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Shweta Jain

Shweta Jain

Assistant Business Editor

Articles

Saudi Arabia's female labour force participation rate has nearly doubled from 2016 to 2022, according to S&P estimates. Reuters
Expanding female workforce could boost Saudi Arabia's economy by $39bn

Participation of women in the labour force increased to almost 36% in 2022, up from 19% in 2016

EconomySeptember 22, 2023
Four major private-sector agreements between the UAE and the Chinese province of Hainan were signed. Photo: Ministry of Economy
UAE and China’s Hainan province sign deals in several sectors

Bilateral non-oil trade between the UAE and Hainan reached $900 million in 2022, according to the Ministry of Economy

EconomySeptember 15, 2023
British and Omani officials hold a meeting to explore avenues of joint collaboration. Photo: British embassy in Oman
GCC and UK aim to boost trade as top ministers meet in Oman

A free trade agreement could boost opportunities for British companies to enter the Gulf markets and make it easier for GCC nations to gain access to UK expertise across sectors

EconomySeptember 14, 2023
Ross Veitch, chief executive and co-founder of Wego (left) and Prashant Kirtane, chief executive and co-founder of Travelstop. Photo: Wego
Wego buys Singapore’s Travelstop to expand into business travel

The move will allow the two companies to combine their resources and expertise

Travel and TourismSeptember 12, 2023
The Dubai skyline. The emirate's S&P Global purchasing managers' index reading stood at 55 in August. Reuters
Dubai's non-oil economy maintains 'robust' momentum in August

Data signals a sharp improvement in operating conditions

EconomySeptember 11, 2023
Climate change is a threat to global peace, security, economic stability and development, the heads of the IMF and the World Bank said. Reuters
IMF and World Bank pledge stronger collaboration on climate

The two entities also plan to strengthen co-operation in areas of debt and digital transition

EconomySeptember 07, 2023
Delegates at the Africa Climate Summit at the Kenyatta International Convention Centre in Nairobi, Kenya, on Monday. Bloomberg
UAE Carbon Alliance to buy $450m in African credits by 2030

Move is aimed at fostering more integrated and efficient carbon market mechanisms between the two regions

EnergySeptember 04, 2023
Masdar lists its first green bond on the London Stock Exchange. Photo: Masdar
Masdar lists its debut $750m green bond on London Stock Exchange

Move is first part of the company's programme to raise up to $3 billion to meet its equity funding commitments on new renewable energy projects

MarketsAugust 07, 2023
An Adnoc Drilling rig at Upper Zakum. Photo: Adnoc
Adnoc Drilling records 11% rise in second-quarter profit on higher revenue

Revenue during the reporting period rose by more than 8 per cent to $724 million

EnergyAugust 04, 2023
RAK Ceramics' revenue in the first half of 2023 increased by nearly 3 per cent to Dh1.75 billion. Photo: RAK Ceramics
RAK Ceramics' Q2 profit drops as revenue falls

Revenue during the quarter fell by 6 per cent year-on-year to Dh872 million

MarketsAugust 04, 2023
Americana, founded in Kuwait in 1964, introduced fast-food restaurants in the region in 1970. Photo: Americana
Americana's second-quarter profit surges to $86.6 million

Company's revenue increased nearly 14% in the three-month period

MarketsAugust 03, 2023
The Beehive deal is geared to help address the lending gap in the SME industry and open up a stream of growth for e& enterprise. Photo: E-Vision
Abu Dhabi's e& enterprise concludes acquisition of majority stake in Beehive

The company will acquire 63.3% of the lending platform for $23.6 million

TechnologyAugust 01, 2023
Hamad Al Ameri, chief executive and managing director of Alpha Dhabi, and Ebru Ozdemir, chairperson of Limak Group, sign the initial agreement to drive sustainable development in the UAE and Turkey. Photo: Alpha Dhabi Holding
Alpha Dhabi and Turkey’s Limak to explore investment opportunities

The companies will explore joint ventures in areas including construction, development, infrastructure, energy and hospitality

EconomyJuly 20, 2023
Emirates Development Bank's asset portfolio rose to Dh13.7 billion in 2022, from Dh9.1 billion in 2020. Photo: EDB
EDB contributed $953m to UAE's GDP and helped create 12,000 jobs

State-owned lender aims to provide Dh30 billion in support to 13,500 companies by 2026

EconomyJuly 20, 2023
Egypt's largest wind farm in Zafarana produces 545MW. Victoria Hazou / The National
Saudi Arabia's Acwa Power secures land in Egypt for one of region's largest wind farms

The project will be built on about 3,000 square kilometres of land west of the city of Sohag

EnergyJuly 17, 2023
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