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.

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.

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. 

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.

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