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Michael Fahy

Michael Fahy


Articles

Visitors look at stock price information displayed on a digital screen inside the Saudi Stock Exchange. Bloomberg
Saudi Arabia's Tadawul to allow foreign firms to list on biggest Arab exchange

New rule changes will permit companies to list directly on the junior Nomu market without an IPO

MarketsOctober 07, 2019
Gross rental yields for Abu Dhabi apartments currently stand at 7.7% for apartments and 6.6% for villas. Mona Al Marzooqi / The National
Venture funding for Middle East start-ups up 30% in first 9 months

Funding for budding businesses increased to $517m, according to investment data platform Magnitt

TechnologyOctober 06, 2019
CCC secured $500m worth of contracts in the first quarter of 2020 and expects to land another $500m by June, said Samer Khoury, the group's president of engineering and construction. The National
Contractor CCC sending up to 2,500 core staff on open leave

Exclusive: Company says forced leave a result of delays to new contract awards, but remains committed to bringing them back to work next year

PropertyOctober 01, 2019
Gulf Marine Services has a fleet of 13 vessels operating in the offshore oil and gas and renewable energy markets in the Gulf and North West Europe. Mona Al Marzooqi / The National
Abu Dhabi's Gulf Marine Services confident on turnaround prospects

Company secures support of lenders despite a four-fold increase in first half losses

EnergySeptember 30, 2019
The upgraded diamond trading facility at Dubai Multi Commodities Centre's Almas Tower headquarters. Courtesy DMCC
World's biggest diamond trading floor opens in Dubai's DMCC

New floor at Dubai Diamond Exchange will have 41 secured tables capable of hosting 200 buyers

EconomySeptember 25, 2019
A view of towers along the Jumeirah Beach Residences coastline in Dubai. Chris Whiteoak / The National
Dubai issues new law covering jointly owned properties

Developers will be responsible for fixing faults in individual units for a year, and for building structures for a decade

PropertySeptember 25, 2019
The global market for public cloud services is set to grow to $331.2bn by 2022, according to IT consultancy Gartner. Courtesy: Equinix
Abu Dhabi's Mubadala to invest up to $500m in data centres firm Cologix

New funding will help the firm's growth plans in the US and Canada

TechnologySeptember 23, 2019
The UAE Central Bank has launched consultation for a new financial consumer protection regulatory framework. Victor Besa / The National
UAE central bank issues higher growth forecast

Stronger oil and non-oil growth push up GDP forecast to 2.4 per cent, up from 2 per cent in May

EconomySeptember 22, 2019
Laguna Waterpark at La Mer, Dubai. Retail units at the resort will form part of a new Dh5bn joint venture between Meraas Holding and Brookfield Asset Management. Antonie Robertson / The National.
Meraas and Brookfield form Dh5bn retail property joint venture

Retail assets it will own and operate include The Beach, City Walk and La Mer

PropertySeptember 22, 2019
Cranes in place at Dubai's Expo 2020 site in July 2019. The emirate has just set up a PPP unit to encourage foreign investment in infrastructure projects.
Dubai sets up new public-private partnership unit

Dubai Department of Finance's director-general expects tens of billions of dirhams of private sector investment in PPP schemes

PropertySeptember 19, 2019
View from the River Thames of the UK's Houses of Parliament. Despite Brexit uncertainty, the UK remains the main overseas market for individual Gulf investors, says Cityscape group director Chris Speller. Bloomberg
Middle East property investors still favour UK and US

Investors continue to target stable countries with competitive debt markets that can boost cash returns

PropertySeptember 19, 2019
Saudi Arabia's start-up ecosystem is among the fastest growing in Mena region. Bloomberg
Draft private sector law will drive investment in Saudi projects

Private Sector Participation law will regulate kingdom's privatisation and PPP programmes

PropertySeptember 17, 2019
Attendees at the launch of the new blockchain accelerator programme, which will be based within Area 2071 at Dubai's Emirates Towers
Blockchain accelerator programme launched at Dubai's Area 2071

Further frameworks will be developed to test other technologies including AI, machine learning and precision medicine

TechnologySeptember 15, 2019
Construction workers on a site off Sheikh Zayed Road in Dubai. The UAE Construction Think Tank has gathered together some of the biggest names in the industry. Victor Besa/ The National
New UAE construction think tank calls for fairer contract laws

Power is currently too heavily weighted in favour of clients, new white paper argues

PropertySeptember 14, 2019
The Hong Kong Stock Exchange has launched a £31.6 billion bid for the London Stock Exchange. Reuters.
Hong Kong stock exchange launches £31.6bn takeover bid for London Stock Exchange

Bid is a 23 per cent premium to LSE's closing price on Tuesday

MarketsSeptember 11, 2019
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