Leading international trade finance company Tradewind Finance has announced the completion of its US$1 billion funding for 2022 - a development that’s widely expected to significantly bridge the cash gap for exporters across the globe.
The Emirates Development Bank (EDB), a key financial enabler of the UAE’s economic diversification and industrial transformation agenda, has restated its commitment to financial inclusion in the UAE with a range of financial solutions and services that enhance the bankability of the country’s SMEs and startups.
Maydan Capital Ltd. (‘Maydan’) today announced the successful closing of a seed round for Netherlands-based home-financing platform, Fairnance. With the mission to provide ethically-focused tech startups with visibility and access to investment, Fairnance’s fundraise marks the first completed deal for the UK equity investment platform.
High-net-worth investors remain deeply concerned about the impact of the war in Ukraine on the global economy and rising inflation, according to the new quarterly Investor Sentiment survey from UBS, the world's leading global wealth manager. The survey, which polled over 2,500 investors and 1,000 business owners across 14 markets globally, found that 92% of investors expect the war to increase inflation, with more than half believing inflation will last longer than 12 months.
Emirates Integrated Telecommunications Company PJSC (“EITC”) announced its financial results for the quarter-ended 31 March 2022. Revenues grew by 8.5% to AED 3.1 billion on sustained demand for broadband and mobile services. EBITDA grew by 13.3% to AED 1.3 billion on higher service revenues. Net profit jumped 21% to AED 311 million. Operating Free Cash Flow (EBITDA – Capex) grew 75% to AED 964 million thanks to higher EBITDA and Capex spend which is beginning to normalize.