U.S. corporates’ interest coverage continued decline in Q1. High interest rates are increasingly eating into corporate profits. S&P Global Market Intelligence reports debt service costs consumed a larger share of U.S. corporate profits in the first quarter. For the median investment grade...
The UAE has captured 45.4% of the total foreign direct investments (FDIs) flowing into the Arab states, amounting to AED248.3 billion ($67 billion) in 2023, a report said, citing World Investment Report 2024 by UN Trade and Development (UNCTAD). The...
The financing includes a $249m construction and term loan, a $163m tax equity bridge loan and $101m letter of credit facility. Recurrent Energy, a subsidiary of Canadian Solar, has closed $513m in project finance for its energy storage project in...
UAE’s banking sector, a catalyst for sustained growth, has seen its total assets exceed AED4.25 trillion ($1.16 trillion) at the end of the first quarter (Q1) of 2024, the CEOs Advisory Council of UAE Banks Federation has been apprised. According...
Despite a testing environment, FDI growth for the year remains possible. Prospects for global foreign direct investment (FDI) are “challenging” this year, as the world economy faces weakening growth prospects and a continuation of tensions over trade and geopolitics, according...
The S$75 million multi-currency loan diversifies Carro’s funding channel, particularly in Malaysia. Singapore startup Carro announced that it signed a S$75 million multi-currency loan with HSBC, making the home-grown company the first to tap HSBC’s Asean Growth Fund of US$1...
HSBC has announced the launch of World Trader in the UAE, a digital trading platform providing customers with access to a wide range of investments internationally. WorldTrader will give HSBC Wealth and Personal Banking (WPB) customers access to up to...
TagEnergy has commenced construction of Stage 2 of the 1.33GW Golden Plains wind farm in Victoria, Australia. The wind farm will supply 9% of Victoria’s energy needs by mid-2027. The commencement of the 577MW Stage 2 follows the financial close of...
While SNB issued its 2nd rate cut in last 3 months, Bank of England, Fed keep their over-decade-high levels of policy rates. The Swiss National Bank (SNB) issued its second rate cut in the last three months, becoming a leading...
The developing world is still reliant upon coal, gas and oil for the majority of its energy needs, according to the Energy Institute. Global consumption of fossil fuels such as coal and oil climbed to a record high last year,...
