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Massoud A Derhally

Massoud A Derhally

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Articles

Abraaj founder Arif Naqvi, granted bail for $20 million in the UK is fighting extradition to the US. Bloomberg
Revealed: Abraaj whistleblower sent warnings before collapse

Despite the warnings one investor went ahead and committed $100m to a fund

BusinessMay 07, 2019
Dubai-based Careem could have raised more than $3.1 billion that Uber paid to acquire it had it gone public, Prince Khaled bin Alwaleed says. EPA
Careem IPO may have given company greater value, says Prince Khaled

Legislation in the region needs change to help budding businesses scale and evolve

TechnologyApril 18, 2019
Eyad Alkassar, CEO of Rocket Internet Middle East and Co-founder of Namshi is bullish on entrepreneurship in the Middle East. Courtesy Rocket Internet
Exclusive: Rocket Internet eyes more start-up acquisitions and investment in Middle East

The German incubator and venture capital firm has invested with its partners over $100 million in Middle East businesses over the past five years

TechnologyApril 15, 2019
Mohammad Mustafa, chief executive of the Palestine Investment Fund, said Gaza's offshore gasfield would more than meet the country's energy needs. Bloomberg
Palestine's fund looks to double assets and develop offshore Gaza gas

Exclusive: The Palestine Investment Fund aims to start developing offshore field next year

BusinessApril 09, 2019
Tourists visit the Sphinx and the Giza Pyramids, Egypt. The country's tourism sector is booming. EPA
Exclusive: Egypt expects double-digit growth in tourism

Tourism revenue grew 40 per cent year-on-year in 2018 and accounts for 20 per cent of gross domestic product

EconomyApril 08, 2019
Lebanon's capital Beirut. Getty
Growth in Egypt market to boost Lebanon's Blom Bank profitability

Rebound in Egyptian economy expected to increase earnings of Lebanese lender's network in North African country by 50%, chairman says

BankingApril 07, 2019
Suma Chakrabarti, president of EBRD says the maultilateral bank will swing to profitability this year. EPA
WEF Mena 2019: EBRD to invest €2bn in the Middle East

Exclusive: The multilateral development bank is aiming to increase its annual investment to €11bn by 2021

EconomyApril 07, 2019
Jordan imports about 95 per cent of its energy needs and a pipeline from Iraq is set to provide an economic buffer from the volatility of oil prices, the prime minister said. EPA
Jordan hopes to diversify its energy sources and boost growth on back of better ties with Iraq

Prime minister Omar Razzaz believes the kingdom's economy could accelerate as much as 5%

EconomyApril 07, 2019
Jordan Prime Minister Omar Razzaz speaks during the opening of the 17th World Economic Forum on the Middle East and North Africa. EPA
Jordan's PM Omar Razzaz sets sights on reviving economic growth

The Hashemite Kingdom's premier hopes reconstruction work in Syria and a pipeline with Iraq will improve Amman's fortunes

EconomyApril 06, 2019
Souq is one of a string of success stories as the region ramps up its efforts in tech. Reuters
World Economic Forum Mena 2019: How tech is changing the Middle East

Topics of this year’s forum are far different than what was discussed back in 2003

BusinessApril 04, 2019
Uber drivers have applauded the move to bar passengers with poor ratings, saying it might give customers an incentive to be more courteous. AP
Uber 'to buy' Careem for at least $3bn

Acquisition is expected to be announced next week

TechnologyMarch 24, 2019
epa07368337 (FILE) - An Airbus A380-800 aircraft of UAE carrier Emirates taxies after landing at Duesseldorf International Airport in Duesseldorf, Germany, 18 January 2018 (reissued 14 February 2019). Airbus has announced that it will shut down production of the A380 superjumbo due to weaker than expected demand. The A380 was the world’s largest airliner. EPA/SASCHA STEINBACH
Camera30
End of an era: Airbus to scrap production of A380 superjumbo

Emirates reaches agreement on A380s with Airbus, airline to receive 14 more A380s by end of 2021, as superjumbo production ends

AviationFebruary 14, 2019
Andy Palmer, chief executive officer of Aston Martin, with an Aston Martin DB5 automobile outside the London Stock Exchange. Mr Palmer has been at the helm of the company since 2014, taking it public in October. Bloomberg
Luxury car maker Aston Martin plans to double production

The chief executive of the British car maker plans to roll out 14,000 cars by 2022

BusinessNovember 26, 2018
Men look at a stock quotation board showing share prices of Nissan and Mitsubishi outside a brokerage in Tokyo a day after Carlos Ghosn an icon of the auto industry was arrested because of financial misconduct allegations. Reuters
Shares of Nissan and Mitsubishi plunge following Ghosn arrest

Asahi newspaper played a video clip of a jet arriving at Haneda airport being boarded by security officers

BusinessNovember 20, 2018
Emirates airline's first-half profit took a hit from rising fuel costs and a stronger dollar. Adam Schreck / AP
Emirates' first-half profit slides on higher fuel bill

Dubai-based carrier made Dh226m in profits during the first six months of the fiscal year

AviationNovember 15, 2018
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