Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, announced the launch of the first Global Family Business and Private Wealth Centre (Centre) in the region and worldwide.
Finance
Tradewind Finance Funds Pakistani Workwear Manufacturer for Frontline Professionals
Tradewind Finance has closed USD 500,000 in funding for a manufacturer of workwear and linens based in Lahore, Pakistan. The company exports to Europe, the UK, and the United States.
WebEngage raises $20 million in Series B; eyes IPO in three years
WebEngage, a full-stack retention operating system and one of the most resilient B2B SaaS startups, today announced that it raised $20 million in Series B led by Singularity Growth Opportunities Fund and SWC Global, with participation from existing investors India Quotient, Blume Ventures, and IAN Fund.
Standard Chartered Bank reports record H1 Operating Profit in the Africa and Middle East region
Standard Chartered PLC (the Group) today released its financial results for the first half of the year ending 30 June 2022.
UBS Investor Sentiment: Investor optimism drops on inflation and geopolitical concerns
Optimism among high-net-worth investors dipped to early-pandemic levels on continuing concerns about the economic and market impact of inflation and the war in Ukraine, according to the latest quarterly Investor Sentiment survey from UBS, the world's leading global wealth manager. The survey of over 2,800 investors and 1,100 business owners across 14 markets found that investors are focused on their retirement savings, with some holding off on making big purchases. In the UAE, views of 200 investors and business owners were included.
Nestlé reports half-year results for 2022
- Organic growth reached 8.1%, with real internal growth (RIG) of 1.7% and pricing of 6.5%. Growth was broad-based across most geographies and categories, with increased pricing and resilient RIG.
UPS RELEASES 2Q 2022 EARNINGS
UPS (NYSE:UPS) today announced second-quarter 2022 consolidated revenues of $24.8 billion, a 5.7% increase over the second quarter of 2021. Consolidated operating profit was $3.5 billion, up 8.5% compared to the second quarter of 2021, and up 9.3% on an adjusted basis. Diluted earnings per share was $3.25 for the quarter; adjusted diluted earnings per share of $3.29 was 7.5% above the same period in 2021.