IMF releases $4.3 bn to South Africa for economic recovery
The fresh funds are categorised under 'rapid financing instrument'
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China to sign a $400 billion deal with Iran for a 25-year period
The investment will bolster ties between the two countries
Bahrain’s SICO plans to offer sukuk-based murabaha service
SICO, the Central Bank of Bahrain and the Bahrain Bourse have signed an agreement to launch the new service
China’s environmental fund raises $12.59 billion
The funding will fulfill China’s clean tech mission
African Development Bank commits Covid-19 support for multiple nations
In its latest development, the bank has granted loans worth $97.675 million to Rwanda
Revolut raises $80 mn from fresh funding round
Revolut raises $80 mn from fresh funding
Li Auto seeks to raise $950 mn in its US IPO debut
The move marks one of the biggest US listings by Chinese companies this year
Abu Dhabi to house the world’s largest solar plant
EWEC has formed a consortium of four companies for the project’s development
SABB completes Tier II SAR-denominated Sukuk offering
Each Sukuk will value SAR 1 mn
BNP Paribas Wealth Management appoints new Asia Pacific chief
Steven Billiet will take over his new role from 8 August 2020