Infracorp, the social infrastructure group recently announced by GFH Financial Group, achieves a net profit of $6.2 million on a revenue of $17.4 million during the first three months of 2022. Making its first financial disclosure since launching earlier this year, Infracorp reported it currently has $3 billion of assets under management.
ING Turkey, part of ING Group which is a pioneer in the field of sustainability, fully renewed its Euro 300 million equivalent first ever sustainability-linked syndicated loan raised in 2021, with 100% roll-over ratio.
In the latest edition of Marketplace Middle East, CNN’s Eleni Giokos explores the future of finance in the region. From digital banking to the future workplace, Giokos sees how innovation and technology are changing the way business is done in the Middle East.
The real estate and properties transactions valued at AED 8.7 billion in total during the week ending 10 June 2022. The sum of transactions was 2,369.
Six companies listed in Iraq Stock Exchange (ISX) distributed healthy cash dividends, with Asiacell <TASC:IQ> leading the way with an 11.8% dividend yield. The company is the second-largest mobile operator in Iraq, with the greatest number of subscribers and the most extensive in terms of revenue market share.
Iraq Stock Exchange’s (ISX) trading volume in May dropped 30% compared to the previous month to US$46.7 million. The banking sector had the highest share in trading volume with 81.2%, followed by the telecoms sector with a 6.2% share.
Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank (EDB) has called on the local and regional banking community to increase access to corporate finance and accelerate the UAE’s economic recovery. Speaking on the opening day of Bonds, Loans & Sukuk Middle East 2022, which took place at Madinat Jumeirah, Dubai, between June 7-8, Al Naqbi highlighted the role of financial markets in driving growth and innovation, and explained how EDB’s tailored, flexible financing solutions, with a focus on developmental impact, is delivering tangible benefits to the national economy.
