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,...
Germany's current energy transition strategy could cost as much as €5.4 trillion by 2049, heavily burdening businesses and households and weakening competitiveness, the German Chambers of Industry and Commerce (DIHK) said. Berlin aims to cover 80% of its electricity needs...
Standard Chartered has entered into an agreement with Envision Group to extend a syndicated bank guarantee of over USD 300 million to support the latter’s sales and supply of wind power equipment in overseas markets. This is the world’s...
The world’s richest people and their wealth managers continue to flock to the region, lured by low taxes, business-friendly regimes and year-round sunshine. Rothschild is set to take over the United Arab Emirates subsidiary of the Liechtensteinische Landesbank (LLB), bolstering...
Digital trade financier Mercore and electronic trade documents provider Enigio are expanding their collaboration to deliver fully digital, secure, and legally enforceable trade documents to institutions around the world. Enigio, the technology firm behind the trace: original solution that enables...
Sallyport Commercial Finance to announce the funding of a $10,000,000 accounts receivable facility for a seasoned third-party logistics provider. Commercial Finance Partners, stayed engaged with the client for over a year, providing steady guidance through challenges with their existing bank...
Their uncertainty risks were raised to medium in April 2025. Singapore’s big three banks’ “uncertainty ratings” have been lowered to low as US tariff risks ease, according to the Morningstar Equity Analyst Note. “We now judge these risks to have eased...
