Today marks 600 days of war in Sudan – a war that has generated what the UN calls “a freight train of suffering.” Even as ongoing crises in Ukraine and Gaza draw more international attention, Sudan has become the site of a declared famine and the world’s largest current displacement crisis. While international attention remains […]
Continue Reading
The Financial Action Task Force (FATF) is consulting about proposed revisions to its anti-money laundering, counter-terrorism financing, and counter-proliferation financing (AML/CFT/CPF) standards. The proposed revisions to Recommendation 1 (R.1) aim to bolster financial inclusion by refining how the risk-based approach (RBA) is implemented globally. While the updates are a step forward, the financial inclusion community […]
Continue Reading
Saudi Arabia has extended its financial support to Pakistan by renewing a $3 billion deposit with the State Bank of Pakistan (SBP), continuing a partnership aimed at bolstering Pakistan’s foreign exchange reserves. This renewal, announced by the Saudi Fund for Development (SFD), will provide Pakistan with much-needed liquidity to stabilize its economy amid significant debt […]
Continue Reading
Startup businesses are the backbone of innovation, economic growth, and job creation worldwide. However, despite their immense potential, a staggering 90% of startups fail, leaving billions of dollars in lost investments and untapped opportunities. This high failure rate presents a critical challenge, not only to entrepreneurs but also to the broader economy. In this article, […]
Continue Reading
Bank Leumi makes it easy for English speakers to conduct their banking business entirely in English – both online and in person – with a variety of services in English that enable users to quickly and easily access their accounts, communicate with bank representatives, and perform a wide variety of transactions. In fact, Bank Leumi […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
