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Mary Sophia

Mary Sophia

Assistant Business Editor
Abu Dhabi
Mary is a deputy business editor at The National and has an extensive experience in business reporting in the region with both regional and international titles. Prior to joining The National, she was the deputy editor at Forbes Middle East and has also worked with BBC News and Gulf Business. She has interviewed chief executives of leading companies, ministers of state and other policy makers.

Articles

The e-gaming market in the GCC alone will be worth $821m by 2021. Reem Mohammed / The National
Sweden's Stillfront Group acquires Abu Dhabi gaming studio in $205m deal

The transaction marks one of the largest deals within the Arab world's gaming sector, according to the Abu Dhabi Government Media Office

TechnologySeptember 16, 2021
Simon Charlton, the chief restructuring officer, said the settlement will allow the company "move forward and rebuild". Satish Kumar / The National
Saudi Arabia's AHAB settles 12-year debt dispute

The company's creditors are expected to receive $1.93 billion in settlements

EconomySeptember 08, 2021
Investcorp first acquired Pro Unlimited in 2014 but sold a stake to Harvest Partners in 2017. Courtesy Investcorp
Investcorp completes stake sale in US company Pro Unlimited

The sale of the workforce management firm is a 'highly successful exit', the asset manager says

EconomySeptember 02, 2021
Agthia manufactures brands such as Al Ain water and Al Foah dates. Delores Johnson / The National
Agthia acquires snacks maker BMB Group

The deal is expected to increase Agthia's exposure to $360bn global market for healthy foods

EconomySeptember 01, 2021
The deal to fully buy the Al Maryah unit is Tabreed's fourth major acquisition in less than two years. Reuters
Tabreed acquires Al Maryah Island district cooling unit operator in $84.8m deal

The company purchased the additional stake from Mubadala Infrastructure Partners

EconomyAugust 29, 2021
Ryan Lefers (left), co-founder and chief executive of Red Sea Farms, along with Mark Tester. Courtesy Red Sea Farms
Generation Start-up: how this Saudi company is helping farmers cut water use

AgTech start-up Red Sea Farms says its technology could cut freshwater use by up to 90% in arid region seeking to bolster its food security

Start-UpsAugust 29, 2021
The UAE has the highest level of women participating in the workforce – 57.5 per cent in 2020 – of any country in the Mena region, the World Bank said.
Saxo Bank registers 200% growth in new UAE female investors

Women now account for about 12% of trading and investment platform's active clients in the country in 2021

MoneyAugust 28, 2021
Growth in spending also comes as consumers become increasingly comfortable visiting shopping malls, Majid Al Futtaim said. Chris Whiteoak / The National
Consumer spending in UAE retail sector up 4% in second quarter

Growth in the country’s retail sector could return to pre-Covid levels by the end of this year, Majid Al Futtaim says

EconomyAugust 12, 2021
Saudi Arabia's economy grew an annual 1.5 per cent in the second quarter of this year. Ahmed Yosri/ The National
Saudi Arabia issues record number of foreign investor licences in first quarter of 2021

The number of foreign investor licenses issued during the period rose 2.6% from the last quarter

EconomyAugust 10, 2021
Emaar Malls' net profit for the six months to the end of June rose to Dh622 million in 2021. Pawan Singh / The National
Dubai's Emaar Malls swings to profit in second-quarter as revenue jumps 74%

The malls operator said it 'delivered healthier than projected profits' in the three months to June

EconomyAugust 10, 2021
Digital media adoption in the region is high compared to others, according to a new report by RedSeer. Alamy
Mena users spend an average 90 minutes daily with short-form content online

Short-form content makes up for 15% of total time spent by users on media platforms across the region

EconomyAugust 09, 2021
Hungarian budget airline Wizz Air is training an additional 150 pilots to meet the seasonal demand for flights. Reuters
Wizz Air to hire 4,600 new pilots by 2030

The Hungarian budget airline expects to recruit 300 pilots by the end of this year

AviationAugust 08, 2021
Silicon Valley in the US. The Americas region attracted more than half of all VC funding, or $84.1bn, in the second quarter of this year. Getty
Global VC funding reaches record $157bn in second quarter of 2021

FinTech was the most popular sector among investors and will remain so, KPMG report shows

Start-UpsJuly 22, 2021
Mohamed Al Ramahi, chief executive of Masdar, said Uzbekistan is a key strategic investment destination for the company. Antonie Robertson / The National
Masdar to develop two solar power projects in Uzbekistan

The projects will have a combined capacity of 440MW

EnergyJuly 13, 2021
Ibrahim and Ihab
The UAE's Almentor is developing online learning for Arabic speakers

Former Exxon Mobil executives co-founded the video-based learning service long before Covid-19 led to a boom in demand for remote courses

Start-UpsJuly 11, 2021
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