Mary Sophia
Articles
Gulf Islamic Investments fully acquires digital lender ATGB from Mubadala
The companies involved in the transaction did not disclose the value of the deal
Investment Corporation of Dubai revenue climbs 24% in 2021
Turnover rose to $46bn in 2021, driven by rallying oil prices and underpinned by a recovery in other sectors
United Arab Bank names new chief executive
Lender appoints Shirish Bhide, who has previously held several senior roles at First Abu Dhabi Bank
US Web3 company Novajax acquires Jordan streetwear brand Jobedu
The deal complements Novajax's efforts to bridge the gap between digital and physical worlds by tapping into blockchain
Aramex raises foreign ownership limit to 100%
Move, which is effective from today, gives investors a chance to buy the company's stock as it embarks on next stage of growth
UAE's first Spac begins trading on ADX
ADC will look to acquire businesses in the UAE or the broader Mena region
IMF says Sri Lanka needs to restore debt sustainability to secure fund's support
The island nation is battling its worst economic crisis since its independence in 1948
Higher oil prices can support Bahrain's economic reforms, IMF says
Fund commends the kingdom's post-pandemic policy response and says authorities are 'committed to reforms'
Crude at $110 per barrel is 'not sustainable', Indian minister says
India is speeding up its plan to blend ethanol with petrol to help cut down crude imports in the long term
Drake & Scull swings to first-quarter loss amid restructuring
Contractor is focusing on court approval to carry out its reorganisation plan
Adnoc and Masdar deepen clean hydrogen pact with BP
The three companies are developing the H2Teesside blue hydrogen project in the UK
UAE's tourism sector growth in first quarter outpaced pre-Covid levels
Revenues of hotels in the country reached $2.9bn in the three-month period as visitor numbers picked up
Apicorp appoints new chief executive amid sustainable finance push
Former chief of Emirates NBD Capital KSA Khalid Al Ruwaigh replaces Ahmed Attiga, who served as the company's chief executive for five years
How three ex-Google executives are building Middle East's Venmo
Mamo, a peer-to-peer payment app, aims to expand to Saudi Arabia by 2023 and has set sights on Pakistan and Turkey
Saudi Arabia posts $15.3bn budget surplus in first quarter amid oil rally
Oil revenue surged 58 per cent to $49bn as crude prices increased during the period