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      Michael Fahy

      Michael Fahy

      Location

      Articles

      Visitors look at stock price information displayed on a digital screen inside the Saudi Stock Exchange. Bloomberg
      Saudi Arabia's Tadawul to allow foreign firms to list on biggest Arab exchange

      New rule changes will permit companies to list directly on the junior Nomu market without an IPO

      MarketsOctober 07, 2019
      Gross rental yields for Abu Dhabi apartments currently stand at 7.7% for apartments and 6.6% for villas. Mona Al Marzooqi / The National
      Venture funding for Middle East start-ups up 30% in first 9 months

      Funding for budding businesses increased to $517m, according to investment data platform Magnitt

      TechnologyOctober 06, 2019
      CCC secured $500m worth of contracts in the first quarter of 2020 and expects to land another $500m by June, said Samer Khoury, the group's president of engineering and construction. The National
      Contractor CCC sending up to 2,500 core staff on open leave

      Exclusive: Company says forced leave a result of delays to new contract awards, but remains committed to bringing them back to work next year

      PropertyOctober 01, 2019
      Gulf Marine Services has a fleet of 13 vessels operating in the offshore oil and gas and renewable energy markets in the Gulf and North West Europe. Mona Al Marzooqi / The National
      Abu Dhabi's Gulf Marine Services confident on turnaround prospects

      Company secures support of lenders despite a four-fold increase in first half losses

      EnergySeptember 30, 2019
      The upgraded diamond trading facility at Dubai Multi Commodities Centre's Almas Tower headquarters. Courtesy DMCC
      World's biggest diamond trading floor opens in Dubai's DMCC

      New floor at Dubai Diamond Exchange will have 41 secured tables capable of hosting 200 buyers

      EconomySeptember 25, 2019
      A view of towers along the Jumeirah Beach Residences coastline in Dubai. Chris Whiteoak / The National
      Dubai issues new law covering jointly owned properties

      Developers will be responsible for fixing faults in individual units for a year, and for building structures for a decade

      PropertySeptember 25, 2019
      The global market for public cloud services is set to grow to $331.2bn by 2022, according to IT consultancy Gartner. Courtesy: Equinix
      Abu Dhabi's Mubadala to invest up to $500m in data centres firm Cologix

      New funding will help the firm's growth plans in the US and Canada

      TechnologySeptember 23, 2019
      The UAE Central Bank has launched consultation for a new financial consumer protection regulatory framework. Victor Besa / The National
      UAE central bank issues higher growth forecast

      Stronger oil and non-oil growth push up GDP forecast to 2.4 per cent, up from 2 per cent in May

      EconomySeptember 22, 2019
      Laguna Waterpark at La Mer, Dubai. Retail units at the resort will form part of a new Dh5bn joint venture between Meraas Holding and Brookfield Asset Management. Antonie Robertson / The National.
      Meraas and Brookfield form Dh5bn retail property joint venture

      Retail assets it will own and operate include The Beach, City Walk and La Mer

      PropertySeptember 22, 2019
      Cranes in place at Dubai's Expo 2020 site in July 2019. The emirate has just set up a PPP unit to encourage foreign investment in infrastructure projects.
      Dubai sets up new public-private partnership unit

      Dubai Department of Finance's director-general expects tens of billions of dirhams of private sector investment in PPP schemes

      PropertySeptember 19, 2019
      View from the River Thames of the UK's Houses of Parliament. Despite Brexit uncertainty, the UK remains the main overseas market for individual Gulf investors, says Cityscape group director Chris Speller. Bloomberg
      Middle East property investors still favour UK and US

      Investors continue to target stable countries with competitive debt markets that can boost cash returns

      PropertySeptember 19, 2019
      Saudi Arabia's start-up ecosystem is among the fastest growing in Mena region. Bloomberg
      Draft private sector law will drive investment in Saudi projects

      Private Sector Participation law will regulate kingdom's privatisation and PPP programmes

      PropertySeptember 17, 2019
      Attendees at the launch of the new blockchain accelerator programme, which will be based within Area 2071 at Dubai's Emirates Towers
      Blockchain accelerator programme launched at Dubai's Area 2071

      Further frameworks will be developed to test other technologies including AI, machine learning and precision medicine

      TechnologySeptember 15, 2019
      Construction workers on a site off Sheikh Zayed Road in Dubai. The UAE Construction Think Tank has gathered together some of the biggest names in the industry. Victor Besa/ The National
      New UAE construction think tank calls for fairer contract laws

      Power is currently too heavily weighted in favour of clients, new white paper argues

      PropertySeptember 14, 2019
      The Hong Kong Stock Exchange has launched a £31.6 billion bid for the London Stock Exchange. Reuters.
      Hong Kong stock exchange launches £31.6bn takeover bid for London Stock Exchange

      Bid is a 23 per cent premium to LSE's closing price on Tuesday

      MarketsSeptember 11, 2019
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