Oil prices slipped on 26 July and were on track for a third consecutive weekly decline, pressured by muted demand in China and hopes of a Gaza ceasefire deal that could ease Middle East tensions and accompanying supply concerns.Brent crude futures for September dipped 56 cents to $81.81 a... More

Brazil's state-run oil company Petrobras is wrapping up due diligence for a bid on the Mataripe refinery it sold to Abu Dhabi sovereign fund Mubadala for $1.65 billion in 2021.President Luiz Inacio Lula da Silva campaigned against the sale of Petrobras refineries and has pushed for the company... More

The seaborne metallurgical coal market will likely remain rangebound in Q3 as cargo supplies offset the fears of tight supply following a mine incident, while the market awaited India's return for post-monsoon procurement, according to an S&P Global Commodity Insights. The third quarter... More

Asian Development Bank (ADB) has signed a transaction advisory services agreement with the Government of Kazakhstan for its Hydropower Development Program. ADB’s mandate is to work with the government to conduct pre-feasibility studies, assist in preparing auction documents and a template... More

Fitch Ratings has affirmed SACE's long-term issuer default rating (IDR) at 'BBB' with a stable outlook. A full list of rating actions is below.The affirmation reflects Fitch's view that SACE will maintain its role as Italian export credit agency and Fitch's expectation that... More

Gold prices regained some ground on Friday after falling sharply in the previous session, ahead of key U.S. inflation data that could offer more cues on when interest rate cuts will start.Spot gold rose 0.3% to $2,370.5 per ounce by 1110 GMT, but was down 1% so far this week. Prices had hit their... More

Georgia Global Utilities (GGU), a subsidiary of Aqualia, has raised $300 million from a green bond issue. The deal features anchor investments from ADB ($40 million), DEG, EBRD and IFC ($40 million).Proceeds from the certified green bond—the largest ever issued from a Georgian private... More

The EIB and the Spanish railway infrastructure company Adif Alta Velocidad (Adif AV) have signed a €430 million ($467 million) loan to build a high-speed rail line. The 182 km line will connect the three capitals of the Basque Country region in Spain and strengthen connections with the... More

Omani global logistics provider Asyad Group has acquired freight forwarding companySkybridge Freight Solutions (SFS). The landmark acquisition is the group’s first international acquisition in core logistics activities and marks a strategic move to significantly expand Asyad’s footprint... More

Anglo American has agreed to sell two royalty assets to Taurus Funds Management for $195 million. The deal is comprised of an upfront payment of $150 million and up to $45 million in deferred cash payments that are dependent on conditions. The assets in question are an iron ore royalty owned by... More

KBC Bank is the latest lender to join a government scheme supporting UK exporters. The bank is now participating in the General Export Facility (GEF) scheme offered by UK Export Finance (UKEF).Last year UKEF helped businesses to access over £575 million in working capital loans through this... More

On 26 July, the UK joined a ground-breaking agreement which is designed to grow the economy by boosting global digital trade.  After five years of negotiations, the UK and 90 other countries have finalised the E-Commerce Joint Initiative at the World Trade Organization (WTO), which will make... More

Trafigura has announced that a new mineral terminal at Angola's Port of Lobito has received its first vessel. The MV Lindsaylou, a bulk cargo vessel loaded with 40,500 tonnes of sulphur in Qatar, docked on July 12. This marks the beginning of port operations for the Lobito Atlantic Railway.... More

OpenText announced that the Export Development Bank of Egypt (EBank Egypt) has utilised OpenText IT Operations Cloud solutions to increase efficiency and innovation.EBank Egypt is a key export hub to international markets for the agricultural, industrial and commercial sectors.SMAX, a smart IT... More

Thai Exim has issued its first locally denominated blue bond. Launched with Thai financial institutions, the bond carries a three-year tenor, an issue size of THB3 billion ($83.4 million) and a fixed coupon rate of 2.78% per annum. Issued under the sustainable finance framework worked out by the ADB... More

The Inter-American Development Bank (IDB) and the Export-Import Bank of Korea (Kexim) have signed an agreement to expand the co-financing of sovereign guaranteed investment loans. Kexim is to provide an additional $300 million in co-financing over the next three years for infrastructure in areas... More

Shell has taken a final investment decision (FID) to progress a 100MW electrolyser project – Refhyne 2 – in Germany at the Shell Energy and Chemicals Park Rheinland.Refhyne 2 is expected to produce up to 44,000 kg per day of renewable hydrogen to partially decarbonise site operations.... More

Siemens Energy has been awarded a contract by German utility EWE to supply a 280MW electrolysis system.The plant in the German city of Emden is expected to go into operation in 2027 and will provide up to 26,000 tons of green hydrogen annually for various industrial applications in the region.The... More