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Mashreq Bank funds $15.5bn in sustainable finance since Jan 2021

DUBAI / WAM Joel Van Dusen, Group Head of Corporate & Investment Banking at Mashreq, said that since January 2021, Mashreq has facilitated AED56.9 billion ($15.5 billion) of sustainable finance and adaptation-related investments. In a statement to Emirates News Agency (WAM), Dusen said that ESG is related to cash flow in five important ways. It minimises regulatory and legal intervention, ...

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Yalla group revenue hits record AED1.1b in 2022

ABU DHABI / WAM Yalla Group Limited has announced its unaudited financial results for the fourth quarter and full year ended on December 31, 2022. Yalla continued to focus on quality growth in 2022, with full year revenue hitting AED 1.1 billion, ($303.6 million), an increase of 11.2 percent compared to AED 1.0 billion in 2021. The group also recorded ...

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Imran Khan supporters clash with police out to arrest him

BLOOMBERG Supporters of Imran Khan clashed with Pakistani police outside his home as the security officials tried to arrest the former premier for the second time, prolonging a political crisis that’s overshadowing the country’s economic turmoil. Islamabad police spokesperson Taqi Jawad said that a police team reached Khan’s residence in the central city of Lahore late on Tuesday afternoon with ...

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