Moody’s to acquire majority stake in Egypt’s MERIS
Moody’s Corporation (NYSE:MCO) announced plans to acquire a majority equity stake in Middle East Rating &…
Browsing Tag
Financial Institutions
CBE suspends banking operations on Thursday for Revolution Day
The Central Bank of Egypt (CBE) announced that all banks operating in the country will suspend work on Thursday,…
EBRD, Banque Misr sign Egypt’s 1st $100m sustainability-linked loan deal
The European Bank for Reconstruction and Development (EBRD) signed Egypt’s first sustainability-linked financing…
India secures $386b for renewable energy expansion
India has secured a commitment of $386 billion from banks and financial institutions to expand its renewable energy…
S. Korea’s foreign securities investment up 2.1% in Q2
South Korea's institutional investment in foreign securities rose a 2.1 per cent increase in June quarter from the…
Canadian banks fall behind in renewable investments
Canada’s financial institutions are falling short in the investment levels required for renewable energy to reach…
Switzerland launches instant payments
Switzerland introduced instant payments on August 20, 2024, with around 60 financial institutions now able to…
China, US pact to address financial stress
China's central bank announced a significant development in financial diplomacy, revealing that a meeting in…
China boosts lending to flood-hit regions
The People's Bank of China (PBC) has announced a significant increase in relending quotas to support the…
China extends low-cost loans for carbon reduction to ’27
China's central bank, the People's Bank of China (PBOC), will extend a programme providing low-cost loans to…