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Shweta Jain

Shweta Jain

Assistant Business Editor

Articles

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

May 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

May 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

May 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

May 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

May 16, 2025
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

May 12, 2025
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

May 09, 2025
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

May 08, 2025
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

May 08, 2025
Saudi Aramco's oilfield in the Empty Quarter, Shaybah, Saudi Arabia. Reuters
Oil sinks as Saudi Arabia cuts prices ahead of Opec+ output boost

On Sunday, the world’s leading oil exporter sharply cut May crude prices for its Asian buyers

April 07, 2025
Most markets in the Middle East were down at close on Monday.
Middle East markets tumble after sharp fall in Asia

Gulf markets close down after clawing back some losses

April 07, 2025
Oil tanker trucks outside an oil refinery in Mumbai. Indian refiners have rushed back to the market to seek crude supply. Bloomberg
Oil prices fall to lowest level since 2021

Oil posts biggest weekly decline since 2023 as China announces retaliatory tariffs on US

April 04, 2025
About half of all cars sold in America last year were imported. Reuters
Trump’s tariffs to raise car prices and disrupt industry supply chains

Move aimed at 'turbocharging domestic car manufacturing' is almost certain to backfire, expert warns

March 27, 2025
Visitors outside the Louvre Abu Dhabi. Moody's says geopolitical risks are partly mitigated by Abu Dhabi's very large government financial assets that support the government's capacity to absorb shocks. Khushnum Bhandari / The National
Moody’s affirms UAE’s rating as diversification efforts strengthen

Emirates is moving economy away from oil by developing sectors such as technology, manufacturing, tourism and trade

March 21, 2025
The UAE Central Bank expects the pace of economic expansion in the country to accelerate to 4.5 per cent this year. Wam
UAE Central Bank follows Fed move to keep interest rates unchanged

The base rate for the overnight deposit facility was maintained at 4.40 per cent

March 19, 2025

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