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Shweta Jain

Shweta Jain

Assistant Business Editor

Articles

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
Shweta Jain
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
Shweta Jain
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
Shweta Jain
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
Shweta Jain
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
Kyle Fitzgerald
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
Shweta Jain
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
Shweta Jain
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
Shweta Jain
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
Aarti Nagraj
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
Shweta Jain
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
Deena Kamel
US Treasury Secretary Scott Bessent, left, and Trade Representative Jamieson Greer after tariff talks with Chinese officials in Geneva. Mr Bessent said discussions were 'robust and productive'. AFP
US and China agree to lower tariffs for 90 days

Move by world's two largest economies boosts stocks and oil prices

EconomyMay 12, 2025
Shweta Jain
ADGM building in Al Maryah Island, Abu Dhabi. The financial centre has been strengthening its position as the fastest-growing international financial centre in the Middle East. Ruel Pableo for The National
Abu Dhabi’s IHC and BlackRock set up $1bn reinsurance company

Platform will be based in ADGM and serve global markets, while maintaining a strategic focus on Middle East and Asia

EconomyMay 09, 2025
Shweta Jain
The Mubadala building in Abu Dhabi. Mubadala's capital deployed across various sectors grew 33.7 per cent year-on-year to Dh119 billion. Victor Besa / The National
Mubadala asset base grows to $326bn on AI and future-focused investments

Abu Dhabi’s sovereign investor's annualised five-year return on investments hit 10.1 per cent in 2024

BusinessMay 08, 2025
Shweta Jain
An Emirates Boeing 777. The airline's revenue rose by 6 per cent to Dh127.9 billion ($34.9 billion). Getty Images
Emirates posts record $5.2 billion annual profit on bumper travel demand

Dubai-based airline's revenue rose 6 per cent to $34.9 billion

AviationMay 08, 2025
Aarti Nagraj
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