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Michael Fahy

Michael Fahy


Articles

Emirates NBD started strategic rights issue to raise up to Dh6.45 billion to support its future growth. Chris Whiteoak / The National
Emirates NBD completes deal for Turkey’s Denizbank

The Dubai-based lender acquired a bank with 749 branches and 14,000 employees

BankingJuly 31, 2019
Emaar Malls said revenue for the full-year rose 5 per cent to Dh4.673bn. Bloomberg
Emaar Malls Q2 revenue climbs 8 per cent

Mall operator supported by strong footfall at Dubai Mall although profits slip slightly amid tough retail market

PropertyJuly 31, 2019
National Commercial Bank is expected to further extend its lead as the largest bank in Saudi Arabia after the merger with Samba Financial Group. Michael Bou-Nacklie / The National
NCB reports 24 per cent increase in second quarter profits

Jeddah bank reported a net profit of 2.69bn Saudi riyals

BankingJuly 31, 2019
If a sale of Dana Gas Egyptian assets were to go ahead, the proceeds of the sale would be used to pay down its sukuk. Jaime Puebla / The National
Dana Gas confirms it is considering sale of Egyptian assets

Company is focusing its efforts on developing reserves in Kurdistan

EnergyJuly 30, 2019
Abu Dhabi Commercial Bank says it expects the integration of three-way merger with UNB and Al Hilal Bank to conclude by the second quarter of next year. Courtesy ADCB
ADCB records second quarter dip as lender presses on with merger integration

Newly-combined entity's cost of funds increased, according to the bank

BankingJuly 28, 2019
Flamingo Villas units developed by RAK Properties within the Mina Al Arab community. Courtesy RAK Properties
RAK Properties reports higher sales but increasing costs pinch profits

Developer is reconfiguring the Anantara Mina Arab hotel to reduce the number of rooms on offer

PropertyJuly 28, 2019
An aerial view of Boeing 737 Max 8 aircraft sitting parked at Boeing Field in Seattle, Washington. EPA
Boeing may halt 737 Max production

Plane maker expects the aircraft to return to the skies by the fourth quarter of this year

AviationJuly 25, 2019
Adib said growth was supported by a 3.4 per cent increase in net customer financing. Dana Smillie for The National
Abu Dhabi Islamic Bank's Q2 profits rise 10%

Revenue and net profit for the first half of the year were both up 5.8 per cent year-on-year to Dh2.89bn and Dh1.23bn respectively

BankingJuly 24, 2019
Saudi Arabia is the biggest flour market in the Mena region. Bloomberg
Saudi housing market shows signs of bottoming out

Prices in key cities continue to fall but volume of deals spikes, says consultancy Knight Frank

PropertyJuly 24, 2019
Charles Crowell / The National
Du calls up higher Q2 profit

Dubai-based telecoms operator posts 2.5 per cent year-on-year increase in second-quarter profit after royalty payments

MarketsJuly 23, 2019
General view of Expo 2020 site under construction in Dubai South. Christopher Pike/The National
Contracts for Expo 2020 themed pavilions to be awarded this year

Contracts are part of a package of about Dh11 billion expected to be awarded this year

EconomyJuly 31, 2017
Yousuf Caires, vice president of Expo Live, said ideas for projects have also been submitted from the UAE. Ravindranath K/The National
UAE ventures to improve lives receive expo initiative grants

Smart Labour literacy app, ICBA water development and Ver2 medical education all benefit

EconomyJuly 31, 2017
Abdulrahman Al-Ghabban was appointed as Saudi Arabia country manager for the US-based construction company, Bechtel last month. Courtesy of Bechtel
Bechtel digs for precious metal work in Saudi

The US construction company is also overseeing some construction at Waad Al Shamal Industrial City

EconomyJuly 29, 2017
Tecom Group has been appointed to develop and run the Dh5bn park
Tecom to develop and run Dh5bn Emirates Towers Business Park

Business parks operator's acting COO Fareed Al Janahi chosen as project head

PropertyJuly 24, 2017
Emaar Properties' Dubai Creek Harbour project is one of the biggest developments currently under construction in Dubai. Renderings courtesy Emaar
Value of UAE construction market edges up in first half

Value of projects has increase 8 per cent to $228 billion

PropertyJuly 24, 2017
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