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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

Despite the difficulties posed by the pandemic, Deyaar said it completed projects on time. Reem Mohammed/The National
Dubai developer Deyaar swings to loss in 2020

Despite the impact of Covid-19 the developer said construction of its projects continued in line with the scheduled timeline

BusinessFebruary 15, 2021
Archer Aviation aims to unveil a prototype of its electric vertical takeoff and landing aircraft this year. Courtesy Archer Aviation
Electric air taxi start-up Archer Aviation wins $1bn deal from United Airlines

The company secured additional funding worth $600m from a group of investors including Mubadala Investment Company

BusinessFebruary 11, 2021
Turkmenistan professes to be virus-free, with no case officially recorded in the country. Getty
ADFD signs deal with Turkmenistan to form new $100m investment company

The fund is also studying the feasibility of setting up a chemical complex in Turkmenistan

BusinessFebruary 03, 2021
Phase one includes 3,000 hotel rooms, including a new international airport, a yacht marina, leisure and lifestyle facilities as well as supporting logistics and utilities infrastructure, including more than 80 kilometres of new roads.. Courtesy The Red Sea Development Company
Red Sea tourism project awards contracts to build hotel and villa infrastructure

Saudi Arabian contractor Al Bawani and Swiss timber specialist Blumer Lehmann won contracts for villa infrastructure works and the building of the resort's first hotel

Travel and TourismFebruary 03, 2021
The BMW Group will begin sourcing aluminium produced using solar electricity with immediate effect. This marks an important milestone on the road to the company’s goal of lowering CO2 emissions in its supplier network by 20% by 2030. Courtesy: BMW
BMW buys first aluminium made using solar energy from UAE's EGA

The deal will help the German manufacturer reduce its carbon dioxide emissions by approximately 2.5 million tonnes over the next 10 years

BusinessFebruary 02, 2021
A tribunal run by the World Bank ordered Agility to pay Iraq $5.2m million to cover fees related to its action. AFP
Kuwait's Agility invests $35m in 'blank-cheque' company Queen's Gambit

Queen's Gambit will invest in clean energy, health care, FinTech, industrials, mobility and emerging technology

BusinessJanuary 31, 2021
Omar Onsi founded Nymcard in Lebanon in 2018. Victor Besa/The National
Abu Dhabi-based FinTech Nymcard secures $7.6m in Series A funding

The funding will be used to fuel its expansion in the Middle East

BusinessJanuary 31, 2021
The DFM Company posted a 14 per cent increase in net profit of Dh137.9 million in 2020. Reuters
Dubai revamps rules for listing local joint stock companies

Companies must list on the DFM or Nasdaq if they generate more than half their revenues from Dubai

BusinessJanuary 31, 2021
Saudi Arabia is providing extra stimulus to public companies to incentivise more private sector firms to list. Reuters
Saudi Arabia to provide long-term loans for listed companies

The Project Support Fund will provide financing to healthcare, education and real estate companies

BusinessJanuary 26, 2021
First Abu Dhabi Bank appointed its first female CEO and is optimistic about the economic recovery in 2021. Courtesy FAB
FAB agrees to buy Bank Audi's Egypt subsidiary

The deal will significantly increase the size and scale of FAB’s operations in North Africa's largest economy

BusinessJanuary 20, 2021
Agthia, which owns Al Ain water brand, has been snapping up investments in complementary sectors. Silvia Razgova / The National
Agthia acquires majority stake in Jordan's Nabil Foods

The company, which operates the Al Ain water brand, says the deal will help it tap into new revenue streams

BusinessJanuary 19, 2021
The project will provide energy to millions of homes across Denmark. Bloomberg
Masdar acquires 50% stake in two wind farms in Poland

Work on the wind farms, which are currently under construction, are expected to be completed by the end of 2021

BusinessJanuary 18, 2021
Alain Bejjani, chief executive of Majid Al Futtaim, is optimistic that the UAE's retail industry will rebound in 2021. Pawan Singh / The National.
UAE's retail sector to fully recover by 2021, Majid Al Futtaim CEO says

The company is planning to continue its expansion in Saudi Arabia and East Africa next year and is considering acquisitions

BusinessDecember 17, 2020
Finablr told the London Stock Exchange on Tuesday that the sale to a new consortium is "progressing". Alamy
UAE-Israel consortium strikes deal to buy Finablr

Under the deal, GFIH will pay a nominal $1 for Finablr and provide working capital to help it operate and support creditors and employees

BusinessDecember 17, 2020
Following the MoU, ADX became the first Arab exchange to establish commercial ties with Israel. EPA
Abu Dhabi's ADX signs agreement with Tel Aviv Stock Exchange

The collaboration will allow companies in both countries to access new sources of capital

BusinessDecember 16, 2020
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