The African Development Bank conducted feasibility studies on Northeast African projects. (Photo : Reuters)This is the Nile River in modern times. African Development Bank's energy sector official Khalid Al Askari said today that the bank have conducted studies on a planned electricity link investment project spanning three countries - Ethiopia, Sudan, and Egypt.
Sectors
Waze paves way for Israel startups
Google's acquisition of Waze could put Israel's tech development industry back on the map, analysts said.
Dixon Advisory gathers US$161 million
Dixon Advisory raised US$161 million for a new commercial asset fund. (Photo : Reuters)This is the logo of Dixon Advisory. Dixon Advisory, a financial planning entity, announced today that raised a total of US$161 million for a new commercial property fund.
UPDATE: EBX Group collapses after Batista's exit
EBX Group's shares were considered worthless as the company officially breaks up today. (Photo : Reuters)This is Eike Batista. The exit of Brazilian billionaire Eike Batistsa from MPX Energia officially started the collapse of his former industrial conglomerate giant EBX Group.
Bad Reputation Leads to Falling Stock Prices for Manila Water Company
Manila Water Company's (MWC) stock prices plummeted after a week since it was reported that the water regulator was letting its consumers pay for its taxes.
Latest News
Five directors of Trio Capital Limited accepted enforceable undertakings from APRA. (Photo : Reuters)This is the corporate logo of Trio Capital. In an announcement made by the Australian Prudential Regulation Authority or APRA today, five Trio Capital Limited directors have been relieved of their positions due to their admission of failure.
According to sources, Barclays PLC, Citigroup Inc and JPMorgan Chase & Co. are set to manage Eastern Europe's largest budget carrier, WIzz Air's initial public offering.
Sindh chief minister urged foreign and local investors to invest in the region's several industries.
An estimated 84 megawatts of power will be generated after a pipeline investment is made in the Gulf region.
Investor Eduardo Elsztain withdraws his support for IDB Holding. (Photo : Reuters)This is Argentinian investor Eduardo Elszatain. Argentinian investor Eduardo Elsztain withdrew his planned backing of IDB Holding Corporation, a member of Nochi Dankner's portfolio of companies.
Capstone Infrastructure and Shares of Renewable Energy agreed to exchange shares to form a combined entity that was not only well-funded but also diverse.
To achieve the 3% leverage ratio target proposed by Basel, analysts claimed that Deutsche Bank still has to increase its capital or decrease its assets by 409 billion Euros.
Sprott and CITICPE joint venture would not proceed as planned. (Photo : Reuters)The image shows the facade of a Chinese bank operated by the CITIC Group, who also operated CITICPE HK.
Russia's Gazprombank has withdrawn from the Swiss franc Tier 2 Bond deal, source revealed. (Photo : maximzimin. com)Gazprombank pulls out of deal allegedly While the third largest bank belonging to the Russian Federation, Gazprombank, has yet to give an official statement on this move, the source confirmed that the bank preferred to wait for better market conditions before continuing on with the Swiss Franc Tier 2 deal.
