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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 ADX, which is owned by state holding company ADQ, registered one of its most successful years on record last year as number of listings surged. Photo: ADX
ADX to see 13 more listings before year-end

New listings could include four companies from outside the UAE, while others may be government and family-owned businesses

MarketsMarch 28, 2022
NMC owns 65 healthcare facilities with more than 1,400 hospital beds as well as 38 pharmacies. Photo: NMC
NMC companies exit administration and become part of new group

Two companies will remain in administration until their restructuring and legal issues are resolved

EconomyMarch 25, 2022
Olam Agri is a commodity trading and processing company that specialises in grains, oilseeds, rice and animal feed. Reuters
PIF unit Salic pays $1.2bn for 35.4% stake in Singapore's Olam Agri

The move will help the Saudi company to expand its international footprint and boost its access to strategic commodities

BusinessMarch 25, 2022
The new fund will enable ADQ to tap into fast-growing start-ups in Turkey. Bloomberg
ADQ and Turkey's wealth fund in $300m deal to invest in tech start-ups

ADQ TWF will invest in companies developing new technologies or improving existing technology in sectors such as energy, health care, food, agriculture and others

EconomyMarch 24, 2022
Coal and oil demand is expected to decline by nearly two thirds by 2050 as the world seeks to limit temperature rise to pre-industrial levels. Reuters
World must double down efforts to achieve net zero by 2050 as conflict slows transition

About $60tn of capex investment is needed in low-carbon technology to meet emissions target

Road to Net ZeroMarch 23, 2022
The UAE had 42 co-operatives with 200 branches operating across the country as of the end of 2020. Reem Mohammed / The National
What the UAE's decision on listing co-ops will mean for the market

The country is taking several measures to boost its financial markets and attract new investors

MarketsMarch 22, 2022
Windmills operated by Saudi's Acwa Power in Tangier, Morocco. In 2021, the Riyadh utility developer achieved financial closes of five projects in Saudi Arabia, South Africa and Uzbekistan. Reuters
Acwa Power net profit slides in 2021

Company's operating income for the year rose 12.5 per cent to $560m

EnergyMarch 16, 2022
Cofe App, which secured $10 million in funding last year, plans to expand to Egypt and Turkey. Ruel Pableo for The National
Abu Dhabi's Cofe adds a little Kaffeen to e-commerce operation

Deal allows Cofe to strengthen its e-commerce operations in the region

Start-UpsMarch 16, 2022
Mansoor Janahi, group chief executive of Sanad, and Bernard Roux, chief executive of Thales in the UAE. Photo: Sanad
Sanad signs deal with Thales to develop aviation services

The companies will exchange knowledge and work together on regional and international projects

AviationMarch 14, 2022
A rise in economic activity in China led to a greater demand for energy, which in turn resulted in higher emissions. AFP
Global energy-related carbon emissions reach highest level yet in 2021, IEA says

Coal accounted for 40% of the carbon dioxide emissions last year

EnergyMarch 08, 2022
West Texas Intermediate, the gauge that tracks US crude, jumped as President Joe Biden spoke about the US reponse to Russia's invasion of Ukraine. AFP
Oil prices jump as US bans Russian crude imports

The move is part of efforts to intensify sanctions against the world's second-largest energy exporter for its attack against Ukraine

EnergyMarch 08, 2022
Women business owners account for 10 per cent of the total private sector in the country. Photo: Chris Whiteoak and Pawan Singh / The National / Citi UAE / Multiply Group
Twelve women in UAE business who have made their mark

From retail to finance, technology to media, these women are playing a key role in supporting the country's growth

EconomyMarch 08, 2022
Cofe has grown between 200 and 300 per cent since its inception. Photo: Cofe
Generation Start-up: Cofe uses tech to connect coffee lovers to specialty brews

Kuwait-born company is considering acquisitions to consolidate its regional presence even as it expands to the UK and Turkey

Start-UpsMarch 07, 2022
Any non-performing loan increase is expected to be contained as corporate activity and the economy improve. Antonie Robertson/The National
UAE bank lending set to grow in 2022, S&P says

Higher oil prices, supportive government policies and improving economic sentiment could lead to a fast return to pre-pandemic levels

BankingMarch 04, 2022
Yahsat’s third satellite, Al Yah 3, was launched in January last year. Courtesy Mubadala Investment Company
Abu Dhabi's Yahsat Q4 profit surges on higher revenue

Satellite communications company plans to spend $190m in capital expenditure this year

MarketsMarch 01, 2022
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