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Aarti Nagraj

Aarti Nagraj

Aarti has over 15 years of experience working with digital, print, TV and radio news organisations in the UAE and India. Previously the editor of Gulf Business, she has interviewed several business leaders including Saudi’s Prince Alwaleed Bin Talal, GE chairman Jeff Immelt and Microsoft president Brad Smith, among others.
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Global oil demand is now expected to expand by 1.7 million barrels per day in 2022 to reach 99.2 million bpd, according to the IEA. Photo: Reuters
IEA trims oil demand outlook for 2022 and 2023

A worsening macroeconomic outlook and fears of a recession are hurting market sentiment while continuing risks remain on the supply side

EnergyJuly 13, 2022
Capt Mohamed Al Shamisi, managing director and group chief executive of AD Ports Group, right, and Naser Al Yammahi, deputy chief executive of Hayat Biotech sign the agreement. Photo: AD Ports Group
AD Ports to support Hayat Biotech expansion

The UAE pharma company, which produces the Hayat-Vax Covid-19 vaccine, aims to open manufacturing hubs worldwide

BusinessJuly 12, 2022
Oil prices have been extremely volatile this year. Bloomberg
Oil prices swing as traders assess recession fears amid supply constraints

Inflation and monetary policy tightening by central banks are driving up concerns about a contraction

EnergyJuly 07, 2022
Oil prices have remained extremely volatile over the past few weeks. Reuters
Oil prices steady after sharp decline on mounting recession fears

Brent plunged by 9.5% on Tuesday while WTI closed below $100 for the first time since late April

EnergyJuly 06, 2022
Tecom Group started trading on the DFM on Tuesday. Image: Tecom Group
Tecom Group begins trading on Dubai Financial Market

The Dubai company operates 10 business districts that are home to more than 7,800 companies

MarketsJuly 05, 2022
Mortgage rates in the US are experiencing their biggest rise, in real terms, in more than 15 years, the IIF says. AP
Global recession risk 'rising sharply' due to combination of shocks, IIF says

Rapid slowdown in US has pushed institute's global growth forecast from 'near zero into outright contraction'

EconomyJuly 02, 2022
President Sheikh Mohamed and Indonesian President Joko Widodo at the signing of the Comprehensive Economic Partnership Agreement. @MohamedBinZayed / Twitter
UAE and Indonesia sign comprehensive economic partnership agreement

The deal is expected to boost bilateral non-oil trade to $10 billion in the next five years and create thousands of new jobs

EconomyJuly 01, 2022
A Union Coop branch at Etihad Mall in Dubai. Reem Mohammed / The National
Union Coop to become first UAE retail co-operative to list on DFM

Trading on the Dubai bourse will begin on July 18 and its share price will be determined on the first day

MarketsJuly 01, 2022
A man carries a cooking gas cylinder in Galle, Sri Lanka. The country has decided to limit distribution of fuel to essential services until July 10. Bloomberg
Sri Lanka's economic reform progress hailed by IMF

Lender has not yet committed to offer funding to island nation, which is grappling with its worst economic crisis since independence

EconomyJune 30, 2022
A food delivery courier passes a commercial premises put up for rent in Moscow. A series of punitive measures have been imposed by western countries to incapacitate Russia economically. AFP
What a Russian forced debt default means and what comes next?

Moscow insists it has repaid the eurobond payments in roubles using its own settlement system - which is not recognised internationally

MarketsJune 27, 2022
A coal-fired power plant in Peitz, Germany. Most of the coal plants that the country plans to bring back burn hard coal. Bloomberg
Europe turns to coal to replace Russian gas amid energy crisis

About 10 gigawatts of coal-fired capacity is expected to be brought back to the market this year, Rystad Energy says

EnergyJune 24, 2022
A petrol station in California. US President Joe Biden called on Congress to suspend the federal petrol tax for three months. Bloomberg
US 'gas tax holiday' unlikely to support oil market in long term, Rystad says

Consultancy says the best way to rebalance supply and demand is to let the market work itself out

EnergyJune 23, 2022
The UAE raised $4 billion last year through the issuance of multi-tranche sovereign bonds. AFP
UAE to issue dollar-denominated sovereign bonds

Both the 10-year and 30-year tranches will be of benchmark size, Ministry of Finance says

EconomyJune 23, 2022
ADQ Growth Lab aims to support UAE’s transformation into a knowledge-based economy. Shutterstock
ADQ launches Growth Lab to support R&D with $27.2m planned investment

The Abu Dhabi holding company will allocate more funds to fast-track trial and adoption of AI and automation

TechnologyJune 22, 2022
A SpaceX Falcon 9 rocket lifts off from Cape Canaveral Space Force Station. AP
Abu Dhabi’s IHC to invest another $25m in Elon Musk's SpaceX

International Holding Company first acquired a stake in the aerospace company in 2020 through a private equity fund

BusinessJune 22, 2022
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