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Shweta Jain

Shweta Jain

Assistant Business Editor

Articles

General view of Sharjah. Photo: Department of Statistics and Community Development
Sharjah’s economy grew 5.2% in 2022

Emirate’s wholesale and retail trade sector recorded highest annual growth rate of 24% last year

EconomyMay 09, 2023
UAE Minister of Energy and Infrastructure Suhail Al Mazrouei said he is more worried about the investment required in the coming years. Antonie Robertson / The National
Opec+ cuts aimed at balancing oil market, UAE minister says

The producers' group announced a combined output reduction of 1.16 million bpd from May until the end of the year

EnergyMay 09, 2023
Yahsat offers multi-mission satellite services in more than 150 countries across Europe, the Middle East, Africa, South America, Asia and Australasia. Photo: Yahsat
Yahsat's Q1 net profit jumps 35% on strong business performance

Company's revenue during three-month period reached Dh369 million

TechnologyMay 08, 2023
Dewa's net profit in the first quarter of 2023 rose by 1.25 per cent. Photo: Dewa
Dewa's Q1 profit rises on growing power and water demand

Revenue for the three-month period increased by more than 7%

EnergyMay 08, 2023
Emirates SkyCargo transports cargo to 150 destinations across six continents. Photo: Emirates
Emirates SkyCargo to double fleet in next decade

Freight arm of Dubai airline leases two new Boeing 747-F aircraft

AviationMay 08, 2023
Yango Deli Tech co-founder and chief executive Max Avtukhov. Photo: Yango Deli Tech
How Yango Deli tech is helping retailers succeed online

UAE-based tech company supports traditional retailers with expertise and tools to help them transform from brick-and-mortar to online trade

Start-UpsMay 08, 2023
Wizz Air Abu Dhabi operated more than 6,000 flights and carried more than 1.2 million passengers last year. Photo: Wizz Air
Wizz Air Abu Dhabi to launch recruitment drive amid regional expansion

Airline currently has 400 aviation professionals employed locally

BusinessMay 05, 2023
The Abu Dhabi Global Market. FSRA's move is aimed at encouraging investment in the Middle East’s private credit market. Alamy
ADGM financial regulator boosts private credit funds framework

The move by FSRA will allow for alternative financing for private enterprises, especially in the SME sector

MarketsMay 04, 2023
Airbus delivered a total of 127 commercial aircraft during the first quarter of 2022. AFP
Airbus first-quarter net profit plunges 62% on decline in deliveries

The European plane maker’s net income in the three-month period fell to $516 million

AviationMay 04, 2023
The subscriber base of e& in the UAE grew by 6 per cent annually to 13.9 million in the first quarter of 2023. Photo: E-Vision
UAE's e& posts $599m Q1 profit as subscriber base grows

Telecoms company posted $3.53 billion in revenue for the three-month period as it leveraged its 'flexibility' in the markets it serves

TechnologyMay 03, 2023
First Republic Bank had $14.9 billion in available cash on hand at close of business on April 28. Reuters
Stock exchange delists First Republic Bank shares

JP Morgan acquired First Republic's deposits on Monday after US regulators stepped in

MarketsMay 02, 2023
SNB's net profit for the three months to the end of March reached $1.33 billion. Reuters
Saudi National Bank’s first-quarter net profit rises 12% on higher operating income

Kingdom’s largest lender says its 9.88% shareholding in Credit Suisse will convert to approximately 0.5% share in UBS upon completion of the merger

BankingMay 01, 2023
The number of overnight international visitors to Dubai rose by 17 per cent annually in the first quarter of 2023. Bloomberg
Dubai welcomed 4.67 million visitors in first quarter

The emirate is focusing on new source markets in CIS, US, Africa and Latin America, DET chief says

Travel and TourismMay 01, 2023
Under chief executive Elon Musk, Twitter has cut most of its workforce and endured a number of public crises. AP
Twitter will allow publishers to charge users on a per article basis from May

Move will enable users who would not sign up for a monthly subscription 'to pay a higher per article price', chief executive Elon Musk says

TechnologyApril 30, 2023
Petrol prices for next month in the UAE have been announced. Victor Besa / The National
UAE petrol prices to rise in May 2023 while diesel to cost less

Motorists across the Emirates will pay more at the petrol pump next month

EnergyApril 30, 2023
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