Joint presentation by Bruno Gremez and Samir Kasmi of CT&F and by Deutsche Bank of the challenges of raising capital to finance a greenfield gas-fired power plant project in Iraqi Kurdistan, developed by privately-owned group Qaiwan.
GTR 2017 Conference : joint presentation by Bruno Gremez and Samir Kasmi of C...Bruno Gremez
Case study presentation by Bruno Gremez and Samir Kasmi of CT&F and by Deutsche Bank on raising capital for a greenfield gas-fired power plant project in Iraqi Kurdistan developed by privately-owned group Qaiwan.
New base energy news issue 913 dated 23 august 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 23 August 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
Qatar: Next phase of $2bn power project soon
Iraq ships out third cargo of condensate, 20,000CM from Basrah Gas
Qatar:Nakilat upgrades satellite coms for LNG, LPG carriers
Saudi Arabia to discuss energy cooperation with China, Japan
China Turns to Free Markets to Tame Fossil-Fuel Pollution
Pakistan Ending Blackouts Key to Unlocking $5 Billion Inflow
Future U.S. tight oil and shale gas production depends on resources, technology, markets
Oil prices fall as analysts say market still oversupplied
The oil market is stuck in a 'Groundhog Day’ trap
Qatar to benefit from oil spike in short-term
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
GTR 2017 Conference : joint presentation by Bruno Gremez and Samir Kasmi of C...Bruno Gremez
Case study presentation by Bruno Gremez and Samir Kasmi of CT&F and by Deutsche Bank on raising capital for a greenfield gas-fired power plant project in Iraqi Kurdistan developed by privately-owned group Qaiwan.
New base energy news issue 913 dated 23 august 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 23 August 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
Qatar: Next phase of $2bn power project soon
Iraq ships out third cargo of condensate, 20,000CM from Basrah Gas
Qatar:Nakilat upgrades satellite coms for LNG, LPG carriers
Saudi Arabia to discuss energy cooperation with China, Japan
China Turns to Free Markets to Tame Fossil-Fuel Pollution
Pakistan Ending Blackouts Key to Unlocking $5 Billion Inflow
Future U.S. tight oil and shale gas production depends on resources, technology, markets
Oil prices fall as analysts say market still oversupplied
The oil market is stuck in a 'Groundhog Day’ trap
Qatar to benefit from oil spike in short-term
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base 31 august 2021 energy news issue 1453 by khaled al awad iKhaled Al Awadi
NewBase 31 August 2021 Energy News issue - 1453 by Khaled Al Awad i
NewBase 31 August 2021 Energy News issue - 1453 by Khaled Al Awad iv
NewBase 31 August 2021 Energy News issue - 1453 by Khaled Al Awad i
New base energy news issue 936 dated 16 october 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 16 October 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Saudi Aramco awards long-term agreement to NPCC of UAE
• Saudi ACWA Power aims to build 340 MW wind plant in Turkey
• Oman to move ahead with large-scale solar in 2017
• Iraq: DNO completes 3 oil wells in Iraq’s Tawke field
• Mozambique: CGG awarded multi-client projects offshore
• Kenya Tullow Seeks Truckers for Early Shipments of First Oil
• India wants gas to power economic growth
• Kazakhstan: Oil From 50 B$ Kashagan Field Starts Exporting
• US Energy-related CO2 emissions for first six months of 2016 are lowest since 1991
• Oil Prices settles with brent at $51.95 and WTI at $50.35,
• Oil Rebound’s Dirty Little Secret Threatens U.S. Gas Bulls
• Global demand for electricity to double by 2060
• Nearly 200 nations agree binding deal to cut greenhouse gases
• IEA to Lift Solar, Wind Outlook After Decade of Underestimates
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base 11 septempber 2021 energy news issue 1455 by khaled al awadiKhaled Al Awadi
NewBase 11 Septempber 2021 Energy News issue - 1455 by Khaled Al Awadi
NewBase 11 Septempber 2021 Energy News issue - 1455 by Khaled Al Awadi
NewBase 11 Septempber 2021 Energy News issue - 1455 by Khaled Al Awadi
NewBase 11 Septempber 2021 Energy News issue - 1455 by Khaled Al Awadi
FSRU (Floating Storage and Regasification Unit) LNG Terminal is the disruptive technology becoming the most popular solution for countries needing natural gas for their power, fertiliser and transport sectors. This presentation is to understand the Risk Management, Financing, and insurance issues connected with this industry
Microsoft word new base 670 special 23 august 2015Khaled Al Awadi
Attached FYI ( NewBase Special 23 August 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
· U.K. to test roads that charge electric cars as they drive
· ENOC : to acquire remaining Dragon Oil shares
· Oman: New Sohar, Barka IWPs to be awarded in Q4
· VITOL BUYS OUT OIL TANK PARTNER
· Major fossil fuel-producing states rely heavily on severance taxes
· Oil prices slump despite China’s aggressive buying
· OPEC concern widens about oil drop, but cuts still ruled out
· Falling oil prices test Opec’s mettle
· Saudi gets the 1998 feeling as oil fall threatens wealth
· US oil imports rise as contango encourages storage
· China devaluation may affect global economy: QNB
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
Greetings,
Attached FYI ( NewBase Special 30 April 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Kuwait's KNPC eyes $10bn for key refineries revamp
• Iraq:Technip wins PMC for Basra refinery upgrade contract
• India eases rules on testing gas finds to unlock $15.8bn reserves
• Angola Seeks Investors for $23 Billion of Water &Power Projects
• Angola: Eni starts production of Cinguvu offshore field at West Hub
• UK: BP starts seven year West of Shetland drilling programme
• Netherlands: Dutch parliament reverses burden of proof in gas
• US: Projections show becoming a net exporter of natural gas
• Brent crude prices slip away from 5-month highs as Japan's industry stutters
• Total Sees Deal Targets Still Too Expensive After Crude Crash
• Russia: Gazprom net income plunges 86% oil price drop, rouble
• Gulf economies’ growth outlook dampened as oil stays low
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Microsoft word new base 664 special 13 august 2015Khaled Al Awadi
Attached FYI ( NewBase Special 13 August 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
· GCC railway complete and operational by ’18
· Egypt to seek bids for solar and wind-power projects
· UK: Britain changes rules to fast-track shale gas permits
· Norway: Lundin receives consent to drill exploration well 7220/6-2 in Barents Sea
· Japan restarts first nuclear reactor under new safety rules
· Exxon's $40 Billion Oil Discovery in offshore Guyana Sparks a Nasty Feud
· Oil prices steady after US stock draw & China outlook drags
· BP plc and Royal Dutch Shell Plc Will Have To Survive Without $100 Oil
· IEA sees oil glut persisting despite soaring demand
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy
Iraq\'s power crisis, and the need to re-engage the private sector (smartly) to address the problem. Oped piece published in Middle East Economic Survey February 2012.
New base 31 august 2021 energy news issue 1453 by khaled al awad iKhaled Al Awadi
NewBase 31 August 2021 Energy News issue - 1453 by Khaled Al Awad i
NewBase 31 August 2021 Energy News issue - 1453 by Khaled Al Awad iv
NewBase 31 August 2021 Energy News issue - 1453 by Khaled Al Awad i
New base energy news issue 936 dated 16 october 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 16 October 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Saudi Aramco awards long-term agreement to NPCC of UAE
• Saudi ACWA Power aims to build 340 MW wind plant in Turkey
• Oman to move ahead with large-scale solar in 2017
• Iraq: DNO completes 3 oil wells in Iraq’s Tawke field
• Mozambique: CGG awarded multi-client projects offshore
• Kenya Tullow Seeks Truckers for Early Shipments of First Oil
• India wants gas to power economic growth
• Kazakhstan: Oil From 50 B$ Kashagan Field Starts Exporting
• US Energy-related CO2 emissions for first six months of 2016 are lowest since 1991
• Oil Prices settles with brent at $51.95 and WTI at $50.35,
• Oil Rebound’s Dirty Little Secret Threatens U.S. Gas Bulls
• Global demand for electricity to double by 2060
• Nearly 200 nations agree binding deal to cut greenhouse gases
• IEA to Lift Solar, Wind Outlook After Decade of Underestimates
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base 11 septempber 2021 energy news issue 1455 by khaled al awadiKhaled Al Awadi
NewBase 11 Septempber 2021 Energy News issue - 1455 by Khaled Al Awadi
NewBase 11 Septempber 2021 Energy News issue - 1455 by Khaled Al Awadi
NewBase 11 Septempber 2021 Energy News issue - 1455 by Khaled Al Awadi
NewBase 11 Septempber 2021 Energy News issue - 1455 by Khaled Al Awadi
FSRU (Floating Storage and Regasification Unit) LNG Terminal is the disruptive technology becoming the most popular solution for countries needing natural gas for their power, fertiliser and transport sectors. This presentation is to understand the Risk Management, Financing, and insurance issues connected with this industry
Microsoft word new base 670 special 23 august 2015Khaled Al Awadi
Attached FYI ( NewBase Special 23 August 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
· U.K. to test roads that charge electric cars as they drive
· ENOC : to acquire remaining Dragon Oil shares
· Oman: New Sohar, Barka IWPs to be awarded in Q4
· VITOL BUYS OUT OIL TANK PARTNER
· Major fossil fuel-producing states rely heavily on severance taxes
· Oil prices slump despite China’s aggressive buying
· OPEC concern widens about oil drop, but cuts still ruled out
· Falling oil prices test Opec’s mettle
· Saudi gets the 1998 feeling as oil fall threatens wealth
· US oil imports rise as contango encourages storage
· China devaluation may affect global economy: QNB
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
Greetings,
Attached FYI ( NewBase Special 30 April 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Kuwait's KNPC eyes $10bn for key refineries revamp
• Iraq:Technip wins PMC for Basra refinery upgrade contract
• India eases rules on testing gas finds to unlock $15.8bn reserves
• Angola Seeks Investors for $23 Billion of Water &Power Projects
• Angola: Eni starts production of Cinguvu offshore field at West Hub
• UK: BP starts seven year West of Shetland drilling programme
• Netherlands: Dutch parliament reverses burden of proof in gas
• US: Projections show becoming a net exporter of natural gas
• Brent crude prices slip away from 5-month highs as Japan's industry stutters
• Total Sees Deal Targets Still Too Expensive After Crude Crash
• Russia: Gazprom net income plunges 86% oil price drop, rouble
• Gulf economies’ growth outlook dampened as oil stays low
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Microsoft word new base 664 special 13 august 2015Khaled Al Awadi
Attached FYI ( NewBase Special 13 August 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
· GCC railway complete and operational by ’18
· Egypt to seek bids for solar and wind-power projects
· UK: Britain changes rules to fast-track shale gas permits
· Norway: Lundin receives consent to drill exploration well 7220/6-2 in Barents Sea
· Japan restarts first nuclear reactor under new safety rules
· Exxon's $40 Billion Oil Discovery in offshore Guyana Sparks a Nasty Feud
· Oil prices steady after US stock draw & China outlook drags
· BP plc and Royal Dutch Shell Plc Will Have To Survive Without $100 Oil
· IEA sees oil glut persisting despite soaring demand
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy
Iraq\'s power crisis, and the need to re-engage the private sector (smartly) to address the problem. Oped piece published in Middle East Economic Survey February 2012.
B4 - Quantum Power - Menengai 35MW Geothermal Project Nakuru County, KenyaIceland Geothermal
David Carroll, Quantum Power, Business Development Director
Iceland Geothermal Conference 2018 - Breaking the Barriers
24 - 27 April, 2018, Harpa, Reykjavík
This presentation was held during the 5th GIB Summit, May 27-28 2015.
The presentation and more information on the Global Infrastructure Basel Foundation are available on www.gib-foundation.org
NewBase August 05-2022 Energy News issue - 1535 by Khaled Al Awadi.pdfKhaled Al Awadi
NewBase August 05-2022 Energy News issue - 1535 by Khaled Al AwadiNewBase August 05-2022 Energy News issue - 1535 by Khaled Al AwadiNewBase August 05-2022 Energy News issue - 1535 by Khaled Al AwadiNewBase August 05-2022 Energy News issue - 1535 by Khaled Al AwadiNewBase August 05-2022 Energy News issue - 1535 by Khaled Al AwadiNewBase August 05-2022 Energy News issue - 1535 by Khaled Al AwadiNewBase August 05-2022 Energy News issue - 1535 by Khaled Al AwadiNewBase August 05-2022 Energy News issue - 1535 by Khaled Al AwadiNewBase August 05-2022 Energy News issue - 1535 by Khaled Al AwadiNewBase August 05-2022 Energy News issue - 1535 by Khaled Al Awadi
NewBase August 24-2022 Energy News issue - 1541 by Khaled Al Awadi (AutoRec...Khaled Al Awadi
NewBase August 24-2022 Energy News issue - 1541 by Khaled Al Awadi (AutoRecovered)NewBase August 24-2022 Energy News issue - 1541 by Khaled Al Awadi (AutoRecovered)NewBase August 24-2022 Energy News issue - 1541 by Khaled Al Awadi (AutoRecovered)NewBase August 24-2022 Energy News issue - 1541 by Khaled Al Awadi (AutoRecovered)NewBase August 24-2022 Energy News issue - 1541 by Khaled Al Awadi (AutoRecovered)NewBase August 24-2022 Energy News issue - 1541 by Khaled Al Awadi (AutoRecovered)NewBase August 24-2022 Energy News issue - 1541 by Khaled Al Awadi (AutoRecovered)
Similar to TXF 2016 Conference: joint presentation by Bruno Gremez and Samir Kasmi of CT&F and by Deutsche Bank. (20)
Interesting slides on social & macroeconomicsBruno Gremez
Compilation of Slides from Thomas Picketty, French Economist whose work focuses on wealth and income inequality. He argues a.o. that rates of return on capital in developed countries are persistently greater than economic growth rates, which results in increasing inequalities.
A must read! Detailed and insightful study about the financial health of Americans. Behind headline figures of soaring stock markets, increasing GDP and historically low unemployment, the study outlines that significant portions of Americans, faced with stagnant income and rising costs, have spendings exceeding their incomes, are unable to pay (all) their bills on time, cannot save for the short and long-term, and have unmanageable debt and/or inadequate credit scores keeping or pushing them out of the financial market.
Feasibility Study on Employer-Sponsored Small Dollar LoansBruno Gremez
Insightful report on the benefits for hard-working people of employer-sponsored small dollar loans. Those small dollar loans are repaid through salary deduction and enable those workers to (1) avoid often predatory lending alternatives, (2) (re)build their credit scores and track records, and (2) ave and build up rainy day funds.
Very interesting study on US financial wellness examining the current situation (47% of the US population cannot meet unexpected expenses as low as USD 400!), the causes of the problem (time lag between when Americans earn their income and when they cash it in), and tentative solutions (includes earned wage access solutions & savings to build up rainy day funds).
Fincluziv Startupbootcamp Fintech Demo Day PitchBruno Gremez
Supporting slides for our Startupbootcamp Demo Day Picth made on April 30, 2019 in front of several hundreds of bankers, investors, fintech entrepreneurs, regulators, etc.
McKinsey analysis and key lessons for US regional banksBruno Gremez
Interesting analysis and recommendations by McKinsey to US regional banks (Credit Unions & Community Banks) to embrace digital transformation and successfully compete with large US banking institutions. Size is not the only factor that matters.
Saudi Arabia economic transition beyond oilBruno Gremez
Very interesting report prepared by Mc Kinsey in December 2015, which resonates today as we have heard about many key initiatives taken by Crown Prices Mohammad bin Salman.
The state of the financial services industry 2017.Bruno Gremez
This presentation shows how banking and insurance players may have to re-invent themselves by rethinking their places and roles in the finance value chain going forward.
A very interesting report explaining how a collaborative model is taking place between traditional banks and FinTechs, whose strengths and weaknesses are very much complementary to each other.
Bankmed DIFC 2016 Conference Presentation by Bruno Gremez and Samir Kasmi of ...Bruno Gremez
Joined presentation by Bruno Gremez of CT&F and Bankmed at DIFC about impacts of oil developments on the region and the opportunities it offers Dubai as a trading hub.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
TXF 2016 Conference: joint presentation by Bruno Gremez and Samir Kasmi of CT&F and by Deutsche Bank.
1. How to attract ECA and project financing to
frontier MENA markets: Qaiwan Case Study
2. Preliminary Questions to the Audience
§ Question 1 : How many senior unsecured term loans have officially been closed on Iraqi Kurdistan?
R1 : 0 R2 : 1 R3 : 3
§ Question 2 : How many ECAs were officially opened on Iraqi Kurdistan in 2014 (before ISIS invasion
of Iraq)?
R1 : 0 R2 : 3 R3 : 7
§ Question 3 : How many multilateral financial institutions have closed transactions in Iraq from last 2
years?
R1 : 0 R2: 2 R3 : 5
3. • The Qaiwan Group was established in the
1990’s as a privately owned company in
Sulaymaniyah, Kurdistan Region of Iraq.
The Group’s first line of business was in
the general trading activities.
• Over the past 20 years the group has
witnessed remarkable growth to expand
into other sectors: Oil & Gas, Power and
Energy, Real Estate, Hospitality, Electronics
and Transportation.
History of the Group
Qaiwan Group Holding (QGH)
Retail Real Estate
Sector
Power
Genera:on
Transporta:on
Sector
Downstream
Oil & Gas
Group Establishment
Open Branch
in Dubai
2004 2007
2008
2008
2013
Bazian
Refinery Phase 2
commissioned
SKY Hotel
& Slemani Mall
Qaiwan City
Phase 1
Complete
2005
First Real Estate
Project
Commenced
Qaiwan City
Commenced
Oil Trading
Company
Commenced
Bazian Refinery
Agreement & Phase 1
commissioning
Qaiwan Global
Energy DMCC
Incorporated
Partnership
with Hitachi
Start
Rotana Hotel
Bazian
Refinery
Phase 2
complete
Establishment
of Oil Trading
entity
Sign PPA for 750
MW Combined
Cycle Power
Plant
2003
2009
2011 2016
20031993 2012
2013
Bazian
Power Plant
Simple Cycle
Commissioned
2012
2014
4. Business Model
POWER
With the Bezhan Power Plant,
as many as 750,000 homes will
enjoy uninterrupted, secure
power supply
OIL
Qaiwan is involved across all
stages of the petroleum
value chain and life cycle
HOSPITALITY
Working with leading international
brands such as Rotana, Qaiwan is
adding five-star luxury and
hospitality to Sulaymaniyah’s
skyline and social scene
EDUCATION
Qaiwan is committed to
developing the human capital
by bringing world-class
education to Iraq
CONSTRUCTION
Qaiwan’s multi-million dollar
residential projects are fulfilling
the dreams of many of owning a
home.
REAL ESTATE
Further to closing an acute gap of
housing and commercial spaces by
building infrastructure, Qaiwan is
involved in their sale, leasing and
property management as well.
RETAIL
Qaiwan is set to redefine luxury
by ushering a world of
international names to the local
retail space
HEALTHCARE
Through state-of-the-art medical
facilities and well-established
pharmaceutical chain, Qaiwan is
providing first-rate medical care
5. Bezhan Combined Cycle Power Plant
§ Historical growth of 15% annual growth in power
demand in Kurdistan.
§ Net distribution losses of 35% resulting in installed
capacity being insufficient.
§ KRG target to achieve installed capacity of 8,000MW
in 2016.
§ KRG desire to move toward gas as a more efficient
feedstock.
§ Iraq also had supply shortfall of 7,000 MW, offering
additional offtake opportunity.
§ Qaiwan had already demonstrated it’s ability to
perform on large scale projects.
6. Bezhan Power Plant Key Highlights
§ 750MW Combined Cycle Plant, comprising 500 MW of Simple Cycle Gas Turbines commissioned in Q4
2016 and 250 MW Steam Turbine currently under development.
§ The off take for the produced power will be the Kurdistan Regional Government (KRG), Ministry of
Electricity (MoE).
§ Qaiwan has developed, designed, constructed and will operate the Plant for the duration of the PPA and is
responsible for inclusion of up to 20km gas pipeline, overhead lines and interconnections.
§ The plant will primarily utilize Gas fuel and Light Fuel Oil (diesel) as a back up fuel.
§ PPA with MoE is for 15 years from Commercial Operation Date of Steam Turbine, ensuring 16 years of
revenue since Gas Turbines will be commissioned 1 year earlier.
§ Debt finance of $105 million disbursed in February 2016, comprising $75 million COFACE supported ECA
loan with Deutsche Bank and Bankmed as MLA’s. GE also arranged a $30 million commercial loan which
was disbursed in Q4 2015.
7. Case study: raising LT financing in Iraq:
complexities (1)
§ In 2013, Qaiwan worked on the development of a 750 MW combined cycle gas-fired power plant in the
Kurdistan Region of Iraq;
§ It resulted in a long-term Power Purchase Agreement (PPA) signed with the Kurdistan Regional
Government in November 2013;
§ In the second quarter of 2014, CT&F was officially mandated by Qaiwan to structure and raise long-term
financing for the project;
§ Raising financing supposed to cope with a number of complexities related to Iraq, the Kurdistan Region of
Iraq and the project;
8. Case study: raising LT financing in Iraq:
complexities (2)
ü Scarcity of financing: CT&F and Qaiwan quickly concluded that local bank financing in Iraq was not
available, that Gulf-based or international banks had a very limited risk appetite for any project in Iraq,
and that one of the most attractive sources of funding would consist of leveraging the supply
contracts with turbine manufacturers to obtain support from their respective Export Credit Agencies
(ECAs) in France, Italy or Switzerland to structure long-term financing for the gas turbines;
ü Very restrictive official policies from ECAs towards countries like Iraq: Official credit policies of
ECAs on Iraq (no official policy for Iraqi Kurdistan) consisted of only approving loans to local
corporates backed by a sovereign Iraqi guarantee or an acceptable state-owned Iraqi bank
guarantee; any such guarantee would be impossible to obtain for a group active in the Kurdistan
Region of Iraq for obvious political reasons;
ü Intense time pressure: the PPA was already signed and imposed on Qaiwan very strict deadlines in
terms of project completion; in order to meet these deadlines, Qaiwan had to make a final selection of
the EPC contractor and of the gas turbine supplier in order to start construction; Qaiwan was in
discussion with two potential EPC contractors from Turkey and with three turbine suppliers: Ansaldo
(Italy), General Electric (France) and Alstom (Switzerland);
9. Case study: raising LT financing in Iraq:
innovative approach (1)
§ After a detailed analysis of Qaiwan’s financial performance over the 3 previous years, CT&F concluded
that Qaiwan, thanks to its sound balance sheet structure and profitable business, could be eligible for
senior unsecured financing (i.e. balance sheet lending, without collateral and / or external guarantee);
§ CT&F and Qaiwan, based on such conclusion, decided to approach and visit each relevant ECA (SACE in
Italy, SERV in Switzerland, COFACE in France) with a detailed presentation of the sponsor Qaiwan, the
power plant project, to request for the proposed financing structure;
§ Over a number of weeks, CT&F and Qaiwan conducted extensive discussions with each ECA (and their
respective Ministries of Finance) in order to convince them, based on factual and financial arguments, that
Qaiwan should be eligible for senior unsecured financing;
§ Furthermore, due to the above-mentioned time constraints, CT&F insisted that each ECA would have to
approve the principle of a “refinancing”, i.e. instead of disbursing the loan by effecting payments to the
selected turbine supplier, ECAs would approve that Qaiwan would move ahead with the project before the
loan would be available, and that the loan, once in place, would be used to refinance payments already
made by Qaiwan to the selected turbine supplier, which is rather unusual for ECA financing;
10. Case study: raising LT financing in Iraq:
innovative approach (2)
§ Over the summer of 2014, CT&F managed to obtain letters of support from all three ECAs confirming their
acceptance of the senior unsecured approach and of the refinancing principle;
§ After obtaining such letters of support, Qaiwan was able to finalise negotiations and select the EPC
contractor and the gas turbine supplier;
§ During such negotiations, CT&F and Qaiwan also started discussions with the gas turbine supplier about
additional supplier financing on the same senior unsecured basis as accepted by the ECAs; these
discussions resulted in a term sheet signed with GE for a USD 30 million senior unsecured vendor loan,
that would fund Qaiwan’s project in addition to a COFACE-supported financing for the gas turbines;
§ On that basis, in August 2014 Qaiwan signed the EPC contract with ENKA, Turkey, and the gas turbine
supply contract with GE, France;
§ CT&F and Qaiwan, based on the letter of support of COFACE and the signed term sheet with GE, started
to approach in parallel a number of international banks with an invitation to arrange the COFACE-
supported loan and selected Deutsche Bank as lead arranger towards the end of 2014; they then worked
on the implementation of both financings and on the completion of all conditions required by all parties
involved, including environmental, social, credit and compliance requirements;
11. Case study:
challenges and risk mitigations identified
§ French Erbil consulate under the French Ministry of Foreign Affairs, US embassy in Bagdad and US
consulate in Erbil were all instrumental during the whole process with consistent and constructive
approaches towards the project, visiting Qaiwan’s management, supporting GE’s bid and helping by
renewing three times the Coface promise of cover on a challenging country like Iraq;
§ Large support and help from Multilateral Financial Institutions : IMF through the SBA agreed $5.5bn over
next 5 years to Iraq – $2.7bn loan supported by US congress – IFC etc…;
§ Statement from German foreign minister, Steinmeier on KRG : September 2014
“We in Europe and Germany cannot remain indifferent to these developments. The collapse of the Kurdish
lines of defence, or even the collapse of the Iraqi state, a military conflagration throughout the Middle East:
all this may happen if the international community does nothing to prevent precisely that”;
§ Know Your Customer process during the enhanced due diligence: location of the refinery near Iran border,
bidding procurement process according to KRG and Iraq law etc…;
12. Case study:
Environmental and Social Impact Assessment
§ Full environmental assessment study from the initial report to gap analysis by appointing an independent
consultant (2U1K);
§ Project seen as a benchmark / pioneer that be replicated for other financings on frontier markets similar to
Iraqi Kurdistan;
§ Pragmatism and solution-oriented approach for issues identified, i.e. associated facilities for gas and water
pipes to be constructed according to international standards even if their ownership is in the hands of an
external party (KRG);
§ ESAP during construction and operation phases – close monitoring during the lifetime of the credit facility;
13. Case study: raising LT financing in Iraq:
additional complexities
§ In the course of 2015, meeting the requirements of lenders became increasingly complicated by the very
challenging environment prevailing at the time:
ü The invasion of a great part of Iraq territory by ISIS in summer 2014;
ü The start of the military action between the Kurdish army and ISIS that is still ongoing as of today;
ü An oil exports related dispute between the Kurdish Regional Government and the central government
in Baghdad that has been smoothened since;
ü A sharp fall in oil prices towards the end of 2014 that has put great pressure on the region’s financial
situation over the last 2 years;
§ After several credit reviews and numerous Q&A sessions with lenders caused by the difficult security,
political and economic situation of the Kurdistan Region of Iraq, CT&F and Qaiwan managed at the
beginning of 2016 to close and disburse the following long-term financing for a combined amount of USD
105 million:
ü A USD 75 million buyer credit supported by COFACE and arranged by Deutsche Bank, with Bankmed
as co-arranger, on a senior unsecured basis for a tenor of 8 years after delivery of the gas turbines;
ü A USD 30 million vendor loan granted by GE on a senior unsecured basis for a tenor of 5 years after
delivery of the gas turbines;
14. Case study: raising LT financing in Iraq:
conclusions
§ This financing was a truly landmark deal in the Kurdistan Region of Iraq for the following reasons:
ü It is the first COFACE-supported loan in Iraqi Kurdistan;
ü It is the first GE vendor financing in Iraqi Kurdistan;
ü It is the first corporate debt for Qaiwan;
ü It is the first senior unsecured loan obtained by a local corporate in Iraqi Kurdistan;
ü The financing package enabled Qaiwan to start the construction of the power plant before obtaining
the financing, and refinanced Qaiwan while the power plant was reaching completion at the beginning
of 2016;
§ The financing was closed in a very challenging environment and demonstrates that factual and financial
arguments combined with persistence can lead to very attractive results for corporates that:
ü Can show strong and consistent financial performance;
ü Have solid industrial projects;
ü Invest some time and resources in order to develop projects according to international standards in
order to meet requirements of international financial markets.