The Kingdom of Saudi Arabia is anticipating a busy year of stock market listings, as investors look to allocate cash saved up during the pandemic.
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Payments industry body the Emerging Payments Association is fighting against proposals from the UK financial regulator to force consumer facing companies to put take steps the FCA claims will put consumers first, saying that the plans will ultimately hurt the end user.
A solar project backed by the Saudi sovereign wealth fund reached financial close in August, as asset managers in the Middle East and Africa region enjoy bumper growth coming out of the coronavirus pandemic.
Turkey’s Akbank has signed a $100m sustainability-linked facility from the Asian Infrastructure Investment Bank (AIIB), becoming the Turkish first deposit bank to secure funds from the multilateral lender as sustainable finance takes deep root in the country.
Nigeria garnered US$12.2bn of peak demand for a triple-tranche Eurobond in September, with the sovereign rewarded for braving a volatile market.
The acquisition includes five wind farms and two solar plants in Egypt and Jordan, totaling more than 400MW.
In a bid to prevent greenwashing, climate-related disclosures are becoming mandatory for UK businesses, with similar rules coming into force all around the world.
