Search Results for: Africa
UAE making 2015 the year of renewable energy
July 6th, 2015
Some consider 2015 to be the year for renewable energy in the UAE. Three reasons stand out: the country’s expansion of clean-energy projects, its funding of renewable projects abroad and the fact that the Emirates has the lowest solar-energy ...
Codename Citicoin: Banking giant built three internal blockchains to test Bitcoin technology
July 3rd, 2015
Citigroup, the global advisor of multi-nationals and governments, has been using its scale and reach in some surprising ways, such as conducting transactions on mobiles without bank accounts in Kenya, and developing blockchains within the bank and test-coins to ...
Citigroup, HSBC Among Banks Named in Brazil Currency Probe
July 3rd, 2015
Citigroup Inc., Morgan Stanley, HSBC Holdings Plc and 12 other banks are being investigated for currency manipulation by Brazil’s antitrust agency after similar probes in the U.S. and Europe led to penalties of more than $10 billion. Cade, as ...
EY promotes 753 new partners worldwide
July 2nd, 2015
Ernst & Young (EY) today announced the promotion of 753 of its people to partner, its largest increase since 2008 and a 12% increase over 2014. This year, EY added a record number of women to its ranks of ...
Nasdaq Launches Index Calculation System for Marketplaces
June 30th, 2015
Offering gives exchanges index producer capabilities, opportunities for new revenue streams Singapore Exchange to leverage technology to boost index services offering Nasdaq (Nasdaq:NDAQ) announced today the launch of the Nasdaq Index Calculation System, a standalone solution that provides marketplaces with ...
UAE among priority countries for Standard Chartered
June 26th, 2015
Standard Chartered has outlined a plan to spend more money growing its business in emerging-market countries including the UAE, where the fallout from lower commodity prices has not been as crippling as it has been in countries such as ...
UAE tops regional countries on inclusive growth
June 25th, 2015
The UAE has topped countries in the Middle East and Africa (MEA) region for inclusive growth, with a score of 57.58, according to MasterCard’s 2015 Middle East and Africa Inclusive Growth report. Factors including the UAE’s diversification of its ...
Russia Beats Saudi Arabia to Become China’s Top Oil Supplier
June 24th, 2015
Russia surpassed Saudi Arabia to become China‘s top oil supplier in May, news agency Bloomberg reported Tuesday, underlining the Kremlin’s efforts to boost ties with Beijing amid frosty relations with the West over the Ukraine crisis. Russian exports accounted for one-third of all China’s oil imports in May, ...
Clifford Chance advises Deutsche Bank, J.P. Morgan and Standard Chartered Bank on a $500 Million Offering
June 23rd, 2015
Clifford Chance has issued a press release to inform that: The firm has advised Deutsche Bank, J.P. Morgan and Standard Chartered Bank in connection with the $500 million offering of 6.950% notes due 2025 by the Gabonese Republic. It ...
Access to the Financial Sector: A Global Perspective
June 22nd, 2015
The availability of a bank account is a big help to individuals, and to an economy. For the individual, it provides safety for saving, a channel for receiving and making payments, and the possibility of getting a loan at ...
