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Shweta Jain

Shweta Jain

Assistant Business Editor

Articles

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

EnergyApril 07, 2025
Shweta Jain
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

MarketsApril 07, 2025
Sarmad Khan
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

EnergyApril 04, 2025
John Benny
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

EconomyMarch 27, 2025
John Benny
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

EconomyMarch 21, 2025
Shweta Jain
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

BankingMarch 19, 2025
Sarmad Khan
DP World has completed a $400m expansion at the Port of Callao in Peru. Photo: DP World
DP World reaps record $20 billion in revenue for 2024

Profit for the year decreased by 2 per cent to $1.5 billion due to higher finance costs

BusinessMarch 13, 2025
Shweta Jain
Etihad Airways' check-in counters at Abu Dhabi's Zayed International Airport. The airline launched more than 20 new destinations last year. Photo: Etihad Airways
Etihad Airways posts record 2024 profit on strong travel demand

Abu Dhabi airline’s full-year profit reached $467 million while total revenue grew by 25 per cent annually

AviationFebruary 19, 2025
Shweta Jain
Cosco and China Shipping containers at the Port of Miami. Concerns about US President Donald Trump’s trade policies and proposed tariffs on China are weighing on oil prices. Reuters
Oil prices record weekly drop as Donald Trump asks Opec to lower costs

US President told World Economic Forum if prices fell, Russia-Ukraine war would ‘end immediately’

EnergyJanuary 24, 2025
Shweta Jain
Riyadh Air will get its first wide-body jet in the third quarter of this year, with the first flight to launch shortly afterwards. Bloomberg
Riyadh Air launch pushed to Q3 after first Boeing 787 jet delivery delayed

Saudi carrier had originally planned to start operations in the middle of the year

AviationJanuary 16, 2025
Deena Kamel
Aldar-Expo City joint venture in Dubai. The Abu Dhabi developer aims to achieve net zero by 2050. Photo: Aldar
Aldar raises $2.45bn in syndicated revolving credit facility

The financing came from a syndicate of 15 UAE-based and international lenders

PropertyJanuary 13, 2025
Shweta Jain
People wait to receive their relatives at the arrival terminal, after a first international commercial flight since the fall of former Syrian President Bashar Assad landed at Damascus international airport, in Damascus, Syria, Tuesday, Jan. 7, 2025. (AP Photo / Omar Sanadiki)
International flights resume from Syria's Damascus airport

Syrian Air flights from the UAE fully booked until next week but many Middle East airlines hold off servicing the route for security reasons

UAEJanuary 06, 2025
Ali Al Shouk
Minerals Development Oman announced the export of the first shipment of copper concentrates from the Lasail Mine in the Wilayat of Sohar. Photo: Minerals Development Oman
Oman resumes copper exports after 30 years

Minerals Development Oman's export of copper concentrates from the Lasail Mine is encouraging, says analyst

MarketsJanuary 04, 2025
Shweta Jain
The Syrian pound is likely to face volatility in the short term, say analysts. AP
Syrian currency devaluation: What comes next?

Syrian pound has plummeted in value since fall of the Assad regime

MarketsDecember 09, 2024
Shweta Jain
The Digital City development in Riyadh. Saudi Arabia has announced a host of ambitious new projects as part of the overarching economic agenda. Bloomberg
Saudi Arabia forecasts budget deficit of $27bn in 2025

Revenue expected to be $314bn, while expenditure is projected at $344bn

EconomyNovember 26, 2024
Shweta Jain
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