British Prime Minister Keir Starmer delivers a statement during the UN Climate Change Conference COP29 in Baku, Azerbaijan on November 12, 2024. — Reuters BAKU: Climate change remains a source of concern and contention for countries around the world who are now fighting over climate finance regarding the phenomenon that affects people around the world. … Read more
House Awards Awards ceremonies and events Global Finance Central Bank Report Card, Interviews with Senior Executives The editors of Global Finance speak with A Grade executives on the pressing issues affecting their economies, getting their views on economic policy, financial stability and the transformative role of banking in today’s rapidly changing global landscape. The interviews … Read more
Global finance spoke with Youssef Halawi, Secretary General of the Al-Barakah Forum for Islamic Economics, about the role of Islamic finance and economics as a holistic and sustainable framework for all economies. Global Finance: Against the backdrop of rising debt, geopolitical and economic instability, how is the role of Islamic finance evolving in addressing emerging … Read more
Due to growing demand, corporations are looking for specialized financial professionals without hiring full-time employees. A growing number of experienced CFOs are stepping away from the corporate grind and taking on freelance roles for multiple clients, either concurrently or on a sequential basis. “The demand for (freelance) professional CFOs has roughly doubled in recent years,” … Read more
The Bank of China (BOC) continues to play a key role in green finance. Through its global brand “BOC Green+”, the bank offers a range of environmentally friendly financial products. The brand is part of the Green Financial Plan, which is in line with China’s national strategy to achieve “carbon peaking and carbon neutrality.” BOC … Read more
Niall Byrne, chief financial officer of QIA (Qatar Investment Authority), the country’s wealth fund, spoke in Doha about his two-year tenure and his commitment to transforming QIA’s finance function to support growth. Founded in 2005 with a mission to create long-term value, QIA invests in nine sectors: retail and consumer; technology, media and telecommunications (TMT); … Read more
Abu Dhabi Development Holding Company (ADQ) has agreed to acquire a 96% stake in Audi Odeabank’s loss-making Turkish subsidiary as the United Arab Emirates deepens economic ties with Turkey. The deal, pending regulatory approval from the Banking Regulation and Supervision Authority and Turkey’s Competition Authority, demonstrates ADQ’s growing presence in banking markets. Lebanese Bank Audi … Read more
Despite security threats and political unrest, tiny Togo is attracting huge interest from foreign investors. A small West African country that is one of the world’s largest phosphate producers, Togo has a resurgent economy and prospects for further development. Its industrial sector is reviving after a long period of stagnation, new investors are coming, and … Read more
HSBC announced on Wednesday at Sibos that it is expanding the trade finance solutions it offers to businesses trading on e-commerce platforms in mainland China and Hong Kong, following the successful launch of its partnership with Dowsure Technologies. Small and medium-sized enterprises (SMEs) typically face challenges securing trade finance, but by using real-time trade data … Read more
Collaboration is key to seizing opportunities in the changing payments environment The modern financial institution (FI) faces a challenging environment but compelling opportunities in Asia. Asia is the engine of global economic dynamics: according to the IMF, it will account for 60% of global growth in 2024 and is home to 60% of the world’s … Read more