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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

Asian markets closer lower after a tech sell-off pressured US stocks on Monday. EPA
Tech sell-off and inflation fears pressure global markets

Tokyo’s Nikkei closed 3.1% down on Tuesday while Hong Kong’s Hang Seng index dropped 2%

BusinessMay 11, 2021
Aldar's headquarters in Abu Dhabi. Alpha Dhabi Holding acquired a 12.21 per cent stake in Aldar Properties. Victor Besa / The National
Aldar Properties' net profit surges 80% in first quarter as revenue climbs

Net profit for the three months to the end of March rose to Dh544 million

BusinessMay 10, 2021
Gulf Navigation is renegotiating with other lenders for new and flexible terms to restructure its debts. Above, the Gulf Eyadeh, which was known as the Front Shanghai until it was acquired by Gulf Navigation. Courtesy Frontline
Gulf Navigation expects return to profit in 2021 after restructuring Dh200m of debt

Dubai-listed company says new loan agreement will lower finance costs by Dh4m

BusinessApril 28, 2021
Drake & Scull International is looking to strengthen its operations in core markets. Rich-Joseph Facun / The National
Drake and Scull secures contracts worth Dh376m in India, Tunisia and Palestine

The company said it is bidding for projects worth Dh1.75 billion in Iraq and Kuwait

BusinessApril 27, 2021
FAB's net impairment charges in the first quarter of 2021 fell 36 per cent, indicating improving economic conditions. Victor Besa / The National
FAB's Q1 net profit rises 3% on lower impairment charges

Provisions for problem loans were 36 per cent lower on an improving economic outlook

BusinessApril 21, 2021
Abu Dhabi-based construction company Trojan Holding rebranded to transform to a holding company. Victor Besa / The National
Abu Dhabi contractor Trojan Holding rebrands to Alpha Dhabi Holding and changes business model

Also aims to sell 45 per cent equity stake to Abu Dhabi's International Holding Company

BusinessApril 06, 2021
Investcorp has expanded its portfolio following the onset of the pandemic. Courtesy Investcorp
Investcorp acquires communications agency Investis Digital

Investis Digital’s management team also acquired 'a meaningful stake' in the company alongside Investcorp

BusinessMarch 30, 2021
iKcon, a Dubai-based tech-enabled cloud kitchen as a service operator, was founded by Khalid Baareh and Kareem Abughazaleh. Courtesy iKcon
Dubai cloud kitchen start-up iKcon raises $20m to expand into Saudi Arabia

The latest round brings iKcon's total funding to $32m

BusinessMarch 28, 2021
The UAE plans to boost the economic contribution of the industrial sector through its new industrial strategy. Rich-Joseph Facun / The National
UAE’s industrial strategy to help attract investment and create new jobs

Localising value chains in a region with high-value consumer markets is 'a natural next step'

EconomyMarch 24, 2021
Saudi Arabia is aiming to create a clear identity through its Saudi Made brand to market its produce nationally and globally. Bloomberg
Saudi Arabia to launch programme promoting local products on March 28

Made in Saudi will help create a 'unified brand identity to promote Saudi products and services' in both local and global markets

BusinessMarch 17, 2021
DUBAI, UNITED ARAB EMIRATES. 4 AUGUST 2020. Dubai skyline. (Photo: Reem Mohammed/The National) Reporter: Section:
Megaprojects 'will help shape future of Middle East'

Larger schemes 'can have a lasting impact' on a city when properly executed, consultancy Strategy& says

BusinessMarch 14, 2021
The combination of Emaar Properties and Emaar Malls is expected to enhance the combined group’s position as a national real estate champion. Chris Whiteoak / The National
Emaar to merge its malls and properties businesses

Existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties

BusinessMarch 02, 2021
Agthia, the company that produces Al Ain water, registered 10% growth in its home office delivery segment for its five-gallon water division. Delores Johnson / The National
Agthia Group sees 100% uptick in e-commerce use amid Covid-19

Agthia registered a 10% rise in its five-gallon home and office delivery bottled water business last year

BusinessFebruary 25, 2021
Yehia Badawy, one of Rain's founders, says institutional interest is fuelling the Bitcoin rally Rain. Courtesy: RogerAnis/ Rain Management
Generation Start-up: Cryptocurrency asset trading platform Rain is riding high on Bitcoin boom

Bahrain-based FinTech aims to be licensed across the Middle East

TechnologyFebruary 21, 2021
Riyadh. Saudi Arabia will stop awarding government contracts to companies with regional headquarters outside the kingdom. Getty
Saudi plan to lure multinationals will boost job creation and knowledge transfer

Move will fast-track the country's goal to make Riyadh one of the top 10 city-economies in the world

EconomyFebruary 17, 2021
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