INSEAD Day 4 - 728x90

Economy

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Ukraine to receive $1.5bn in aid from World Bank

The World Bank said ESG, volatility and risk and inflation were the main challenges facing central banks in 2022. (AFP)
By TRENDS Desk AFP
June 8, 2022 11:44 am
  • The new financing from World Bank to Ukraine will be used to pay wages for government and social workers
  • According to Zelensky, Ukraine's government needs a total of $7 billion aid in a month to continue to function
The World Bank on Tuesday approves an additional $1.5 billion in aid for Ukraine, bringing the total planned support package to more than $4 billion.
The Russian invasion of Ukraine in late February has created a humanitarian crisis and devastated the country’s economy, destroying infrastructure and blocking key grain exports, as well as draining the government’s ability to pay its bills.
The new financing will be used to pay wages for government and social workers, the development lender said in a statement, noting that with the new funds nearly $2 billion has been disbursed so far. The World Bank “is providing continuing support for Ukraine and its people in the face of the ongoing war,” bank President David Malpass said in a statement. “We are working with donor countries to mobilize financial support and leveraging the flexibility of our various financing instruments to help provide Ukrainians with access to health services, education and social protection.”However, Ukraine President Volodymyr Zelensky has said his government needs a total of $7 billion a month in aid to continue to function.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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