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Shweta Jain

Shweta Jain

Assistant Business Editor

Articles

The Qureos team. The UAE-based company helps students and recent graduates to learn the skills required by future employers through project-based experiences. Photo: Qureos
How Qureos is bridging gap between talent and companies

The UAE EdTech platform’s AI recruitment tool Iris has the potential to reduce time-to-hire and slash recruitment costs by up to 43%, company says

BusinessJuly 17, 2023
Dubai's economy is estimated to have grown 5 per cent last year and is forecast to increase by 3.5 per cent in 2023, according to Emirates NBD. AP
Dubai growth 'buoyed by strong 2023 tourist numbers'

Emirate hosted more than 8.5 million international visitors in the first six months of the year

EconomyJuly 16, 2023
The World Bank's offices in Washington. The lender said in March that global growth is set to slump to a three-decade low by 2030. Reuters
Higher rates to slow global growth in 2023, World Bank says

The world economy is set to expand by 2.1% this year, slower than 3.1% in 2022, and will recover to 2.4% next year

EconomyJune 06, 2023
EGA chief executive Abdulnasser bin Kalban, left, signs agreements in the presence of Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and President-designate of Cop28. Photo: EGA
EGA deals could lead to $272m in industrial investments in UAE

The initial deals are with Sunstone in China and VCI in India

EconomyJune 01, 2023
Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, Mehmet Mus, Turkey's Minister of Trade, and Abdulla bin Touq, Minister of Economy, in Abu Dhabi at the time of signing the Cepa. Victor Besa / The National
UAE and Turkey ratify Cepa deal

The agreement, signed in March, is hoped to help push bilateral non-oil trade beyond $40bn in the next five years

EconomyMay 31, 2023
First Abu Dhabi Bank is among the UAE lenders whose profitability improved in the first quarter of 2023. Chris Whiteoak / The National
First-quarter profit of UAE’s top 10 banks up 35% on lower impairments

Their aggregate net income hit $5 billion in the January-March period, consultancy Alvarez & Marsal says

BankingMay 29, 2023
An aerial shot of Khalifa Port. Photo: AD Ports Group
AD Ports and Brazil's Vale plan mega steel hub in Abu Dhabi

The hub's industrial complexes will produce low-carbon products

EconomyMay 24, 2023
Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and President-designate of Cop28, at the African Development Bank 2023 Annual Meetings in Sharm El Sheikh, Egypt. African Development Bank / Twitter
Cop28 President-designate calls for boost to climate finance for Africa

Cop28 President-designate urges developed nations to deliver $100 billion in climate finance pledged more than a decade ago

EnergyMay 23, 2023
Workers on board an Adnoc Logistics & Services vessel. The company's shares are expected to begin trading on the ADX on June 1. Photo: Adnoc
Adnoc L&S IPO: Company increases shares on offer

Retail portion of initial public offering has been raised to more than 1.4 billion shares from 1.1 billion, equal to 19% of total shares on offer

MarketsMay 22, 2023
Mubadala Investment Company last year invested in sectors including life sciences, renewable energy and digital infrastructure. Photo: Mubadala
Mubadala invested more than $29bn in 2022

Abu Dhabi investment arm received nearly $29bn in proceeds during the year by monetising assets at strong valuations as assets swelled to $276bn

EconomyMay 19, 2023
The shares of Adnoc L&S are expected to begin trading on the ADX on June 1. Photo: Adnoc
Adnoc's logistics and shipping unit set to raise up to $607 million from IPO

Company may have a market value at listing that is between $4.01 billion and $4.05 billion

MarketsMay 16, 2023
International Holding Company has become one of the most valuable listed holding companies in the Middle East. Photo: IHC
IHC's first-quarter net profit surges more than 63% on strong performance in key areas

Revenue during the three-month period climbed to $4.27 billion

EconomyMay 11, 2023
The latest auction received strong demand through the eight primary bank dealers, the government said. Silvia Razgova / The National
UAE’s first auction of Islamic treasury bonds in 2023 oversubscribed 7.6 times

T-sukuk will be issued in two, three and five-year tenures, with a 10-year sukuk offered at a later date

EconomyMay 10, 2023
Union Properties unveiled a Dh1.6 billion development in Motor City in December 2022. AP
Union Properties swings to $3.3m Q1 profit on turnaround success

Revenue jumped 16% annually in the three-month period, driven by strong subsidiary performance

PropertyMay 10, 2023
Agthia Group products. Photo: Agthia
Agthia's first-quarter profit up 6% on higher revenue growth

Abu Dhabi food and beverage company's revenue grew by more than 12% annually in the three-month period

MarketsMay 09, 2023
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