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Category: FINANCE

Posted on December 29, 2020

OFAC fines Saudi bank for Sudan/Syria sanctions violations

The Office of Foreign Assets Control announced a $650,000 settlement with a Saudi Arabian bank for apparent violations of sanctions against Sudan and Syria related to transactions that took place via …

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Posted on December 29, 2020

UPDATE 3-Iran to resume gas flows to Iraq after agreement on unpaid bills -Iraq ministry

Iran will resume normal gas flows to Iraq on Wednesday after reaching an agreement with Iraq on Tuesday over unpaid bills, a spokesman for Iraq’s electricity ministry said.

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Posted on December 29, 2020

EBRD to co-finance investment projects with Turkey’s Garanti BBVA

The EBRD continues to expand access to finance for Turkish businesses amid the coronavirus pandemic with a new agreement with Garanti BBVA. The EBRD is providing a risk-sharing facility, which – …

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Posted on December 29, 2020

General Electric’s (GE) Unit to Supply Wind Turbine in Vietnam

General Electric Company’s GE unit, GE Renewable Energy, yesterday announced to have received a contract to supply onshore wind turbines in Vietnam. Financial terms of the contract were not disclosed.

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Posted on December 29, 2020

ADB inks deal with Bangladesh for rural power supply improvement

The Asian Development Bank (ADB) and Bangladesh today signed agreements for $200 million additional loans, including $130 million concessional loan, to improve access to efficient and reliable …

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Posted on December 29, 2020

ADB approves 200 mln USD to improve access to electricity in rural Bangladesh

The additional loans will scale up the ongoing 616 million U.S. dollars Bangladesh Power System Enhancement and Efficiency Improvement Project, which ADB approved in 2017. Fatima Yasmin, Bangladesh’s …

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Posted on December 29, 2020

Orsted Enters $2.7 Billion Deal to Sell Stake in Taiwan

Orsted A/S, the world’s biggest developer of offshore wind parks, has agreed to sell a stake in a farm off the coast of Taiwan in a deal worth about NT$75 billion ($2.7 billion).

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Posted on December 29, 2020

Orsted Enters $2.7 Billion Deal to Sell Stake in Taiwan

Orsted A/S, the world’s biggest developer of offshore wind parks, has agreed to sell a stake in a farm off the coast of Taiwan in a deal worth about NT$75 billion ($2.7 billion).

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Posted on December 29, 2020

India-Bhutan friendship to touch skies, literally! ISRO to help Bhutan launch its first satellite in 2021

The SAS is expected to have a positive impact on the socio-economic development of Bhutan in areas including communication and disaster management.

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Posted on December 29, 2020

India-Bhutan friendship to touch skies, literally! ISRO to help Bhutan launch its first satellite in 2021

The SAS is expected to have a positive impact on the socio-economic development of Bhutan in areas including communication and disaster management.

( read original story …)



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