and finance leaders at the IVSC Asia launch in Singapore. The IVSC Asia Office was launched today by Ms Indranee Rajah , Minister in the Prime Minister’s Office, and Second Minister for Finance and National Development. SAC is a statutory body under the Ministry of Finance.
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. Global Finance: What is Mongolia’s economic growth outlook for 2024-2025? against the business-as-usual scenario by 2030.
The independent network should be up and running by 2030. The post Europe’s Bold Answer To Starlink And Kuiper appeared first on Global Finance Magazine. The contracts are expected to be signed at the end of the year. The objective is to put together 290 satellites and the associated ground infrastructure.
It Started In Dubai Boasting a business-friendly environment and liberal policies, the UAE emerged as a financial hub two decades ago with the creation of the Dubai International Finance Center in 2004. Just an hour from Dubai, Abu Dhabi, the Emirati capital, has become the region’s latest magnet for international finance.
billion by 2030 1. Asia is also increasingly driven by ESG considerations and the need for sustainable finance. Sponsored by: [link] ↩︎ [link] ↩︎ [link] ↩︎ [link] ↩︎ [link] ↩︎ [link] ↩︎ [link] ↩︎ [link] ↩︎ AA- and Aa1 ↩︎ The post The Power of Partnership for Financial Institutions appeared first on Global Finance Magazine.
For more information on Latvia, click here to read Global Finances country report page. The ETC1 will connect the modernized rail networks of Estonia, Latvia, Lithuania and Poland to the Continental European rail transport system by 2030. The post Latvia: Doorway To The EU appeared first on Global Finance Magazine.
Alex Haigh Managing Director, Brand Finance, Asia Pacific Alex is an all-rounder on business and intangibles valuations as well as quantitative market research. He has worked internationally across all continents and in most sectors and now manages Brand Finance’s teams and client work across Asia and Australasia.
Global Finance: Turkey was once notable for being slow in adopting a sustainability agenda, but this has changed dramatically. GF: Akbank has won several of our Sustainable Finance Awards 2025. Gr: We are truly honored to receive these prestigious awards from Global Finance. What makes it stand out compared to competitors?
Qatar has set official goals to reduce greenhouse gas emissions 25% by 2030, but that does not mean slowing down on extraction. Instead, its North Field Expansion project is set to more than double liquified natural gas (LNG) output to around 126 million tons per year by 2030.
between 2022 and 2030. The big tech giants continue to invest in research and innovation that is driving the adoption of advanced AI technologies in industry verticals, including healthcare, finance, automotive, retail, and manufacturing. The global artificial intelligence (AI) market was valued at $93.5
Morgan, and Intesa Sanpaolo participated in significant deals globally, highlighting strong demand for financing in sustainable and strategic infrastructure investments. Standard Chartered emerged as the top lender in infrastructure finance, focusing on both emerging markets and sustainable projects. The bank also arranged the a $1.3
He also committed to halving the company’s carbon emissions by 2030 and reaching net-zero emissions by 2050. The post Nestlé Board’s Surprise Move Taps Insider To Lead Company appeared first on Global Finance Magazine. Weak sales growth has dogged the company, however. for the second quarter and just 0.1%
Department of the Treasury released nine principles for net-zero financing and investment by financial institutions. [1] PRINCIPLES FOR NET-ZERO FINANCING AND INVESTMENT Principle 1 : A financial institution’s net-zero commitment is a declaration of intent to work toward the reduction of greenhouse gas emissions.
As per the terms, the transaction disclosed on Sunday will be financed through a combination of equity and debt, including a $300 million equity investment from MFN Partners and a $250 million equity investment from Orbis Investments, both significant shareholders of RXO. NYSE: UPS ) for $1.025 billion in cash.
The global TCE market is projected to reach $112 billion in 2030 with a CAGR of >44%. Similarly, the global ADC market size is projected to reach $57 billion by 2030 with a CAGR of close to 30%. Both therapeutic modalities represent highly active and growing markets within the cancer therapy sector, respectively.
By 2030, an estimated $1 trillion of assets is expected to change hands in the Middle East. The UAE’s removal earlier this year from the Financial Action Task Force’s “grey list” of countries working to address deficiencies in their regimes for countering money-laundering and terrorist financing promises to further boost investor confidence.
Riyadh is pushing ahead with plans, including its Vision 2030 initiative, to reduce its dependency on hydrocarbon revenue. Dubai’s pole position in the rankings is noteworthy given Saudi Arabia’s increasing efforts to entice multinationals to establish or headquarter operations in the kingdom.
million tech workers by 2030 but currently faces a shortfall of approximately 160,000 skilled professionals. appeared first on Global Finance Magazine. In Europe, nearly half of businesses struggle to recruit people with STEM- proficient talent (science, engineering, technology, and mathematics).
While the republic’s infrastructure is advanced by regional standards, work has started on its first high-speed railway, which will allow trains to travel at speeds of up to 320km an hour and eventually connect Prague to Brno and on to Dresden; the project is expected to be completed by 2030.
In 2019, the company announced that it plans to reduce its oil and gas output by 40% by 2030. At this year’s event this goal was reduced by 15%, meaning fossil fuel output will only decrease by 25% by 2030. billion to the bottom line by 2030. The new strategy also includes investing an additional GBP 6.6 (USD
trillion in assets under management (AUM) by 2030. Methodology Global Finance staff select the winners for these awards based on entries submitted by banks, as well as company documents and public filings. Because metrics are rarely public in this sensitive corner of finance, we incorporate perspective from analysts and consultants.
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