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Shweta Jain

Shweta Jain

Assistant Business Editor

Articles

Striking Air Canada cabin crew at Vancouver International Airport in Richmond, British Columbia. Reuters
Dubai travellers tell of days in limbo due to Air Canada strikes

Airline says deal reached with cabin crew but warns it will take a week to return to normal

AviationAugust 19, 2025
Adnoc Distribution has pledged to expand further, supported by continued growth in the UAE's economy. Photo credit: Adnoc Distribution
Adnoc Distribution's first-half profit up 12% on higher fuel volumes

Company plans to add 60-70 new fuel stations by the end of 2025, with majority of those in Saudi Arabia

EnergyAugust 07, 2025
Ruwais LNG plant in Abu Dhabi. Adnoc Gas has signed three deals with Indian companies in the past year. Photo: Adnoc
Adnoc Gas signs 10-year LNG supply agreement with India’s Hindustan Petroleum

Company to supply 500,000 metric tonnes per annum of natural gas to India’s fuel retailer

EnergyAugust 04, 2025
China's Cosco Shipping Ports operates a major container terminal via a joint venture at Khalifa Port. Reuters
AD Ports sets up China office to serve emerging trade corridors

Beijing office will help advance Abu Dhabi group’s presence along China’s Belt and Road network

EconomyJuly 24, 2025
The Central Bank has imposed penalties related to the law on anti-money laundering and counter-terrorism financing. Nicole Hill / The National
UAE Central Bank fines three exchange houses Dh4.1 million

Move comes as banking regulator cracks down on regulatory non-compliance

BankingJuly 07, 2025
The Dubai Land Department and Crypto.com deal seeks to create digital ecosystem that enables investor verification, custody, settlement and real estate tokenisation. Antonie Robertson/The National
Dubai Land Department partners with Crypto.com for virtual property investment

Move brings emirate a step closer to the buying and selling of property with cryptocurrencies

PropertyJuly 06, 2025
Tony Fernandes, founder and chief executive of AirAsia, said a Gulf regional hub will connect people in South-East Asia with Europe. Reuters
AirAsia considering Ras Al Khaimah or Saudi Arabia for Gulf hub, CEO says

Malaysian budget airline has shortlisted four airports in the region, according to Tony Fernandes

AviationJune 30, 2025
A model of a carbon capture and storage system designed by Australia's Santos. The company owns LNG, pipeline gas and oil assets. Reuters
Adnoc’s XRG leads $19bn bid to buy Australian gas producer Santos

Offer price set at $5.76 per share to acquire all of the ordinary shares in Santos

EnergyJune 16, 2025
A pump jack at an oilfield in Midland, Texas. Oil prices have risen after Israel's strikes on Iran. Reuters
Oil prices surge after Israel's strikes on Iran

Brent and WTI crude futures settle around $74 a barrel after spiking more than 13% in immediate aftermath

EnergyJune 13, 2025
Firefighters work at the site of the Air India Flight 171 crash in Ahmedabad in Gujarat, India. AP
Boeing shares drop after Air India crash

787-Dreamliner plane carrying 242 people crashed shortly after take-off in Ahmedabad

AviationJune 12, 2025
The rigs are expected to commence operations around the end of the second quarter of 2025 and will be equipped with AI and digitalisation capabilities. Photo: Adnoc
Adnoc Drilling secures $1.15bn offshore contract

The 15-year contract for two advanced rigs brings company's total awards to $3.6bn in just over a month

EnergyMay 27, 2025
Visitors board an Air Arabia plane. Those who want to use AE Coin to book a flight will need to download the AEC Wallet app from the App Store or Google Play. Chris Whiteoak / The National
Air Arabia to let customers pay with AE Coin

Sharjah-based budget airline joins forces with Mbank to allow stablecoin payments

AviationMay 26, 2025
Etihad is continuing its fleet expansion and last week placed an order for 28 Boeing jets. Photo: Etihad Airways
Etihad Airways Q1 profit surges 30% to 'record' on strong traffic growth

Abu Dhabi airline carried five million passengers during the January-March period

AviationMay 21, 2025
Over the next five years, Adnoc plans to channel an additional Dh200 billion into the UAE economy through its ICV programme. Victor Besa / The National
Adnoc awarded contracts worth $17.9bn in first half of 2025

Agreements benefitted nearly 400 local suppliers, contractors and service providers

BusinessMay 18, 2025
President Donald Trump and Saudi Crown Prince Mohammed bin Salman pose for a photo at the Saudi-US Investment Forum in Riyadh on Tuesday. AP Photo
Donald Trump's Gulf tour ends with trillions of dollars in deals

US and Qatar signed deals to generate an economic exchange worth at least $1.2 trillion

EconomyMay 16, 2025
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