The Abu Dhabi National Oil Company (ADNOC) has introduced XRG, a groundbreaking international investment platform with an enterprise value exceeding $80 billion. This newly formed venture aims to drive the transition towards lower-carbon energy and chemicals, capitalizing on emerging global trends to position itself for long-term growth. XRG will operate as an independent entity with […]
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The International Finance Corporation (IFC), a member of the World Bank Group, has successfully raised AUD 700 million through a 10-year green Kangaroo bond to fund biodiversity and environmental initiatives in emerging markets. This landmark issuance is part of the IFC’s broader efforts to close the biodiversity finance gap and promote sustainable development in regions […]
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Concerns regarding Israel’s political and economic stability have introduced new challenges for fundraising in the tech sector. In response, angel investors and investment clubs are stepping up to offer late-stage investment opportunities to fill the gap. Recent reports from Israel’s Innovation Authority and Start-Up Nation Central (SNC) highlight the impact of geopolitical turbulence on Israel’s […]
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Global Surge in Sustainable Finance: PRI and SSE Initiatives Paving the Way for Responsible Investment The global finance sector is undergoing a monumental shift towards sustainability, with the Principles for Responsible Investment (PRI) and the Sustainable Stock Exchanges (SSE) Initiative leading the charge. These initiatives have catalyzed an investment movement that prioritizes environmental, social, and […]
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Mekorot, Israel’s national water company, concluded the first three quarters of 2024 with a net profit of approximately NIS 166 million — a 14% increase compared to the same period in 2023, which saw a net profit of NIS 146 million. The company’s total revenues were approximately NIS 4.04 billion for the first three quarters […]
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In a high-profile case that has captured global attention, Truong My Lan, a 68-year-old Vietnamese property magnate, is at the center of a legal and moral dilemma. Convicted of embezzling an astonishing $12.3 billion from the Saigon Commercial Bank, Lan was sentenced to death in April. Her crimes, including bribery of government officials and violating […]
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Truong My Lan, a 68-year-old property magnate and founder of the Van Thinh Phat Group, has appealed her death sentence for embezzling billions of dollars from the Saigon Commercial Bank (SCB). In a poignant final statement before the court in Ho Chi Minh City on Tuesday, Lan pleaded for mercy, insisting that her primary focus […]
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Intense discussions around climate finance have dominated this year’s COP, but sourcing funding is only one part of the puzzle. Now that there is a new global funding target, it is time to focus squarely on how the money will be disbursed and to whom. Historically, not nearly enough climate finance has made it […]
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As the global community grapples with the twin crises of poverty alleviation and climate change, the conversation around a “just transition” has become more urgent. At the core of the challenge lies the fact that climate change does not impact everyone equally. For vulnerable communities, its effects are more severe, often compounding their existing challenges. […]
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As the demand for faster, more secure AI solutions intensifies, decentralized AI startups are becoming a major focus for investors, capturing a rapidly increasing share of venture capital. These startups, which leverage blockchain and cryptography to distribute AI workloads across a decentralized network of computing resources, have seen an impressive surge in funding. According to […]
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