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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 acquisition of a majority stake in Borealis will help OMV produce higher-value products. Reuters
Mubadala sells a $4.6bn stake in Borealis to Austria’s OMV

The Abu Dhabi investment firm will retain a 25% stake in Borealis with the deal expected to close in the fourth quarter of this year

EconomyMarch 12, 2020
The UAE banking system is well capitalised and can withstand shocks of any scale. Ryan Carter / The National
UAE Central Bank ready to offer support in mitigating Covid-19 risks

The regulator said that it has directed its internal staff to comply with sanitisation procedures when handling cash

BankingMarch 12, 2020
Abu Dhabi based Waha Capital is aiming to increase its investments in 2020. Victor Besa / The National
Abu Dhabi sees 63% growth in new economic licences in 2019

The total number of economic licences registered in the emirate reached 172,577 last year

EconomyMarch 07, 2020
Abdulaziz Al Ghurair, chairman of the UAE Banks Federation, said the country's banking sector has sufficient liquidity. Pawan Singh / The National
UBF sets up new committees to support UAE banks’ growth

The banking body says it formed two technical committees on FinTech and consumer protection along with three advisory committees

BankingMarch 01, 2020
Inflation in Sudan rose to 60 per cent in November 2019, according to the IMF. Reuters
IMF’s head names Antoinette Sayeh as deputy managing director

The appointment of Ms Sayeh, a World Bank veteran, is subject to approval by the IMF’s Executive Board

EconomyFebruary 25, 2020
First Abu Dhabi Bank has mutually agreed with Lebanon’s Bank Audi to stop the transaction process on the acquisition of its fully owned subsidiary in Egypt.. Chris Whiteoak / The National
FAB appoints new group chief executive and expands its board

The bank’s current group chief executive Abdulhamid Saeed will join the lender's board

BankingFebruary 24, 2020
A new law established DMCC Authority, a body that will govern the freezone's activities. Sarah Dea / The National
Sheikh Mohammed issues new Dubai Multi Commodities Centre law

The new law establishes an authority that would govern DMCC’s activities and its infrastructure

EconomyFebruary 23, 2020
Hisham Alrayes of GFH says his company will help solidify Marshal's market position. Razan Alzayani / The National
GFH acquires 70% stake in Dubai-based payment technology firm Marshal

The company did not disclose the value of the acquisition the FinTech made through its investment banking arm

TechnologyFebruary 18, 2020
Group 42, headed by chief executive Peng Xiao, has offered to provide AI services free of charge to researchers studying to counter coronavirus. Ruel Pableo/The National
Abu Dhabi-based Group 42 offers free AI services to coronavirus researchers

The group is offering the use of its supercomputer to researchers who are focusing on developing a vaccine to counter the coronavirus

TechnologyFebruary 11, 2020
Sharjah is thriving culturally. Pawan Singh / The National
Sharjah records real estate transactions worth Dh24.2bn in 2019

The emirate registered 61,357 transactions last year, up by 13.4 per cent compared to 2018

PropertyJanuary 19, 2020
International Media Investments buys Al Ain News

Deal will allow the online portal to benefit from IMI’s administrative and commercial expertise

MarketsJanuary 19, 2020
Qatar Airways is set to report its third consecutive loss. AFP
Qatar Airways to report third consecutive annual loss

The airline’s chief executive attributed the expected losses to mounting operating expenses

AviationJanuary 16, 2020
NBK Capital Partners now owns a majority stake in Moroccan pharmaceutical firm Polymedic. Getty
NBK Capital buys Moroccan pharma firm Polymedic

Deal for maker of generic drugs will lead to private equity firm Africinvest exiting the company

MarketsJanuary 13, 2020
Sharjah is ramping up spending in sectors such as social programmes, economic activities, culture and education. Courtesy Al Majaz Waterfront
Sharjah approves 2% spending increase for 2020 budget

The emirate has earmarked one-third of expenditure for infrastructure development

EconomyJanuary 12, 2020
The UAE economy grew at an accelerated pace in 2019, driven by the OPEC country's oil industry. Getty Images
Business activity in Dubai’s non-oil private sector picks up

Employment in Dubai’s non-oil economy increased for the fourth consecutive month in December

EconomyJanuary 12, 2020
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