Michael Fahy

Access Bridge Ventures is being backed by Mubadala Capital, Saudi Venture Capital Company and a number of family offices

The combined deficits of GCC countries is set to narrow to $84.3bn this year from $127bn in 2020

Deloitte partner Robert Miller, who joined the board in October 2019, will take over the reins next year

Saudi Aramco discovered new oil in fields near Dhahran, the northern city of Rafhaa and the Ghawar field

Economic recovery could be slower than forecast as second wave of virus leads to new lockdown measures being enforced

The company's liabilities outweigh its assets by about Dh3.7bn

Notes will be traded on secondary markets, which will help to set a pricing benchmark for dirham-denominated debt securities

Luarmia and Boston businesses sold to Europe's largest private hospitals operator Fresnius Helios

Cryptocurrencies are gaining in prominence but remain highly volatile

Deal for a private bank with client assets of $7.36bn is set to conclude in first half of 2021

Investment bank is reining in spending across other parts of its business, but expanding in Middle East

The world's most heavily-traded cryptocurrency remains volatile

A special tribunal will oversee the liquidation of unfinished and cancelled schemes, replacing a committee set up in 2013

Reopening of banking system and access to technology can help to spur growth

Benefits of further monetary stimulus are minimal, but costs and risks are increasing, economist argues