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Shweta Jain

Shweta Jain

Assistant Business Editor
Shweta has over 25 years of experience working across print and digital platforms in the UAE and India, covering regional and global business, finance and economic policy. Previously the deputy business editor at Gulf News, she has interviewed business leaders across multiple sectors, including Donald Trump Junior, Virgin Airlines’ founder Sir Richard Branson and Emirates Airlines’ chairman Sheikh Ahmed bin Saeed, among others. At The National, she helps lead the newsroom’s business coverage, with a focus on engaging reporting and insightful analysis for readers across the Middle East and beyond.
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Articles

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
M42 will use its expertise in AI, genomics and tech solutions to advance Diaverum’s ability to deliver life-saving renal care. Photo: M42
M42 buys Diaverum to become region's largest healthcare provider

Acquisition expands global footprint of the newly established entity, enabling it to introduce its services in new markets while enhancing its renal care offering in the GCC

BusinessApril 19, 2023
The UAE will host the UN Cop28 summit from November 30 to December 12. EPA
UAE launches global competition for sustainability tech start-ups in the run up to Cop28

Companies will be offered a platform where they can meet investors and network with policymakers and industry partners

Start-UpsApril 18, 2023
Shamsa Al-Falasi has worked with Citi for nearly two decades. Photo: Citi
Citi appoints first Emirati woman chief for its UAE onshore operations

Shamsa Al-Falasi will also serve as chief administrative officer for lender's entire operations in the Emirates

BankingApril 18, 2023
Dewa was listed as a public company on the DFM in April last year. AFP
Dewa shareholders approve dividend payment of $1.29 billion

The Dubai utility achieved record results and delivered its best financial performance last year

MarketsApril 10, 2023
Mohamed Al Khaja, the UAE Ambassador to Israel, and Eli Cohen, Minister of Foreign Affairs of Israel, sign the agreement in the presence of Israeli Prime Minister Benjamin Netanyahu at the Prime Minister’s office in Jerusalem. Wam
UAE and Israel sign customs agreement to activate Cepa deal

Move will allow the Cepa deal, signed in May last year, to enter into force

EconomyMarch 27, 2023
Wind turbines outside Caledon, South Africa. Infinity Power aims to improve energy access across Africa, particularly in remote areas. Reuters
Infinity Power acquires Lekela Power in Africa's biggest renewable energy deal

Established in 2020 as a joint venture between Egypt’s Infinity and UAE’s Masdar, Infinity Power aims to develop solar and wind projects across Africa

EnergyMarch 20, 2023
Sheikh Maktoum bin Mohammed, Deputy Prime Minister, Minister of Finance and Deputy Ruler of Dubai, and Daniel Pinto of JPMorgan Chase discuss the vast new opportunities for banking and financial companies in the UAE. Photo: Dubai Media Office
Sheikh Maktoum and JPMorgan Chase president discuss bank's expansion plans

Dubai continues to provide one of the world’s best ecosystems for financial services companies to advance growth, Sheikh Maktoum says

BusinessMarch 15, 2023
An Amazon processing plant in UAE. The company has been actively investing in the country in recent years. Photo: Amazon UAE
Amazon UAE site to showcase 100,000 companies, including local SMEs, by 2026

The initiative will grant Emirati companies a global platform and is line with Dubai's D33 strategy, Sheikh Hamdan says

TechnologyMarch 14, 2023
Kitopi smart kitchen counters. The company raised $415 million in July 2021 in a funding round led by SoftBank. Photo: Kitopi
Dubai cloud kitchen company Kitopi acquires UAE food group AWJ

AWJ, the holding company for Operation Falafel, Catch 22, Awani and Sushi Do, among others, has a portfolio of more than 10 brands

BusinessMarch 02, 2023
First Abu Dhabi Bank headquarters. The bank reported a record 7 per cent rise in its 2022 net profit. Photo: FAB
FAB shareholders approve $1.56bn dividend for 2022

Lender also elects new board members at its general assembly meeting

MarketsFebruary 28, 2023
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