The Asian Development Bank (ADB) and the African Development Bank have today formalised a $1 billion sovereign exposure exchange deal with the objective of augmenting their capital adequacy levels and… read more →
From September 2023, leading aluminium rolling mill Niche Fusina Rolled Products (Fusina) will source 100% of its primary aluminium from low-carbon suppliers, via Concord Resources Limited. Precise carbon footprints will… read more →
In a bid to bolster the global presence of the Indian rupee, India and the United Arab Emirates have reached an agreement to utilise their respective local currencies for cross-border… read more →
The UK announced on Tuesday its plan to engage in discussions with Turkey to update their existing bilateral free trade agreement. The goal is to expand the scope of the… read more →
Russia announced on Monday the suspension of a vital humanitarian corridor established to facilitate the export of crucial Ukrainian grains to global markets, just hours before the deal’s termination. The… read more →
Business and Trade Secretary Kemi Badenoch officially signed the accession treaty to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in New Zealand, marking the beginning of the UK’s… read more →
Volante Technologies, a company specialising in cloud payments modernisation, has expanded its existing collaboration with KPMG LLP. The two have developed a new ISO 20022 maturity model designed to assist… read more →
The Electronic Trade Documents Act (ETDA) is soon to be granted Royal Assent and will be implemented two months thereafter. This Act is the result of years of dedicated effort… read more →
The International Finance Corporation (IFC) has become the main investor in the first-ever municipal utility sustainability-linked bond in central and southern Europe. The investment includes €72.5 million from a total… read more →
Financial leaders, corporations, and philanthropists are pooling resources of more than $2 billion to bolster efforts in carbon reduction and climate resilience across Africa, Asia, and Latin America, according to… read more →
Celsius Tankers (“Celsius”) is strengthening its existing partnership with independent LNG trading company, Gunvor Group Ltd (“Gunvor”), with the charter of four high-efficiency, modern LNG carriers. These carriers, set to… read more →
In line with robust demand and a more significant drop in US oil inventories than anticipated, oil prices climbed on Friday and are set to register a consecutive weekly increase,… read more →
Persisting ramifications of the COVID-19 pandemic, escalating geopolitical uncertainties, and soaring inflation continue to plague international commerce. Yet, in the face of these worldwide disruptions, nations are making significant strides… read more →
US manufacturing experienced a further decline in June, reaching levels not seen since the initial wave of the COVID-19 pandemic. However, there is a positive aspect as price pressures at… read more →
Bahrain and the UK have officially entered into a memorandum of understanding (MoU) to establish a strategic investment and collaboration partnership. The agreement paves the way for Bahrain‘s private sector,… read more →