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Michael Fahy

Michael Fahy


Articles

DP World's chairman and chief executive Sultan Ahmed Bin Sulayem (right) bumps elbows with Bank Leumi's chairman Dr Samer Haj Yahia after signing the agreement in Dubai. Courtesy of DP World
DP World and Israel's Bank Leumi sign collaboration pact to boost trade

The pair will work together to identify opportunities to develop ports and logistics assets

EconomySeptember 21, 2020
Walid Dib says he was 'nervous' about telling investors from whom he'd raised more than $1m that he was completely changing the company's business model, but they all saw the benefit. "It just clicked - it didn't not click with any of them". Antonie Robertson / The National
Generation Start-up: Addenda founders say 'hala' to new business model

Brothers who started a blockchain-based insurance concept see more value in building a broader digital insurance platform

TechnologySeptember 19, 2020
Dubai Diamond Exchange and the Israel Diamond Exchange signed an agreement on Thursday to develop closer working ties. Reuters
Dubai and Israel diamond exchanges sign collaboration pact

Agreement 'unlocks huge potential' for both parties, says DMCC chairman

EconomySeptember 17, 2020
Tel Aviv City Hall honours the signing of the Abraham Accord between the UAE and Israel. The states are strengthening ties in security co-operation, science and commerce. AP
Abu Dhabi Investment Office to open Israel outpost

Investment agency plans more offices in Europe, North America and Asia

EconomySeptember 16, 2020
The Dubai International Financial Centre. Earlier this week, the DIFC Courts signed an agreement with Dubai FDI to collaborate on exchanging information and research, as well as hosting joint conferences and exhibitions. Image courtesy of DIFC
Specialist strategies give Dubai an edge in attracting investment, FDI chief says

The emirate ranked sixth globally for FDI flows in the first half of the year, according to FDi Intelligence

EconomySeptember 15, 2020
A healthcare worker in protective gear takes a nasal swab from a Mumbai resident for a Covid-19 test. India's health ministry declared 92,071 new cases of the pandemic on Monday, bringing the total so far to more than 4.85 million. AFP
India's economy to shrink 9% this year as Covid-19 cases surge

Private sector activity is being held back as consumers stay at home, S&P Global says

EconomySeptember 14, 2020
A view of the rubble and debris around the blast site at Lebanon's port. Private sector respondents to the Blom Lebanon PMI survey reported temporary closures and disruptions to operations as a result of the August explosion. AP
Lebanon's economy continues to worsen following Beirut port blast

Businesses cite disruption caused by explosion as a factor in weakening demand

EconomySeptember 08, 2020
Bahrain-based asset manager Investcorp has $32.2bn of assets under management as of June 30. Courtesy Investcorp
Investcorp and China Resources take majority stake in Hong Kong food retailer

City Super Group's management will remain in place to oversee regional expansion of the business following the deal

BankingSeptember 08, 2020
Drake & Scull's headquarters at Dubai International Production Zone. The company gained approval frmo the UAE's Financial Reorganisation Committee in June to enter into a restructuring as it attempts to address Dh5bn of accumulated losses. Rich-Joseph Facun / The National
Drake & Scull appoints new CEO and CFO

Munir Mansour is the company's first chief executive since April 2019 when former head Tawfiq Abu Soud left after three months

PropertySeptember 03, 2020
Non-digital assets such as real estate and even companies can be tokenised. Mona Al Marzooqi / The National
Adnoc deal paves way for more global institutions to invest in UAE property, experts say

Investment by asset managers in the country is still below global levels, but this could change if GREs decide to monetise non-core assets

PropertySeptember 03, 2020
Leon Black's Apollo Global Management has $413bn of assets under management, $300bn of which is in its credit business. Image courtesy of Milken Institute
Apollo keen on doing more deals in UAE

The country is a ‘very stable, safe place to invest', says chairman Leon Black

EnergySeptember 02, 2020
Elon Musk is now the world's third-richest person, according to Bloomberg's Billionaires Index, after more-than six-fold increase in Tesla's valuation this year, added $87.8bn to his net worth. EPA
Elon Musk overtakes Mark Zuckerberg to become world's third-richest person

The net worth of Tesla's founder increased by $87.8bn so far this year on the back of his stake in the car maker

MarketsSeptember 01, 2020
Bharat Bhatia, chief executive of Conares, is planning to build a mill capable of manufacturing 100,000 metric tonnes of steel after gaining approval from Dubai FDI to operate a 100 per cent-owned business onshore. Image courtesy of Conares
Conares owner plans new steel mill after gaining licence for onshore business

The company has operated from the offshore Jebel Ali Free Zone since 1988

EconomyAugust 31, 2020
Abu Dhabi, United Arab Emirates, May 25, 2020. The NMC Pharmacy along the Zayed The First Street, Abu Dhabi. Victor Besa / The National Section: Standalone / Stock
NMC Health faces legal action from IVF clinics founders

Michael Fakih's Pine Investments is seeking the restitution of a 49% stake sold to the company for Dh753m two years ago

BusinessAugust 30, 2020
A rendering of the restored Diriyah project. The project will house 12 galleries, several restaurants and 30 new hotels. Courtesy of Diriyah Gate Development Authority
Hospitality companies remain keen on Saudi Arabia's $20bn Diriyah Gate project, chief executive says

Diriyah Gate Development Authority is 'in the final stages' of confirming agreements for 21 of the project's 30 hotels

PropertyAugust 29, 2020
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