Mary Sophia

ARTICLES

1 year ago

Dubai’s Landmark Group To Inject $13.2 Million Into Carluccio’s Rescue Plan

Dubai-based retail firm Landmark Group will be reportedly investing close to $13.2 million to rescue struggling U.K.-based Italian restaurant chain Carluccio’s. Carluccio’s could be shutting down as...
1 year ago

UAE Billionaire B.R. Shetty Joins the Gates-Buffet Giving Pledge, Donates Half His Wealth

Three UAE business tycoons have signed the Giving Pledge, an initiative that prompts the world’s wealthy to donate half or more than half of their wealth to charitable causes. The Giving Pledge was...
1 year ago

Saudi's Almarai To Invest $2.8 Billion Over Next Five Years

Saudi Arabia-based Almarai, which is one of the Gulf’s largest diary producers, is planning to invest up to SAR 10.6 billion ($2.8 billion) between 2019 and 2023 in a business plan that is aimed at...
1 year ago

Mohamed Salah’s Champions League Injury Puts His World Cup Appearance In Doubt

Egyptian forward Mohamed Salah’s injury during the finals of the Champions League could force him off field for a while after reports emerged that his injury was serious. Liverpool manager Jurgen...
1 year ago

SABB-Alawwal Merger To Help RBS Exit Its Operations In Saudi Arabia

A merger of two Saudi lenders – Alawwal Bank and Saudi British Bank – is likely to help Royal Bank of Scotland Group PLC (RBS) sell its stake in Alawwal Bank and wrap up its operations within the...
1 year ago

U.A.E. Remittances To India Surge As Rupee Continues To Dip

Over the last month, the Indian rupee has been weakening as the U.S. dollar gained strength. Although it might be bad news for India’s fiscal state, money exchange houses and banks within the U.A.E....
1 year ago

Mubadala Sells Its Stake In EMI Music Publishing To Sony For $1.9 Billion

Abu Dhabi-based Mubadala Investment Company is selling its 60% stake in EMI Music Publishing to Sony Corporation of America, a wholly owned subsidiary of Sony for a sum of $1.9 billion. Post the...
1 year ago

Artificial Intelligence To Add $182 Billion To U.A.E.’s Economy By 2035

Artificial intelligence or AI as it is more commonly referred to will have a strong economic impact in the U.A.E., a new study has found. According to a report by Accenture, AI will boost economic...