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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 Central Bank of the UAE praised the UAE leadership for its efforts in aiding the country's economic recovery. Ryan Carter / The National
UAE's Dh50bn Tess economic stimulus benefits more than 270,000 customers

The ministry of finance says 260,000 individuals and 9,527 SMEs availed interest-free loans provided by the CBUAE under the scheme

BusinessJuly 29, 2020
ADCB fully integrated UNB and Al Hilal Bank earlier this year after a three-way merger. Couretsy ADCB
ADCB's Q2 net income slides on higher impairment charges

Net profit for the three months to the end of June fell to Dh1.23 billion

BankingJuly 29, 2020
The agreement will help boost the liquidity in the market and provide more mortgages to encourage home ownership. Reuters.
Saudi Real Estate Refinancing buys 3bn riyal mortgage portfolio from Public Pension Agency

The companies said the agreement covers a significant portion of the Masakin Programme, a PPA initiative to increase home ownership

BusinessJuly 19, 2020
Travel between governorates will not be allowed. Getty
Oman Investment Authority restructures boards of its portfolio companies

The sovereign wealth fund said it replaced chairmen of five companies

BusinessJuly 19, 2020
The Covid-19 outbreak has delayed STC's efforts to complete the purchase of a 55% stake in Vodafone Egypt. Reuters
STC pushes back Vodafone Egypt deal for the second time

'Logistical challenges' during the coronavirus outbreak have delayed STC's efforts to close its purchase of a 55% stake

TechnologyJuly 12, 2020
The UAE ranked fourth in terms of economic performance despite headwinds posed by the Covid-19 outbreak. Reem Mohammed/The National
UAE ranked ninth in global competitiveness table

The country clinched the first place in 23 indicators, IMD says

BusinessJune 16, 2020
The Leaning Tower of Pisa. The travel and tourism industry is one of the hardest hit by the pandemic. Getty
More than 197m travel and tourism jobs at risk worldwide if movement restrictions continue

The latest forecast is nearly 96 per cent higher than the WTTC's previous estimate of 100.8 million lost jobs in April

BusinessJune 10, 2020
A pedestrian walks past the Reserve Bank of India in Mumbai. The RBI said it is ready to act to maintain market confidence and preserve financial stability. Bloomberg
Moody's downgrades India's ratings, citing policy challenges

The agency maintained its negative outlook on the country

BusinessJune 01, 2020
The Big 5 is the largest construction exhibition in the Middle East, Africa, and South Asia. Courtesy: The Big 5
Construction trade show The Big 5 postponed to 2021

The event is the latest industry show to be moved to the next year amid pandemic-driven health and safety concerns

BusinessJune 01, 2020
Dubai's government has pledged to inject equity into state-owned Emirates airline. Reuters
Emirates confirms staff layoffs as pandemic hits air travel demand

The airline vows to ensure those made redundant are looked after

AviationJune 01, 2020
In July, Abu Dhabi had rolled out a basic industries project aimed to make the emirate self-sufficient in the production of basic consumer and industrial products. Chris Whiteoak / The National
Abu Dhabi's ADFD pledges Dh1bn to support Emirati-owned businesses amid Covid-19

The fund will provide loans for businesses operating in sectors including healthcare, food security and manufacturing

BusinessMay 31, 2020
The Galleria Mall's retail tenants will be provided a rent-free period during the second quarter to help them tide through the Covid-19 crisis. Courtesy Mubadala
Mubadala waives second-quarter rent for retail tenants at Galleria Mall

The company has offered support to the value of Dh420m so far, including Dh70m for tenants at Abu Dhabi Global Market Square

BusinessMay 25, 2020
Instabug founders Moataz Soliman and Omar Gabr raised $5 million in Series A funding in May. Courtesy Instabug
Generation Start-up: How Egypt’s Instabug plans to shake up the mobile app space

The Cairo-based start-up's technology runs on 2.5 billion devices globally across 25,000 mobile apps

BusinessMay 23, 2020
The recent update to the Dubai SME guarantee scheme also allows businesses eligible for financing to get a three-months payment holiday. Bloomberg Dubai's economy is projected to expand 3.2 per cent in 2020 on the back of a series of economic stimulus measures that have boosted tourism, financial services and real estate, among other sectors. Bloomberg
Dubai SME allocates Dh20m to a scheme guaranteeing loans for Emirati-owned small businesses

Scope of the scheme has been extended to include businesses with other stakeholders

BusinessMay 20, 2020
A fisherman empties his nets in Chennai, India. Covid-19 cases are still on the rise in countries with poor healthcare infrastructure AFP
Abu Dhabi’s ADFD to contribute to Arab Coordination Group’s $10bn Covid-19 support fund

Package will include grants, loans, trade insurance, technical assistance and capacity development programmes

BusinessMay 20, 2020
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