Lloyd announces funding of Nephila’s Syndicate 2358 through LBR PCC
Lloyd’s has today announced that investment manager Nephila has funded its newly launched Syndicate 2358, which focuses on short to medium-term business lines, with capital provided through London Bridge Risk PCC (LBR PCC). The new transaction provides reinsurance capital from a diverse group of investors, including four pension funds, to support underwriting beginning with the […]
Tabreed collaborates with IFC to expand in India
National Central Cooling Company PJSC (DFM: Tabreed) has finalized a significant strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group and the global development institution focused on the private sector in emerging markets. The partnership will include ownership of Tabreed India, currently, a wholly-owned subsidiary of Tabreed, being transferred […]
Iris Capital launches venture debt fund
Iris Capital Partners Sdn. Bhd. has launched a privately led venture debt fund, the Iris Fund, which aims to finance high-impact startups from Malaysia and the ASEAN region. The firm is one of eight VC fund managers selected under the Dana Penjana Nasional (DPN) program through Penjana Kapital Sdn Bhd, which is owned by the […]
Decrypting the crypto trends 2022
From NFTs to the metaverse, 2021 saw crypto breaking into mainstream consciousness. But as we move past the inflection point, Ripple’s Managing Director for APAC & MENA, Brooks Entwistle, predicts a more focused approach to crypto in 2022 with a renewed focus on real-world applications and their tangible business outcomes. Over the past year, the […]
Huhtamaki signs VPPA with BayWa r.e. for sustainable energy
Huhtamaki takes a major step towards its target of using 100% renewable electricity and carbon-neutral production by 2030 by signing the largest solar Power Purchase Agreement in the packaging industry in Europe Carbon neutral production and the use of 100% renewable electricity by 2030 are stated to be among Huhtamaki’s sustainability ambitions. By signing two […]
Tata Motors and Bandhan Bank signs MOU to fund their passenger vehicles customers
Tata Motors, India’s automotive manufacturer, has become the OEM of choice for Bandhan Bank to sign a retail finance MoU, offering exciting finance options to all its passenger vehicle customers. As part of the tie-up, Bandhan Bank is said to provide loans to Tata Motors’ customers at an interest rate starting from as low as […]
ADNOC and H&P announces Rig Enablement Framework Agreement
ADNOC Drilling Company and Helmerich & Payne, Inc. (“H&P”) today jointly announced the finalization of the Rig Enablement Framework Agreement (“Framework Agreement”). The Framework Agreement is stated to advance ADNOC Drilling’s land rig operational performance, as well as support its ambitious growth and expansion plans. Focused on improving drilling efficiencies and unlocking operational savings, the […]
ekar launches its services in Thailand
ekar, the Middle East’s mobility company, is launching operations in Thailand starting with Bangkok in January 2022, followed by other cities later in the year. As a beachhead strategy, ekar is launching its proprietary car subscription service which offers cars from one to nine-month terms for a single monthly subscription cost with no down payments […]
FSS and CSB Bank partners to open Smart Cash Franchises
FSS (Financial Software and Systems), a provider of integrated payment products and a payments processor, and CSB Bank, one of the oldest private sector banks in India, have joined forces to deliver hyperlocal banking services to financially underserved segments. Under the aegis of this partnership, CSB Bank and FSS plan to open 1,000 Smart Cash […]
DIFC announces the set-up of Specialised court for the Digital Economy
The Dubai International Financial Centre (DIFC) Courts today announced the launch of a ‘Specialised Court for the Digital Economy’ aimed at simplifying the settlement process of complex civil and commercial disputes related to the digital economy. The new specialised Court will deal with national and international disputes related to current and emerging technologies. It will […]
