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For more information about Indonesia, click here to read Global Finances country report page. Indonesia is a substantial and growing market for us. billion by 2030, with a compound annual growth rate exceeding 12%, analysts say. Second, access the ASEAN and South Asian markets. Itll get to $3.65
At COP29, climate finance will be a focus. 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. Recent climate catastrophes have raised the bar for securing funding to address global warming.
Unlike in 2023, when a Q4 dealmaking binge over the holidays led to the sector outperforming the market, life sciences M&A cut down and stuck with it throughout 2024. Total deal value is where the market really shed its weight down a remarkable 33.7% Luckily, theres more to this years story. from 2023. [1]
Both therapeutic modalities represent highly active and growing markets within the cancer therapy sector, respectively. 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%.
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.
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. Companies that are set up here can easily access key markets. How realistic is this?
On the other hand, innovation is driven by the need to stay competitive in a rapidly changing market. million tech workers by 2030 but currently faces a shortfall of approximately 160,000 skilled professionals. Banks are struggling to find the right talent in this competitive market. appeared first on Global Finance Magazine.
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.
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 billion a year, or 1.5% the same year, according to the World Bank.
Game-changing transformations such as cutting public-sector wages and subsidies, which account for 80% of total spending; introducing a value-added tax (VAT); updating the emirates mortgage law ( see sidebar, page 78 ); and passing a new debt law aimed at allowing Kuwait to borrow on international markets, are still under discussion.
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. Abu Dhabi, the capital of the UAE, is closing the gap, however.
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.
Two next-generation geothermal approaches are closest to market: Enhanced geothermal systems (EGSs) use hydraulic fracturing to create subsurface fractures through hot rock three to five kilometers (10,000 to 16,000 feet) below the surface. Financing early next-generation geothermal projects can face risk/return challenges.
Understandably, then, innovation is the common thread among Global Finance ’s Stars of China award winners this year. China International Capital Corporation (CICC) and China Bohai Bank have tweaked their services to support the national goal of reaching peak emissions by 2030. trillion) in assets.
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.
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.,
Big-picture prognosticators name staggering sums needed to finance a greener futureand equally daunting shortfalls in securing them. trillion annually to reach internationally agreed 2030 emissions targets, according to European financier Allianz. The answer to this urgent question is not straightforward.
The main objectives for the IPO are to expand the fleet and network, including the lucrative Hajj and Umrah religious travel market, and to become fully digitalized while escalating its cargo operations. ” The Flynas investment aligns with Saudi Arabia’s Vision 2030’s strategic goals by enhancing international partnerships.
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 ). billion, for a 12.5%
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.
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 businesses, this translates to higher efficiency, reduced costs, and increased profit marginsâgains that can then be reinvested in innovation, talent, and market expansion to drive sustained profitability and growthâboth for companies and societies. Who can recharge companiesâ productivity growth?
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.
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.
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.
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.
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.
Global Finance: Turkey was once notable for being slow in adopting a sustainability agenda, but this has changed dramatically. 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.
The transaction will provide Supernus with an innovative marketed product: ZURZUVAE ® (zuranolone) capsules CIV, the first and only U.S. Terms and Financing Under the terms of the agreement, Supernus will commence a tender offer to acquire all outstanding shares of Sage Therapeutics, Inc. for a purchase price of $8.50
The start of 2023 has seen prices of permits on the European Union’s carbon market rise to record levels, rising above 105 euros per ton of carbon in February. The start of 2023 has seen prices of permits on the European Union’s carbon market rise to record levels, rising above 105 euros per ton of carbon in February.
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.
25, 2023 (GLOBE NEWSWIRE) -- The global asset finance software market size was valued at USD 3.60 The market is projected to grow from USD 3.81 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
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.
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.
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.
No matter the geopolitical noise, the world remains highly connected and customers expect to be served seamlessly across markets. At a regional context, it is essential to recognise that Asia is not a homogenous market. billion by 2030 1. DBS is a safe and trusted counterparty amid market volatility.
With most markets in the region outperforming their global peers, Rola Abu Manneh, CEO of Standard Chartered UAE, Middle East and Pakistan, says the GCC is contributing significantly to her bank’s strategic expansion strategy and its operating income growth. “We
Still, global banks are unlikely cede sole control of Saudi Arabia’s lucrative and relatively untapped market to Goldman Sachs for much longer. 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.
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 holds a dual degree in Economics and Environmental Policy from the London School of Economics and has completed training in Data Analysis and Marketing Strategy.
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.
13, 2024 (GLOBE NEWSWIRE) -- mrge, the leading intelligent platform for Commerce Advertising, announces the acquisition of MaxBounty, a premier performance marketing network based in Ottawa, Canada. This acquisition strengthens mrge's presence in key markets across the USA, EU, and SEA regions. HAMBURG, Germany, Aug.
The global artificial intelligence (AI) market was valued at $93.5 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.
Each month, new firms enter the market. By 2030, an estimated $1 trillion of assets is expected to change hands in the Middle East. They expect their wealth managers and institutions to provide them with global reach and access across different markets and asset classes. Local legislation has evolved to facilitate this process.
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