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Zawya
21-05-2025
- Business
- Zawya
AfDB to back Egypt's upcoming sustainable Samurai Bonds issue with $400mln PCG
Arab Finance: The African Development Bank (AfDB) is planning to provide a partial credit guarantee (PCG) worth $400 million, or its equivalent in Japanese yen, to support Egypt's upcoming issuance of sustainable Samurai bonds, Abdourahmane Diaw, the bank's Country Manager for Egypt, told Al Arabiya Business. The guarantee proposal is expected to be presented to the AfDB Board of Directors in September 2025, Diaw highlighted. He also stated that the proposed guarantee would support the Egyptian government to issue sustainable Samurai bonds worth up to $500 million, which will be offered in the Japanese market. This move reflects the bank's ongoing commitment to support innovative green finance instruments, Diaw said. In May 2023, the AfDB approved a $330 million PCG for Egypt's debut sustainable Panda bonds, which were issued in China's financial markets. For 2025, the AfDB has allocated a total of $746 million in funding to Egypt, Diaw noted, adding that this sum covers both sovereign and non-sovereign operations, including support for four key strategic projects. According to Diaw, the AfDB's current portfolio in Egypt amounts to approximately $2.045 billion, spanning sovereign and non-sovereign projects. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (

National Post
15-05-2025
- Business
- National Post
Bloomstreet Enters into Strategic Partnership Agreement with Google Israel for Market Expansion in Japan
Article content Optimizing Global Websites for the Japanese Visitors: Detailed UX/UI Adaptation, Comprehensive Japanese Localization, Extensive Localization and Cultural Relevance to Fit the Local Audience. Article content Article content TOKYO — Bloomstreet Inc. (Headquarters: Chuo-ku, Tokyo; President & CEO: Junichi Takayama; hereinafter 'Bloomstreet'), a company that supports overseas enterprises entering the Japanese market, is pleased to announce a strategic partnership agreement with Google Israel Ltd. (Headquarters: Tel Aviv District; Country Manager: Barak Regev; hereinafter 'Google Israel'). This partnership aims to support Israeli companies that operate globally with Google Ads and are seeking to expand into the Japanese market. What made Bloomstreet stand out was their proven track record in adapting global UI/UX to the unique needs of the Japanese market, developed through projects with Western companies. Article content Background of the Partnership Article content Known as a 'Start-up Nation,' Israel is home to many unicorn companies and places greater emphasis on global markets than on domestic expansion. For Israeli companies that have already established a strong foundation in the large U.S. market, Japan is increasingly seen as a key market for further growth. Article content Google Israel is currently leading a project to support the global expansion of Israeli companies, particularly into major markets like Japan. This initiative includes optimizing UI/UX for Japanese users, localizing creative ads and video content, and validating user experiences through collaborations with expert partners in each field. Through this partnership, Bloomstreet will serve as a strategic partner, offering services such as website localization for Japanese users, creative ad production, and marketing consulting. Article content Reason Behind the Partnership Article content Seffi Tsarfati, Head of Strategic Partnerships at Google Israel, shared the following about the decision to select Bloomstreet: Article content 'Japan is a market where simply applying the same global strategies often fails to deliver results. What made Bloomstreet stand out was their proven track record in adapting global UI/UX to the unique needs of the Japanese market, developed through projects with Western companies, but also their experience in tech industry relevant to our clients, and their ability to communicate smoothly in English with on-the-ground teams. We've already completed a project with one Israeli client, who was impressed by the high quality of the design. The local team also praised Bloomstreet's deep expertise and professionalism.' Article content Comment from Bloomstreet Inc. President & CEO, Junichi Takayama: Article content 'We've received numerous inquiries over the years from international companies looking to enter the Japanese market. Since the latter half of 2024, however, we've seen a growing demand for deeper and more comprehensive localization efforts tailored to Japanese users. This partnership represents an exciting new opportunity to support end clients through Google Israel, as this is an area where we truly excel. We look forward to contributing to the development of a co-creative business ecosystem between Israeli companies and us.' Article content Founded in August 2014, Bloomstreet provides strategic marketing support to international enterprises entering the Japanese market. From planning strategies aligned with Japanese search behaviors to delivering website localization customized to local tastes, Bloomstreet offers end-to-end support to maximize lead generation. With a bilingual team working closely with overseas headquarters, Bloomstreet helps deepen market understanding and promote product and service adoption in Japan. Article content Article content Article content Article content Article content


Bloomberg
09-05-2025
- Business
- Bloomberg
NTT Announces 200 Billion Yen Buyback in Capital Strategy Shift
Nippon Telegraph and Telephone Corp. said it plans to buy back as much as ¥200 billion ($1.4 billion) of its own shares, joining a growing string of such measures bolstering the Japanese market. The buyback will take place from May 12 through March 31, 2026, the company said in a statement.