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      Mary Sophia

      Mary Sophia

      Assistant Business Editor
      Location
      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

      Dan Piehler, Helen Chen and Damien Drap, founders of Nomad Homes. Courtesy: Nomad Homes
      Generation Start-up: How a Dubai PropTech is simplifying home buying with algorithms

      Nomad Homes provides a platform that collates multiple options for users looking to buy or rent homes and matches house hunters with property brokers

      Start-UpsOctober 31, 2021
      ESG investments have gained traction after the Covid-19 pandemic led to a shift in priorities for investors. Getty Images
      Saudi Arabia issues ESG disclosure guidelines for listed companies

      The move is expected to encourage firms to voluntarily disclose their ESG practices and raise awareness about sustainability

      EconomyOctober 28, 2021
      Sabic, one of the world’s largest petrochemical firms, attributed the growth in profit to higher selling prices. Reuters
      Sabic third-quarter net profit surges five-fold on higher selling prices

      Net profit at the Middle East's biggest petrochemicals firm rose to $1.5bn

      EnergyOctober 28, 2021
      Riyadh. Saudi Arabia has been encouraging multinational companies to establish regional offices in the kingdom’s capital. Getty
      FII: 44 multinational companies shift regional headquarters to Saudi Arabia

      Move to attract foreign companies could contribute $18bn to the local economy

      EconomyOctober 27, 2021
      An artist's impression of Guggenheim Abu Dhabi. The museum will join Louvre Abu Dhabi, Manarat Al Saadiyat and Berklee Abu Dhabi on Saadiyat Island. Photo: Guggenheim Abu Dhabi
      Camera11
      Trojan and Six Construct joint venture wins Guggenheim Abu Dhabi contract

      The companies will build the museum, the associated infrastructure and surrounding marine works

      EconomyOctober 27, 2021
      Manama. Bahrain's economy is expected to expand 3.3 per cent this year, according to IMF. Getty
      UAE, Saudi Arabia and Kuwait to continue backing Bahrain's fiscal balance programme

      GCC nation aims to achieve a balanced budget by 2024 through reforms to strengthen sustainable economic growth

      EconomyOctober 20, 2021
      The Dresden fabrication plant of GlobalFoundries produces 28nm, 32nm, 40nm and 45nm semi-conductor chips. The company is expanding production in the US, Germany and Singapore. Jeff Topping / The National
      Mubadala's GlobalFoundries may raise as much as $2.6bn in IPO

      The IPO price range is expected to be between $42.00 and $47.00 per share

      MarketsOctober 19, 2021
      There has been a record trading performance on the Abu Dhabi stock exchange this year. Reuters
      Abu Dhabi launches Dh5bn IPO fund to help companies list

      The fund will invest in five to 10 private companies a year, with a special focus on small and medium enterprises

      EconomyOctober 12, 2021
      The damage from the Covid-19 pandemic – which unleashed the worst recession since the 1930s Great Depression – has been greater in middle-income and poor countries. (AP Photo/Edmund Kagire, File)
      Debt burden of the world’s poorest countries rose 12% to $860bn in 2020

      Net inflows from multilateral creditors to low and middle-income countries touched a decade-long high in 2020 when they rose to $117bn

      EconomyOctober 11, 2021
      Global cross-border payments are growing at an annual rate of about 5 per cent and are expected to reach $156 trillion by next year, according to Ernst & Young. Christopher Pike / The National
      Digital currencies can help reduce cost and time of money transfers

      A prototype developed by four central banks and BIS showed the use of digital currencies could facilitate cross-border money transfers within seconds

      EconomySeptember 29, 2021
      An oil refinery in Saudi Arabia. Petrochemical producers in the Middle East have increasingly sought to consolidate over the past few years in an effort to gain scale. Getty Images
      Saudi Arabia's SIIG and Petrochem in merger talks

      Under the transaction plan, SIIG will acquire shares of Petrochem that it does not already own

      EnergySeptember 28, 2021
      Damac is known for its luxurious branded property projects with fashion houses and for building the only Trump-branded golf course in the Middle East. Paulo Vecina / The National
      Damac shareholders to vote on October 20 on Sajwani's bid to take company private

      The developer's founder relaunched a bid last week using his Maple Invest vehicle after securing regulatory approval

      PropertySeptember 27, 2021
      Saudi Aramco has a 20 per cent stake in the project through its subsidiary Saudi Aramco Power Company. Reuters
      Aramco, Acwa Power and Air Products agree to finance $12bn power joint venture in Saudi

      Unit serves Aramco’s Jazan Refinery, which processes 400,000 barrels per day of crude oil

      EnergySeptember 27, 2021
      The transaction, which has secured all regulatory approvals, will help to further develop King Abdullah Economic City.
      Saudi Arabia's PIF acquires 25% stake in Emaar The Economic City

      New shares will be issued to the sovereign wealth fund in a $755m debt swap deal agreed with the developer of King Abdullah Economic City

      EconomySeptember 27, 2021
      MidChains co-founders Basil Al Askari (left) and Mohamed Al Hashemi's company is the first and only fully-regulated virtual asset trading platform to receive sovereign wealth fund backing in the region. Courtesy MidChains.
      Mubadala-backed MidChains completes first trades on four cryptocurrencies

      The company is the only Emirati-founded virtual asset exchange in Abu Dhabi

      CryptocurrenciesSeptember 27, 2021
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