Latest News
UOB commits $30 million for Southeast Asian student support on its 90th anniversary
By Globe Banner | Mar 3, 2025
UOB has announced a significant initiative to mark its 90th anniversary by pledging $30 million to support educational programs for disadvantaged students across Southeast Asia.
World Bank denies allegations of missing $41 billion in climate financing
By Globe Banner | Mar 2, 2025
The World Bank addressed recent claims suggesting that a significant sum of its climate finance funds, ranging between $24 and $41 billion, was not properly tracked or misplaced.
U.S. tariff impacts: Economic growth dampened amid ongoing uncertainties
By Globe Banner | Feb 28, 2025
The economic effects of tariffs, particularly those imposed by the United States, have been a subject of extensive analysis and debate.
GCC poised for strong economic performance amid global slowdown
By Globe Banner | Feb 28, 2025
Standard Chartered has released its Global Market Outlook for 2025, predicting that the Gulf Cooperation Council (GCC) will continue to demonstrate economic resilience despite global uncertainties.
KfW signs EUR 150M deal with Cape Town for electricity grid modernization
By Globe Banner | Feb 28, 2025
Global and European cooperation has become crucial in addressing the growing polarization and fragmentation in today's world.
Caribbean initiatives blend conservation with economic growth
By Globe Banner | Feb 28, 2025
Local beekeepers in the buffer zones of Sierra de Bahoruco National Park, Dominican Republic, have turned conservation into a successful business.
SLGI Asset Management to close certain mutual fund series
By Globe Banner | Feb 28, 2025
SLGI Asset Management Inc. has announced the closure of certain mutual fund series, referred to as the "Terminating Series."
World Bank proposes strategies for boosting South African economy
By Globe Banner | Feb 28, 2025
The World Bank has released a new report titled "Driving Inclusive Growth in South Africa: Quick Wins with Competitive Markets and Efficient Institutions."
World Bank backs new $22M project to boost Suriname's disaster resilience
By Globe Banner | Feb 28, 2025
Suriname has embarked on a significant development initiative with the World Bank, marking an important milestone in their collaborative efforts.
Central Bank Research Association seeks papers on climate-related financial risks
By Globe Banner | Feb 28, 2025
The Central Bank Research Association (CEBRA) has issued a call for papers for its 2025 Annual Meeting.
World Bank funds $156M project to improve Guyana's road infrastructure
By Globe Banner | Feb 28, 2025
The World Bank has approved a $156 million project aimed at improving Guyana's road infrastructure.
World Bank urges India to speed up reforms for high-income status by 2047
By Globe Banner | Feb 28, 2025
A World Bank report released today emphasizes the need for India to implement accelerated reforms to achieve high-income status by 2047.
World Bank proposes strategies for job creation in South Africa
By Globe Banner | Feb 28, 2025
A new report from the World Bank, titled "Driving Inclusive Growth in South Africa: Quick Wins with Competitive Markets and Efficient Institutions," outlines strategies to stimulate job creation and inclusive growth in South Africa.
Hafeet Rail secures $1.5B financing for UAE-Oman rail link
By Globe Banner | Feb 28, 2025
The Hafeet Rail network project, connecting the UAE with the Port of Sohar in Oman, has secured USD 1.5 billion in project finance debt.
World Bank honors Georgian firms at annual transparency awards
By Globe Banner | Feb 28, 2025
The World Bank has recognized companies for their excellence in corporate reporting and transparency at the 6th "Best Annual Report and Transparency Award" (BARTA) ceremony held in Tbilisi.
World Bank approves new project supporting renewable energy in three Caribbean nations
By Globe Banner | Feb 28, 2025
The World Bank's Board of Executive Directors has approved a new project aimed at enhancing energy efficiency and promoting renewable energy in Grenada, Guyana, and Saint Lucia.
Standard Chartered expands private banking team by 20% in UAE
By Globe Banner | Feb 28, 2025
Standard Chartered Global Private Bank has announced a 20% expansion of its frontline private banking team in the UAE.
NCUA prohibits former Altana Federal Credit Union employee from working in federally insured institutions
By Globe Banner | Feb 28, 2025
The National Credit Union Administration (NCUA) has issued a consent order in February 2025, permanently prohibiting an individual from participating in the affairs of any federally insured depository institution.
World Bank funds $100M project to boost higher education in Tunisia
By Globe Banner | Feb 28, 2025
The World Bank's Board of Directors has approved a US$100 million project to enhance the quality and governance of higher education in Tunisia.
Swiss Re posts $3.2B profit for FY24; proposes higher dividend amid solid capital position
By Globe Banner | Feb 27, 2025
Swiss Re reported a net income of USD 3.2 billion for 2024, up from USD 3.1 billion in the previous year, and achieved a return on equity (ROE) of 15%.