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      Michael Fahy

      Michael Fahy

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      Articles

      Rafik Nayed, goup chief executive of Al Salam Bank Bahrain speaking at a CNBC East Tech West event in Nansha, Guangzhou in China as the lender launches the $50m MEC Ventures fund with China's MSA Capital. Getty Images
      Al Salam Bank and China's MSA Capital launch $50m regional venture fund

      Chinese venture fund with $1bn of assets under management received investment from Bahrain's Al Waha Fund of Funds last month

      TechnologyNovember 20, 2019
      Strata Manufacturing chief executive Ismail Abdulla (left) and Premium Aerotec chief executive signing a five-year supply agreement at the 2019 Dubai Airshow. Courtesy Strata Manufacturing
      Strata Manufacturing and Airbus's Premium Aerotec sign five-year supply agreement

      German manufacturer will supply bonded and precision-machined parts to Strata's Al Ain manufacturing park

      AviationNovember 19, 2019
      Dubai, United Arab Emirates- Russian Helicopter VRT 500 on display at the Dubai Airshow 2019 day 2 at Maktoum Airport. Leslie Pableo for the National
      Tawazun fund buys 50% of Russian Helicopters' VR Technologies business

      The partners will invest at least €400 million in the development of the business, executive says

      AviationNovember 19, 2019
      The Valley will be Dubai’s first-ever self-contained town, developer Emaar said. Image courtesy Emaar
      Camera24
      Dubai's Emaar Properties launches Dh25bn The Valley community

      Exclusive: Up to 4,500 units could eventually be built on the 200-hectare site

      PropertyNovember 18, 2019
      Protesters in Nabatieh wave flags flags during a recent afternoon protest. William Lowry/ The National
      Lebanon's sovereign rating downgraded by S&P

      Downgrade follows similar actions by competitors Fitch Ratings and Moody's Investors Service

      BankingNovember 16, 2019
      Arabtec Construction won a major contract from Emaar Misr to build a residential project on the north coast of Egypt. Jeffrey E Biteng / The National
      Arabtec swings to third quarter loss on lower revenue

      Company cites delays in handing over legacy projects and tough real estate market as factors in its results

      PropertyNovember 16, 2019
      A worker cleans the logo of Bank Audi in Beirut. The bank was one of three Lebanese lenders whose ratings were downgraded by Fitch on Thursday. Reuters
      S&P Global downgrades three Lebanese banks

      Agency cites 'liquidity pressure' after lowering ratings on Bank Audi, Blom Bank and Bankmed

      BankingNovember 14, 2019
      An employee looks out across oil pipes operated by Saudi Aramco, in Ras Tanura. The company will set a price range for its initial public offering next week. Bloomberg
      Aramco to reveal IPO price range on November 17

      Final offer price is expected to be announced on December 5

      MarketsNovember 13, 2019
      Emaar Properties reported a 20 per cent hike in third quarter profit for 2019. Chris Whiteoak / The National
      Emaar Q3 profit up 20% as company looks to Dh25bn project

      Developer agrees to joint venture for project called The Valley on Dubai-Al Ain Road

      PropertyNovember 10, 2019
      Beehive's founder Craig Moore has experience in the technology industry, having co-founded a UK software company that was sold to IBM in 2012. Reem Mohammed / The National.
      Generation S: Beehive has created a buzz about peer-to-peer lending

      In addition to loans, the company offers an invoice finance service, where SMEs sell their receivables at a discount, often to improve cash flow

      TechnologyNovember 09, 2019
      Occupancy in index tower has increased by 18 per cent, Emirates Reit's management said in its third quarter results statement. Antonie Robertson / The National
      Emirates Reit grows property income but revaluations hit bottom line

      Fund manager Equitativa says it will focus on operational improvements and cutting costs

      PropertyNovember 06, 2019
      ATM machines at Al Rajhi Bank in Riyadh. The lender reported a 7 per cent drop in first-quarter net profit on higher operating expenses and impairment charge. Bloomberg
      Al Rajhi Q3 profit jumps 12% as operating income grows

      Impairment charges and staff costs both fell during the quarter

      BankingOctober 29, 2019
      A user browses the Ease by Emaar app offering holiday home rentals. Courtesy Emaar
      Headphones
      Business Extra: What's in store for real estate and construction?

      Signs of optimism - especially in the capital - are emerging

      Business ExtraOctober 28, 2019
      RAK Properties reported a more than threefold increase in net profit for the first quarter. Courtesy RAK Properties.
      RAK Properties' profit spikes as more new homes are sold

      Real estate sales during first nine months double to Dh94m, developer says

      PropertyOctober 27, 2019
      Sabic chief executive Yousef Al Benyan says "capital discipline remains a priority" as the company reported an 86 per cent drop in third quarter profit. Chris Whiteoak / The National.
      Sabic reports 86 per cent third quarter profit fall after writing down Clariant stake

      Company impaired the value of its 24.99 per cent share in the Swiss chemicals giant by 1.5 billion riyals

      EnergyOctober 27, 2019
      More Articles

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