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Massoud A Derhally

Massoud A Derhally

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Articles

Russian President Vladimir Putin, right, and Saudi King Salman listen to national anthems during their 2017 meeting. The two countries have forged closer ties in the past two years. AP
Reticence of western firms drives Russia and Saudi closer

Analysis: The sovereign wealth funds of both countries are forging ahead in solidifying ties

BusinessOctober 26, 2018
Careem's rise to prominence in the Middle East has Uber considering a transaction.. Reuters
Uber prefers acquisition of Careem to merger

An acquisition by the San Francisco-based company could be worth $1.5bn to 2bn

TechnologySeptember 18, 2018
New York's iconic Plaza Hotel may come to the UAE if all goes according to plan. Don Emmert / AFP
Exclusive: New York Plaza buyer plans to bring hotel to UAE

The 111-year old property was once owned by US President Donald Trump

BusinessMay 07, 2018
Prince Alwaleed Bin Talal of Kingdom Holdings. The company has sold over 20 assets in emerging markets since 2010. Guy Martin/Bloomberg
Exclusive: Kingdom Holding said to be planning more hotel sales

The sales are in line with company's strategy since its hotel unit became a private firm

BusinessMay 02, 2018
Total chief executive Patrick Pouyanné had earlier said chances were "very slim" to secure a waiver for continued investment in Iran. AP
Exclusive: Total to apply for waiver if US withdraws from Iran deal

The French major was the first Western entity to sign a deal with Tehran after the lifting of sanctions

EnergyMarch 18, 2018
Rob Lloyd , CEO of Virgin Hyperloop One is bullish on the deployment of his company's technology that will ease congestion in countries like India and be strategically aligned with economic visions of Saudi Arabia and the UAE. Chris Whiteoak / The National
Exclusive: Virgin Hyperloop in talks with EU, Saudi Arabia and Dubai

The company is looking to double $300 million it has raised from investors that include DP World

BusinessFebruary 22, 2018
Careem's acquisition of RoundMenu will see it compete with food delivery services such as UberEats, Talabat and Zomato. Pawan Singh / The National
Careem acquires online restaurant listing platform RoundMenu

Ride-sharing company will trial food delivery services from this month onwards

TechnologyFebruary 18, 2018
Careem could consider selling shares to the public once the company is profitable but an IPO is not on the books at the moment, according to chief executive Mudassir Sheikha. Alex Atack / The National.
Careem 'not actively considering IPO, aims to be profitable in couple of years'

The company needs visibility before it can move towards a public offering

TechnologyJanuary 21, 2018
After lengthy negotiations Emirates ordered 36 additional Airbus A380 aircraft worth US$16 billion guaranteeing the production of the superjumbo for the Toulouse-based manufacturer.
Emirates saves the A380 with new $16 billion order

Order confirms commitment to superjumbo programme after lengthy negotiations

AviationJanuary 18, 2018
Roland Busch, Siemens chief tecnology officer is dismissive of critics who ask what happens when machines no longer need humans to direct them as AI becomes more advanced. Matthias Balk /AP
Exclusive: Siemens to open global airport and cargo unit in Dubai

The new unit will be located in Dubai South and will operate alongside a digital platform

EconomyDecember 16, 2017
Emirates ordered 40 Boeing 787-10 jets at the Dubai Airshow this week worth $15.1 billion. Pawan Singh / The National
Exclusive: Emirates likely to order more Boeing 787 Dreamliners, Tim Clark says

The carrier is still in negotiations with Airbus regarding the purchase of additional A380 superjumbos

AviationNovember 15, 2017
Emirates, the world biggest operator of wide-body aircraft reported Dh49.4bn in revenues and more than doubled its profits in the first half of its fiscal year. Pawan Singh / The National
Emirates Group net profit soars 77% in first half to Dh2.3 billion

Emirates Airlines' profit more than doubles to Dh1.7bn as it carries more passengers and revenues climb

AviationNovember 09, 2017
Prince Alwaleed bin Talal, Saudi billionaire and founder of Kingdom Holding, was among those detained during Saudi Arabia's anti-corruption crackdown. Mohammad Obaidi / Bloomberg
Regional markets face bumpy ride as Saudi anti-corruption drive intensifies

Uncertainty spooks investors even as moves seen as positive for Saudi economy

MarketsNovember 07, 2017
The metropolis will showcase investment opportunities within the KAEC Industrial Valley and across commercial and tourism projects as well as real estate. OMAR SALEM / AFP
Play24:02:28
King Abdullah Economic City courts investors, port may IPO

Zone to target leisure, entertainment industries, and launch multimillion dollar SME fund

EconomyNovember 07, 2017
Shares of Kingdom Holding Company, the investment vehicle of billionaire businessman Prince Alwaleed bin Talal, dropped to the lowest level on Monday since December 2011, following reports of his detention and other prominent figures amid an anti-corruption crackdown in the country. Ramon Peñas Jr / The National
Prince Alwaleed’s Kingdom Holding shares plunge 9.78%, lowest level since December 2011

The investment vehicle has declined 30 per cent so far this year and shed 19 per cent in the past 52 weeks

BusinessNovember 07, 2017
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