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Michael Fahy

Michael Fahy


Articles

A subsidiary of Dubai listed Shuaa Capital will be managing an investment portfolio of assets worth $400 million. Jaime Puebla/The National
Shuaa reports Dh31.6m loss in second quarter

Investment bank's profit dented by higher merger costs and impairments on legacy investments

BankingAugust 14, 2019
Gold pushed upward through several psychological levels this year, rising to $1,550 per ounce by September. Photo: Getty Images
Gold shines on six-year high as investors seek safe havens

Spot gold price climbs past $1,500 to reach its highest level since April 2013

MarketsAugust 13, 2019
A Jet airways plane taxis towards the runway at Abu Dhabi International Airport. Ravindranath K / The National
Etihad will not express interest to reinvest in Jet Airways

UAE flag carrier cites 'unresolved issues' relating to jet's liabilities as reason for ending interest

AviationAugust 12, 2019
The Dubai Airport Freezone Authority rolled out a set of economic incentive packages to help businesses in the free zone. AP
DXB airport retains top position even as traffic dips due to runway closure

Airport remains the world's busiest for international passengers

AviationAugust 11, 2019
Egypt's headline urban inflation rate dropped to 8.7 per cent in July 2019 - its lowest rate for four years. Bloomberg
Egypt's headline inflation rate drops to four-year low

Urban consumer price index drops to 8.7 per cent, from 9.4 per cent a month earlier

EconomyAugust 08, 2019
Dana Gas' Khor Mor and Chemchemal fields in Kurdistan Region of Iraq. Courtesy Dana Gas
Dana Gas reports first-half profit hike

Company records near six-fold earnings increase as certified increases in Pearl Petroleum reserves trigger higher earn-out entitlements

EnergyAugust 07, 2019
Nasser Butti Omair bin Yousef, chairman of Union Properties, speaking at the Cityscape Global conference in September 2017. Chris Whiteoak / The National
Union Properties declares second quarter loss of Dh84m

The value of the company's financial investments falls and costs continue to exceed sales

PropertyAugust 07, 2019
RAK Ceramics is to roll out new showrooms in Saudi Arabia after introducing them in its home market last year. Courtesy of RAK Ceramics
Retail a useful source of revenue for RAK Ceramics in 'tough' market

Company looks to roll out showrooms in Saudi Arabia after success in home market

MarketsAugust 07, 2019
Dubai, Jan 08, 2018: A trader monitors the screen at the Dubai Financial Market in Dubai. Satish Kumar for the National
Value of Mena stock market listings trebles in second quarter

Network International's $1.4 billion float helped push quarterly IPO values to $2.82bn

MarketsAugust 06, 2019
A labourer buys frozen chicken from a local supermarket in the Al Quoz Labour Camp area in Dubai. Satish Kumar / The National
Saudi Arabia's Almarai ups stake in poultry firm Pure Breed

Food company says deal will allow it to 'further strengthen the poultry industry' in the kingdom

MarketsAugust 06, 2019
The Innovia Monorail 300 by Bombardier is on display at a fair in Berlin. Canadian manufacturing group Bombardier signed a multi-billion dollar agreement to build two automated monorail lines in Egypt's congested capital Cairo. Afp
Orascom and Arab Contractors to build $4.5bn Cairo monorail lines

Canada’s Bombardier to manage project and provide the trains

BusinessAugust 06, 2019
Purchasing managers' index data for Lebanon for July shows the economy continued to shrink, but at its slowest rate in more than two years.
Lebanon’s economic decline shows signs of slowing

PMI data ticks up to highest level since April 2017

EconomyAugust 05, 2019
Shoppers on an escalator in the Al Ain Center Computer Plaza. Business activity in the UAE increased in July, with companies reporting a rise in new orders. Victor Besa/The National
UAE economy continues to expand, but prices soften

PMI data shows employment levels increased marginally for the fifth successive month

EconomyAugust 05, 2019
Shehab Gargash (centre), the chairman of Daman Investments and Ali Al Adou (right), head of asset management at the firm. Chris Whiteoak / The National
UAE markets now tempting for bargain hunters, says Daman Investments

'Versus other emerging markets we’ve never been cheaper,' says company's asset management head

MarketsAugust 04, 2019
A Standard Chartered unit in the UAE has cut 100 retail jobs. Bloomberg
Standard Chartered chief sees no easy way out of trade dispute

Emerging markets lender posts 3 per cent rise in half-year profit

BankingAugust 01, 2019
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