Latest News

Diana ships out to Olam

Diana Shipping Inc – the global company specializing in dry bulk vessels – has, through a separate wholly-owned subsidiary, entered into a time charter contract with Olam International for one of its Capesize dry bulk vessels… the m/v Baltimore

DBS marks market first in trade finance

DBS has completed Singapore’s first trade finance transaction referencing the Bloomberg Short-Term Bank Yield Index (BSBY) with Reliance Global Energy Services, the energy trading arm in Singapore of the Indian multinational conglomerate, Reliance Industries

BPL and Euler Hermes score insurance first

Broker BPL Global and trade credit underwriter Euler Hermes have collaborated to develop the first API-based digital broker-underwriter integration in the Credit and Political Risk Insurance (CPRI) market

EBRD takes stake in EIG, Bulgaria

The EBRD has signed an agreement to acquire a minority stake in Bulgaria’s Euroins Insurance Group (EIG), one of the largest independent non-life insurance groups in central, eastern and south-eastern Europe

Deadline looms for VC infra pitches

Venture capital firms have until 10 October to submit proposals for Asian Infrastructure Investment Bank’s Venture Capital Fund Showcase during the 2021 AIIB Annual Meeting

Mahmud takes chair in Malaysia EXIM Bank

Azman Mahmud has been named chairman of the Export-Import Bank of Malaysia (EXIM Bank) succeeding Dr Feizal Mustapha who ended his term with the bank earlier this year

Free EBRD – the green pioneer

To be a pioneer one does not always have to invent the wheel. Sometimes one has to prepare the ground on which the wheels can turn. As Thomas Edison famously said: “Genius is 1% inspiration, 99% perspiration”

EIB boost for Zambian agri

The European Union and the EIB have joined forces to drive a €30 million initiative to accelerate agricultural investment in Zambia

Werner takes IFC lead for India

The International Finance Corporation has named Wendy Werner as its new country head for India, replacing Jun Zhang who recently retired after a long career at the IFC

Narain joins HSBC from Google

Aman Narain has jumped ship from Google to join HSBC in Singapore as the bank’s head of platforms for global banking, taking lead on helping clients embed its solutions into their digital platforms

Zekkar joins Enigio as CEO

Patrik Zekkar has been named chief executive at Enigio as the Swedish fintech company accelerates its plans for expansion

EIB backs Cambodian transport

The EIB has secured a €15 million grant from the European Union to accelerate the implementation of the Sustainable Assets for Agriculture Markets, Business and Trade (SAAMBAT) project

Mexico’s AMLO peddles constitutional power reforms

Mexico’s President Andrés Manuel López Obrador (AMLO) has put forward an initiative that would reform the country’s constitution as it pertains to the power sector, in an effort to strengthen state-owned energy companies.

Merry-go-round launched for circular economy

The EBRD is launching a programme – the Circular Economy Regional Initiative – in Turkey and the Western Balkans to address barriers to the transition to a circular economy

ADB signs loan on long-delayed Timor-Leste brownfield

Asian Development Bank (ADB) and the government of Timor-Leste signed a $135 million loan to assist on a brownfield transport PPP at the country’s main gateway.

EIB backs Swedish recovery

The European Investment Bank (EIB) has signed a guarantee agreement with the Swedish Export Credit Corporation (SEK) to provide new financing of €817 million (Skr 8.3 billion) to Swedish companies

Key development for digital trade

The Uniform Rules for Digital Trade Transactions (URDTT) Version 1.0 have been issued by the International Chamber of Commerce

Kolibri seals new debt deal

Kolibri Global Energy Inc’s indirect wholly owned subsidiary BNK Petroleum (US) Inc has received an extension of the maturity date on its credit facility with BOK Financial (BOKF) from June 2022 to June 2023