Michael Fahy, The National

Michael Fahy

The National

United Arab Emirates

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Past articles by Michael:

Finablr in sale talks with Israel's Prism Advance Solutions

The deal, which will restructure and settle its debts, is set to conclude within a month → Read More

Administrators appointed to NMC Healthcare's UAE operations

Decision means the company will be able to pay salaries of its employees → Read More

Saudi Arabia's economy set to grow 2.3 per cent next year

Loans to private sector, point of sale transactions and other data indicate rebound is already under way → Read More

NMC Health investigation hampered by destruction of 'thousands' of documents, report claims

Witness statement by acting chief executive Michael Davis says fraud at healthcare company allegedly ran for at least eight years → Read More

Microsoft to buy creator of Doom and Fallout games for $7.5bn

The gaming industry is set to generate revenue of $159.3bn this year, according to Newzoo → Read More

Generation Start-up: Addenda founders say 'hala' to new business model

Brothers who started a blockchain-based insurance concept see more value in building a broader digital insurance platform → Read More

Dubai and Israel diamond exchanges sign collaboration pact

Agreement 'unlocks huge potential' for both parties, says DMCC chairman → Read More

Abu Dhabi Investment Office to open its first international outpost in Israel

Investment agency plans more offices in Europe, North America and Asia → Read More

Investcorp and China Resources take majority stake in Hong Kong food retailer

City Super Group's management will remain in place to oversee regional expansion of the business following the deal → Read More

Drake & Scull appoints new CEO and CFO

Munir Mansour is the company's first chief executive since April 2019 when former head Tawfiq Abu Soud left after three months → Read More

Adnoc deal paves way for more global institutions to invest in UAE property, experts say

Investment by asset managers in the country is still below global levels, but this could change if GREs decide to monetise non-core assets → Read More

Elon Musk overtakes Mark Zuckerberg to become world's third-richest person

The net worth of Tesla's founder increased by $87.8bn so far this year on the back of his stake in the car maker → Read More

Conares owner plans new steel mill after gaining licence for onshore business

The company has operated from the offshore Jebel Ali Free Zone since 1988 → Read More

NMC Health faces legal action from IVF clinics founders

Michael Fakih's Pine Investments is seeking the restitution of a 49% stake sold to the company for Dh753m two years ago → Read More

NMC hopes turnaround plan will shift focus from past events to its future as a key healthcare player

The company generates about 80 per cent of its earnings in the UAE, Michael Davis says → Read More

NMC Health sets out three-year turnaround plan focused on UAE and Oman operations

The company has sold or closed most of its trading arm and is looking to offload most of its international businesses → Read More

Saudi Arabia's PIF invests $4.65bn into energy, utilities and property ETFs in second quarter

More than $370bn has flowed into exchange trade funds so far this year → Read More

Samba Financial gains approval for DIFC branch

The lender gained approval to offer 'selected financial services to professional clients and market counterparties' from the financial free zone → Read More

Italian FinTech partners with Abu Dhabi company on scheme to offer loans

Agreement between Supply@ME and iMass investments will trial an inventory monetisation programme with Abu Dhabi-based manufacturers and lenders → Read More

How a rising German FinTech star crumbled

Wirecard's collapse offers lessons for regulators around the world → Read More