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Michael Fahy

Michael Fahy


Articles

A huge oilfield platform built at NPCC's campus at Musaffah in Abu Dhabi last year. Pawan Singh / The National
Shareholders of Abu Dhabi's NMDC vote in favour of NPCC merger

Deal will create 'regional leader in dredging and marine construction', stakeholder ADQ says

MarketsDecember 15, 2020
More than 240 million people worldwide suffer from osteoarthritis worldwide. Image courtesy of the Middle East Arthritis Foundation
Investcorp buys Danish medical research company Sanos Group

Asset manager will support company's push into new markets and treatment areas

MarketsDecember 14, 2020
Uri Levine has invested in more than 10 start-ups since selling traffic app Waze to Google for $1bn in 2013. Courtesy of Uri Levine
Israeli who sold company to Google for $1bn wants to help UAE boost entrepreneurship

Waze co-founder Uri Levine says bringing in mentors can help to accelerate the growth of the country's start-up ecosystem

TechnologyDecember 13, 2020
A passenger stands in an almost empty check-in area at Gatwick Airport. The decline in global services trade has been attributed by Unctad to the fall in global travel, transport and tourism activity. Reuters
Global services trade set for steepest fall in 30 years, Unctad says

Overall global merchandise trade is slated to fall 5.6 per cent this year

EconomyDecember 09, 2020
Abu Dhabi National Oil Company launched Adnoc Global Trading in partnership with Eni and OMV, which will trade refined products globally. Image courtesy of Adnoc
Adnoc Global Trading begins dealing in refined products

The company will operate alongside its crude trading business at Abu Dhabi Global Market

EnergyDecember 08, 2020
BR Shetty and his son Binay have appointed restructuring experts to BRS Ventures, which holds investments in pharmacy business NeoPharma, Royal Catering Services and tea business Assam Company India. Ryan Carter / The National
BR Shetty appoints restructuring firm to holding company BRS Ventures

Duff & Phelps assigned to deal with liabilities incurred by family group interests

EconomyDecember 08, 2020
Tabby offers buy now, pay later services to customers of retail groups like Ikea, Toys R Us and Landmark Group. Courtesy of Tabby
UAE's Tabby secures $23m in funding round led by Arbor Ventures and Mubadala Capital

The buy now, pay later service will use the money to finance its next stage of growth

TechnologyDecember 08, 2020
The World Economic Forum's annual event will take place in Singapore in May next year, shifting from its regular home of Davos-Klosters in Switzerland. Reuters
World Economic Forum's annual meeting shifts to Singapore next year

Annual gathering of public and private sector leaders will return to Swiss town of Davos in 2022

EconomyDecember 07, 2020
A big screen gives a presentation during the launch of Abu Dhabi defence group Edge last year. Pawan Singh / The National
Abu Dhabi's Edge among world's 25 biggest military suppliers

The company was created through the merger of more than 25 smaller companies last year

TechnologyDecember 07, 2020
Foodics founder Ahmad AlZaini (centre, stood) holds a meeting with staff at the company's offices in Riyadh. Tasneem Al Sultan for The National
Generation Start-up: Foodics helps restaurant owners who have a lot on their plate

App-based software provides a system to manage orders, inventory and other operational issues

TechnologyDecember 07, 2020
Red Sea Development Company’s masterplan covers a 28,000 square kilometre site containing 90 islands. Set to welcome its first visitors in 2022, the project is expected to be completed by 2030. Photo: Courtesy The Red Sea Development Company
'Large number' of hotel deals at Red Sea tourism project signed

The brands that will operate at the site will be revealed later this year, CEO says

Travel and TourismDecember 06, 2020
The Saudi Central Bank and the Arab Monetary Fund (AMF) announced the inclusion of the Saudi riyal as a settlement currency in Buna, a regional cross-border payment system owned by the AMF. Reuters.
PIF-backed Saudi Real Estate Refinance plans debut bond issue

The company aims to raise at least $500m early next year after it launches new 10bn riyal domestic market sukuk programme

EconomyDecember 02, 2020
A crane loads containers onto a ship at Mombasa port in Kenya. China has built infrastructure projects across Central Asia, the Middle East, Africa and Europe as part of the Belt and Road Initative. Bloomberg
Pandemic slows growth of China's Belt & Road Initiative

Some countries where investments were made in the past are facing increased credit stresses as a result of Covid-19

EconomyNovember 26, 2020
Richard Teng, chief executive of the ADGM Financial Services Regulatory Authority. Chris Whiteoak / The National
FinTech agreements with Israel to expand market access and funding, ADGM exec says

The fast-evolving market in the region means developing hubs is 'not a zero-sum game', Richard Teng says

TechnologyNovember 25, 2020
The UAE has diversified its economy and embraced technology as it charts the next 50 years of development. The number of technology start-ups based at Abu Dhabi Global Markets has grown by 80% this year. Alamy
Abu Dhabi Global Market rolls out new digital lab

The platform has been developed in collaboration with the Central Bank of the UAE and some of the emirate's biggest lenders

TechnologyNovember 25, 2020
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