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Michael Fahy

Michael Fahy


Articles

The Financial Conduct Authority's headquarters in London. The FCA said the Binance Group, the operator of the world's biggest cryptocurrency exchange, is not authorised to offer financial services in the UK. Reuters
UK's financial regulator bans cryptocurrency exchange Binance

Financial Conduct Authority says company cannot carry out any regulated activities

MarketsJune 28, 2021
Abu Dhabi-listed Arkan Building Material Company has received an offer from Senaat to combine its assets with Emirates Steel. Reuters
IHC shares surge pushing Abu Dhabi stock market above Dh1tn

Company is the now the biggest on the index, with a market capitalisation of more than Dh200bn

MarketsJune 28, 2021
LinkedIn will offer more than 2,000 young female Emiratis training for workplace skills in areas such as communication and technology. Getty
UAE government partners with LinkedIn on skills programme for Emirati women

More than 2,000 young people will receive training to prepare them for a rapidly changing workplace

EconomyJune 27, 2021
Mubadala-owned Yahsat may raise as much as $811m from its debut listing on the Abu Dhabi Securities Exchange in July. Yahsat
Yahsat could raise up to $811m through IPO

Abu Dhabi-based satellite company set to list shares on July 14

MarketsJune 27, 2021
A sign outside the IMF’s office in Washington. The fund expects the global economy to grow by 6 per cent this year. AFP
IMF set to finalise plans for $650bn increase in reserves by August

The boost in allocation of special drawing rights will be the largest in the fund's history

EconomyJune 27, 2021
3iQ chairman Frederick Pye rings the opening bell at Nasdaq Dubai's headquarters to mark the dual listing of the Canadian digital asset manager's Bitcoin Fund on the exchange. Courtesy: Nasdaq Dubai
3IQ's Bitcoin Fund lists on Nasdaq Dubai

Bookbuilding process for fund's regional offer awaits approval from the Dubai Financial Services Authority

MarketsJune 23, 2021
Khalifa Port in Abu Dhabi. Kizad’s green ammonia project will be powered by a solar plant. Abu Dhabi Ports
Moody's assigns debut rating to Abu Dhabi's ADQ

State holding company has direct and indirect investments in 90 companies

EconomyJune 22, 2021
Abu Dhabi tops the global rankings for liveability in the Middle East, followed by Dubai. Courtesy: DCT Abu Dhabi
UAE was the world's 15th-biggest recipient of foreign investment last year

The Emirates secured more capital from global investors than the UK in 2020

EconomyJune 21, 2021
Abu Dhabi Global Market. Authorities in the UAE and the UK have finished a two-week programme focused on tackling financial crime. AFP
Abu Dhabi-based venture plans to fund $500m of mining projects in emerging markets

Alphastream Partners is a joint venture between the UK's Portman Partners and Abu Dhabi Catalyst Partners

BankingJune 21, 2021
Saudi Aramco-branded oil tanks at its facility in Abqaiq. The company attracted 100 new investors through its first US dollar-denominated sukuk, which raised $6bn. Reuters
Aramco raises $6bn through first US dollar sukuk sale

The offer was hugely oversubscribed, with orders exceeding $60bn

MarketsJune 17, 2021
The City of London's skyline viewed from Greenwich Park in south east London. Prime Central London property prices rose 0.3 per cent in the first quarter of 2021 - their first increase for five years, according to Knight Frank. AFP
Middle East buyers step up UK property purchases

The market for prime property in central London is showing signs of a revival after a five-year slump

PropertyJune 16, 2021
Shoppers at Mall of the Emirates last month. Alain Bejjani, chief executive of mall owner Majid Al Futtaim, said the mall's footfall is 'almost' at pre-pandemic levels. Antonie Robertson / The National
UAE's retail industry nearing pre-pandemic levels, Middle East's biggest mall operator says

Sales in March were 9% higher than last year and just 3% below 2019 levels, according to Majid Al Futtaim

BusinessJune 16, 2021
Sir Tim Berners-Lee describes NFTs as "the ideal way to package the origins behind the web. Image courtesy of Sotheby's
Father of the web to sell its source code as an NFT at Sotheby's

Token that includes original time-stamped files and a letter reflecting on its creation is being sold by Tim Berners-Lee at an auction this month​​​​​​​​​​​​​​

TechnologyJune 15, 2021
Aldhay, the fifth phase of Bloom Gardens, will contain 181 townhouses. Image courtesy of Bloom.
Bloom Holding begins work on fifth phase of its Bloom Gardens project in Abu Dhabi

Aldhay community near Khalifa Park is set to complete by third quarter of 2023, developer says

PropertyJune 13, 2021
A street vendor selling products in El Salvador. The country passed a law on Wednesday allowing Bitcoin to be used as legal tender. Other emerging market nations are developing their own central bank digital currencies. EPA
Central bank digital currencies a useful tool for emerging markets, but are not without risks

Countries with the least credible fiscal or monetary policies in the EM universe face the threat of 'digital dollarisation', BofA Securities says

BankingJune 13, 2021
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