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Michael Fahy

Michael Fahy

Location

Articles

The building is due for completion in 2020, and is one of more than a dozen hotel projects being developed by Wasl in the run-up to 2020. Courtesy Wasl Asset Management Group
Arabtec wins Dh1.46bn contract to build tower in Dubai

The 63-storey, 300 metre-high building will house a Mandarin Oriental hotel and serviced residences, as well as a series of vertical gardens designed by Amsterdam-based UN Studio.

PropertyMay 21, 2017
Abraaj Group chief executive Arif Naqvi said that in Mena, the 'government is a regulator, a manager, an investor and it is the law-giver'. Jakob Polacsek / World Economic Forum
WEF meeting: Abraaj’s Naqvi says government’s role in attracting investment is most critical in early stage

Arif Naqvi, the chief executive of private equity firm Abraaj, said 'governments in the 21st century should be in the business of government, not management'.

BusinessMay 21, 2017
From left: Yann Zopf of World Economic Forum, Selim Eddé of Google, Patricia McCall on Insead and Bruno Lanvin of Insead during the launch of the Mena Talent Competitiveness Index report. Salah Malkawi for The National
Region’s ‘youth bulge’ a priority if employment gap is to be filled

Insead’s global indices director, Bruno Lanvin, said that the size of the region’s young population – 60 per cent are under 25 – is 'an asset for the region and a huge gap in terms of employment'.

BusinessMay 21, 2017
Sheikha Bodour bint Sultan Al Qasimi. Jakob Polacsek / WEF
WEF meeting: Sheikha Bodour to chair World Economic Forum’s regional business council

Sheikha Bodour, who chairs Sharjah’s Investment and Development Authority (Shurooq), is the first woman to be appointed as chair of the council.

BusinessMay 21, 2017
Crown prince Hussein bin Abdullah of Jordan addresses the opening session of the World Economic Forum at the Dead Sea resort of Shuneh, west of the Amman, on May 20, 2017. Khalil Mazraawi / AFP
Region’s youth caught between two tides, Jordanian crown prince says

Choice is between extremism and regression on the one hand and moderation and progress on the other, Prince Hussein bin Abdullah tells WEF opening session.

WorldMay 20, 2017
Klaus Schwab, founder and executive chairman of the World Economic Forum, speaks at the opening ceremony of the World Economic Forum on the Middle East and North Africa at the Dead Sea. Muhammad Hamed / Reuters
WEF meeting: Middle East needs reform for start-ups to take off, World Economic Forum hears

'Where we are short in the region is enabling these start-ups to really take-off and develop in an environment which is favourable for growth.'

BusinessMay 20, 2017
The impact of job automation in the region could be challenging and nearly half of all work activities in the UAE. Silvia Razgova / The National
Disruptive future for Mena jobs, according to WEF

The Fourth Industrial Revolution will result in the growth of wholly new occupations, decline in some occupations, new skills requirements in all jobs, new ways of organising and coordinating work, and new tools to augment workers’ capabilities.

BusinessMay 18, 2017
Sheikh Zayed Road in Dubai. Developers are accused of looking too short-term when designing buildings. Reem Mohammed / The National
Think outside the glass box when building in the UAE, says architect

Aesthetic is more important to developers than efficiency, says the panel.

PropertyMay 17, 2017
Courtesy Oryx Solar
Solar panel demand in Dubai dampened by red tape

Solar panel systems for villas often take up to three months to install, says the contractor.

BusinessMay 17, 2017
Provision for money owed weighs on Drake & Scull International first quarter

The company wrote down Dh572 million in amounts due from customers on contract balances.

PropertyMay 16, 2017
The £17 million estate is spread over 43.67 hectares of land, containing a 17th century farmhouse at its core, which enjoys a Grade II heritage listing status from English Heritage. Courtesy Savills
The Dh80m country house estate near London comes with a rich history

The huge estate comes with 10 cottages, a large stables and hectares of formal gardens and parklands.

BusinessMay 04, 2017
Hill International chief executive departs

David Richter had been chief executive since 2014, taking over from his father, Irvin Richter, who founded the project management company back in 1976.

PropertyMay 04, 2017
Residential rents have dropped by 8 per cent year-on-year according to CBRE. Christopher Pike / The National
Weak demand and increasing supply hurt prospects for Abu Dhabi property

Weak demand and increasing supply pushes down prospects for the remainder of 2017.

PropertyMay 03, 2017
Arabtec plans to get rights issue sorted this month

The issue will open for subscribers on Monday, May 15, and close by Sunday, May 28.

PropertyMay 02, 2017
From left: Federico Marchetti, chief executive of Yoox Net-A-Porter Group, Rashid Alabbar, chairman of the joint venture between Symphony Investments and Yoox Net-A-Porter, and Mohamed Alabbar, chairman of Symphony Investments, discuss their joint venture during an interview with The National. Satish Kumar / The National
Yoox Net-A-Porter joint venture for region to begin operations next year

The decision to launch locally through a joint venture offers the advantage of local retail expertise, says Federico Marchetti, Yoox Net-a-Porter Group’s chief executive.

BusinessMay 02, 2017
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