JAKARTA: The UAE has announced it is studying investment options for infrastructure development projects in Indonesia before injecting more financial support through the southeast Asian country’s newly launched sovereign wealth fund.
As part of the recent Indonesia-Emirati Amazing Week tour of four cities, UAE Energy and Infrastructure Minister Suhail Al-Mazrouei and his delegation signed several business deals, including a pledge to develop a $500 million tourism resort on an island in Aceh province and a $1.2 billion port and industrial zone development scheme in Gresik, East Java province.
“When we met two years ago, no one was seeing these projects, now we are signing some of these projects,” said the minister, referring to Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan’s visit to Indonesia in July 2019 the first by a UAE leader since the crown prince’s father visited the country in 1990.
[Jobs Roundup] Work with women-led digital debt platform Northern Arc with these positions
To date, Northern Arc has enabled debt financing of around Rs 90,000 crore for its clients across micro-finance, small business finance, affordable housing finance, vehicle finance, agriculture finance, consumer finance, fintech, and mid-market corporates.
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Northern Arcannounced it received
$50 million in debt financing from
US International Development Finance Corporation (DFC).
The first tranche of $25 million was made available in December, while the remaining $25 million was disbursed recently. The funds will be deployed for on-lending to financial institutions, as well as lending directly to retail customers through the co-lending product, and mid-market corporates.
Portugal Envoy Urges US to Counter Chinese Bid at Key Seaport singaporestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from singaporestar.com Daily Mail and Mail on Sunday newspapers.
March 6, 2021 Share
Once the seat of a powerful maritime empire, Portugal is attracting attention from today’s great powers. Analysts warn that unless the U.S. moves quickly, China will soon expand its control over a key Portuguese seaport.
A month from now, the fate of a new terminal at the Port of Sines on Portugal’s southwestern coast is scheduled to be decided.
Sines is “the first deep water port if you go from the United States to Europe, so it’s a very important infrastructure,” Domingos Fezas Vital, Lisbon’s ambassador to the United States, said in a phone interview.
Portugal Envoy Urges US to Counter Chinese Bid at Key Seaport shanghainews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghainews.net Daily Mail and Mail on Sunday newspapers.