Austrian ECA OeKB and the ministry of finance will start accepting applications for export and investment insurance in Ukraine via a special fund.Around €500 million will be allocated to cover operations in Ukraine over the next five years, and the attraction of funds from international... More

Ukraine is unveiling a new product through its ECA to provide investment credit insurance. This insurance scheme aims to safeguard investments against the risks associated with war, with insurance premiums being determined based on various factors. The location of the investment relative to combat... More

ADNOC has shipped “thousands of tonnes” of blue ammonia to Mitsui in Japan for use in power generation.While the company had previously delivered test cargos of low-carbon NH3 to Japan in 2021, this is the world’s first certified bulk commercial shipment of blue ammonia, the UAE... More

Pakistan is poised to cement a partnership with China on a new crude-to-petrochemical refinery project. The agreement, which would involve Saudi Aramco, Pakistan State Oil, and Sinopec, is likely to be penned during Pakistan PM Shehbaz Sharif’s visit to Beijing next month.The proposed design... More

Prices for key minerals used in clean energy technologies dropped in 2023, but new IEA analysis shows need for greater and more diversified investment to support efforts to reach energy and climate goals.The Global Critical Minerals Outlook 2024 updates the IEA’s inaugural review of the market... More

EBRD is financing the construction of a 10MW solar power plant in the Feriana region of Tunisia.The financing package entails a €3.9 million EBRD loan and up to €1 million in concessional funding from Finland under the EBRD’s High Impact Partnership on Climate Action to Centrale... More

NEXI is backing a $100 million Deutsche Bank loan to Turkish energy group Calik Enerji.The loan, with 100% political risk cover and 90% commercial risk cover, will be used for renewable energy business development and newly introduced energy resources such as hydrogen and ammonia. Japan's... More

To promote trade and foster economic growth in Africa, IFC announced trade finance facilities with seven Ecobank Transnational Incorporated (ETI) subsidiaries operating in Burkina Faso, Cameroon, Cote d'Ivoire, Ghana, Malawi, Mali, and Togo.IFC's $140 million trade finance guarantee facility... More

Brazil President Luiz Inacio Lula da Silva shook up the leadership of Petrobras, firing the chief executive officer and one of his top deputies after months of sparring.Petrobras CEO Jean Paul Prates, who had fought with the president over dividend payments, was formally dismissed at a board... More