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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

An Etisalat store in Egypt. The UAE's telecom operators are still in the process of rolling out the 5G network. Reuters
Etisalat to explore development of 6G amid communications boom

The telecoms operator is conducting research and developing international standards to tap into 6G

TechnologyJune 30, 2021
HSBC's office in Canary Wharf, London. Corporate lenders are seeking to tap into the post-pandemic economic recovery as companies step up spending. AFP
HSBC commits $5bn in corporate lending to UAE companies to boost growth

The funding is expected to help businesses enter new markets and re-engineer their supply chains, the lender says

BusinessJune 27, 2021
Tadawul is the ninth largest exchange in the world with a market capitalisation of $2.6 trillion. Bloomberg
Saudi Tadawul Group posts 227% rise in net profit in 2020 ahead of listing

The group's revenue rose by more than 91% during the period

BusinessJune 24, 2021
Maaz Sheikh, co-founder and chief executive of Starzplay. Adio awarded Starzplay financial incentives, including rebates on high-skilled payroll, tech-related capital expenditure and other operating expenditure as part of its partnership. Courtesy Starzplay
Starzplay sets up headquarters in Abu Dhabi in partnership with Adio

The move will allow Starzplay to boost the production of regionally relevant original content for its audiences

BusinessJune 24, 2021
EGA's facility in Abu Dhabi. Mubadala owns a stake in EGA, which is one of the largest aluminium producers in the world. Image courtesy of Mubadala
Mubadala acquires 2.6% stake in Russian aluminium company En+

The deal increases the Abu Dhabi sovereign fund's stake size to 2.86% in total

BusinessJune 23, 2021
Private equity outpaced other asset classes to perform well, attracting investors who were on hunt for higher returns. Getty Images
Rising capital flows drive rapid growth in private markets

Investors have flocked to asset classes like private equity, private credit and real estate in the hunt for resilient returns, Investcorp says

BusinessJune 22, 2021
The UAE has strict laws to deal with money laundering and the financing of terrorism. Silvia Razgova / The National
UAE Central Bank issues anti-money laundering guidelines for licensed financial institutions

Suspicious activities should be reported through the goAML portal, the regulator says

BusinessJune 15, 2021
Cairo, Egypt. The Arab world’s third-largest economy was one of a few economies to escape a coronavirus-induced contraction in 2020 but growth is expected to soften this year. Reuters
World Bank upgrades Mena growth forecast to 2.4% in 2021

Oil-exporting countries in the region are expected to fare better this year as higher crude prices bolster their finances

BusinessJune 10, 2021
Local minimum taxes are not without inefficiencies but they could allow countries to tap into significant revenue, the IMF says. Reuters
Minimum tax regimes 'guarantee a floor' on amount business pays, IMF says

Global corporate tax rates have been falling for four decades as countries compete to attract multinationals

BusinessJune 09, 2021
The Central Bank of the UAE raised its base rate applicable to the Overnight Deposit Facility by 5 basis points on Thursday. Ryan Carter / The National
UAE Central Bank issues regulations to govern lenders' outsourcing activities

Banks in the UAE should obtain approval from the regulator before outsourcing any activity, according to the new rule

BusinessJune 08, 2021
Following the MoU, ADX became the first Arab exchange to establish commercial ties with Israel. EPA
Seven key takeaways from UAE's new commercial company ownership laws

Major reforms to its commercial ownership regime follow on from a series of other recent legal changes

BusinessMay 20, 2021
Chief executive Sebastian Stefan says LoadMe plans to expand to four more countries this year Chris Whiteoak / The National
Generation Start-up: Lorry rental platform aims to transform into logistics 'super app'

Dubai-based LoadMe looks to raise $5m this year to drive one-stop-shop plans for sector

BusinessMay 17, 2021
A woman, wearing a mask, cycling near the Eiffel tower in Paris. Vaccine roll out across many countries have given rise to expectations of a recovery in the travel and tourism sector.Reuters
Tourism revenues to remain subdued in 2021, IIF says

The economic recovery in countries heavily dependent on the travel and tourism industry is expected to slow

BusinessMay 13, 2021
Adnoc floated 10% of its distribution offering in 2017, with additional shares listed in September last year. Courtesy Adnoc Distribution
Adnoc Distribution to join MSCI Emerging Index from May 27

The move is expected to increase the attractiveness of its shares to potential international investors

BusinessMay 12, 2021
Abu Dhabi's Mubadala Investment Company on Sunday announced an investment in Europe's biggest pet care provider IVC Evidensia. Chris Whiteoak / The National
Abu Dhabi forms new council to regulate free zones

Mohammed Al Shorafa, chairman of the Abu Dhabi Department of Economic Development, will also assume the chairmanship of the council

BusinessMay 11, 2021
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