Iberdrola España, a subsidiary of Spanish energy group Iberdola has commissioned a 316 MW solar farm in the country’s Salamanca province. The solar PV plant, a €200m investment, is part of a partnership with Norges Bank. Once operational, the company’s...
Carrots as well as sticks are required to generate more private sector interest in social impact, according to the Schwab Foundation’s Daniel Nowack. Radical thinking is required if private sector investment is to help close the funding gap for social...
Fitch Ratings has lifted its global growth forecast for 2025 to 2.4% from 2.2%, citing stronger-than-expected second-quarter data, but said evidence of a US slowdown is mounting. The agency noted that “hard” US economic data had shown signs of weakening,...
The UN Trade and Development’s (UNCTAD) September Global Trade Update, published on Monday, finds that while global policy uncertainty is slowly waning, trade uncertainty is rising rapidly, with SMEs and least-developed economies most vulnerable to the current economic environment. Policy...
The Monetary Authority of Singapore (MAS) says the Green Investments Partnership (GIP) fund, part of its Financing Asia’s Transition Partnership (FAST-P) initiative, has achieved a first close with US$510 million in committed capital. The fund will back green and sustainable...
S&P expects loan growth to slow to 4%-5% over the next two years. Malaysia’s banking sector is facing a dip in credit demand and slower loan growth over the next two years but should be able to sustain good profitability. "We...
The global shortfall in supply of trade finance has remained steady at US$2.5tn, according to the latest edition of a closely watched benchmark survey. The value of the trade finance gap is estimated in a biennial survey by the...
BlackRock’s iShares range of over 1600 ETFs have surpassed $5 trillion in global assets under management. The milestone follows a record-breaking first half in iShares ETF inflows ($192 billion) and is powered by growth across multiple high-conviction areas: -Fixed Income ETFs:...
Predoc, a New York-based AI-driven health information management startup, has raised $30 million. The company will use the funding to expand its AI-powered medical records management solutions and scale its customer base in the healthcare sector. Founded in 2022 by Nishant...
The UAE’s real Gross Domestic Product (GDP) grew by 3.9 per cent to total AED455 billion ($123.89 billion) in the first quarter (Q1) of 2025, compared to the same period in 2024. Non-oil GDP recorded a 5.3 per cent growth,...
