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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

Mubadala Investment Company acquired a significant stake in Asper's investment vehicle. WAM
Mubadala acquires 'significant stake' in Asper's Dh2.1bn investment vehicle

Dorothea plans to invest in sustainable heating capacity in the Netherlands

BusinessDecember 15, 2020
Omar Onsi, chief executive of NymCard, is tapping into the region's need for futuristic payment channels. Victor Besa / The National
Generation Start-up: NymCard is making online payments accessible to the Middle East's unbanked

The FinTech firm is developing its own technology to process transactions as it rolls out digital prepaid cards

BusinessDecember 06, 2020
A woman withdraws money from an ATM machine at the entrance of a bank in Beirut on December 01, 2020. Lebanon's economy is sinking into a 'deliberate depression', the World Bank said citing the authorities' failure to tackle the crisis. AFP
Lebanon in a 'deliberate depression' and faces dire consequences, World Bank says

The collapse of Lebanon’s currency has caused inflation to soar to 137%

EconomyDecember 02, 2020
About 82 per cent of women reported their lives were negatively disrupted by the pandemic. Getty Images
Seven in 10 women believe their career progression will be affected by Covid-19

Pandemic is threatening to erase workplace gender equality gains achieved so far, new survey finds

BusinessDecember 01, 2020
President-elect Joe Biden is likely to nominate former Federal Reserve Chair Janet Yellen to head the US Treasury. If confirmed by the Senate, Ms Yellen would be the first woman to assume the position and be tasked with steering the world's largest economy as it faces mass layoffs and a sharp growth slowdown caused by Covid-19. AFP
Why Janet Yellen's nomination to lead Treasury bodes well for the US economy

A seasoned academic and economist, Ms Yellen's expertise could help stave off a deepening economic crisis in world's largest economy

EconomyNovember 30, 2020
Dubai International Financial Centre signed a pact with FinTech-Aviv to facilitate co-operation. Courtesy DIFC
DIFC's FinTech Hive signs deal with Israel's FinTech hub to boost co-operation

The financial free zone's pact with FinTech-Aviv will help its member companies expand in Israel

BusinessNovember 29, 2020
The Sand fund for MSMEs targets investments in countries such as Egypt, Lebanon, Jordan, the Palestinian Territories, Morocco and Tunisia. Alamy
Sanad invests $5m in Jordan-based fund for SMEs

VC firm Silicon Badia's fund targets investments in early stage companies which are in need of equity

TechnologyNovember 17, 2020
RYP3WE Amazing Dubai city center at sunrise, Dubai, United Arab Emirates. Alamy
Dubai offers new real estate guide for developers

The manual includes a calculator to help companies estimate likely costs and timeframes to complete projects

BusinessNovember 17, 2020
The UAE's Tess scheme was first introduced in March this year. Ryan Carter / The National
UAE Central Bank extends Tess scheme to June 2021

The regulator first rolled out Tess in March to mitigate the impact of the coronavirus pandemic

BusinessNovember 16, 2020
Egypt ranked first in terms of the number of funding deals and accounted for 25 per cent of the region's total funding. Getty Images
Cairo Angels launches venture capital fund for early stage start-ups

The fund aims to start investing in the first quarter of 2021

BusinessNovember 14, 2020
The Middle East is home to about 60 of the 190 Airbus corporate jets currently in service worldwide. AP
Airbus vies to capture 60% of Middle East’s corporate jet market

The plane maker expects fleet renewals to drive demand for its corporate jet division

BusinessNovember 12, 2020
Danube's sales rose 23.5% during the first nine months this year to 540.2m riyals. Reuters
Saudi Arabian retail chain BinDawood's Q3 profit down by 37% as pandemic hits sales

Company's revenue was hit due to limited Hajj visitors amid Covid-19 and a temporary closure of its shops in Makkah and Madinah

BusinessNovember 10, 2020
Young woman is paying in the cafe using her mobile phone. Getty Images
E-commerce transactions to account for 28.2% of all UAE card payments in 2020

The UAE had the biggest annual spend per online shopper in the region at $1,648

BusinessNovember 08, 2020
Young woman is paying in the cafe using her mobile phone. Getty Images
UAE Central Bank issues new rules to facilitate digital payments

Regulations cover Stored Value Facilities that hold digital money stored on e-wallets, phones or other devices

BusinessNovember 03, 2020
Bin Dawood Holding has 73 stores of which 51 are hypermarkets and 22 are supermarkets. Courtesy of BinDawood Holding
Investcorp exits investment in retail chain BinDawood through its listing

The deal marks Investcorp's third public share sale in the kingdom over the past four years

BusinessOctober 21, 2020
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