R Swathi

267 published stories

R Swathi is a reporter for Business Tabloid specializing in banking, technology, and energy sectors, hailing mostly across the regions of Middle East and Asia Pacific. She exhibits a profound passion for consistent learning and personal growth.

Banking

Ajman Bank Launches Skyrise Properties, Debuts in Real Estate Industry

Islamic financial institution Ajman Bank launched its real estate subsidiary Skyrise Properties on Thursday, aiming to expand in the real estate asset management market. The newly launched real estate firm will be based in UAE and operate as an autonomous entity with its own distinct identity, systems, and team, said Ajman Bank. Mohammed Al Shamsi, […]

R Swathi4 January 20241 min read

Technology

Hyundai, Kia Join Forces with Samsung to Connect Mobility, Residential Spaces

Motor vehicle manufacturers Hyundai Motor and Kia Corp, on Wednesday, collaborated with Samsung Electronics to provide car-to-home and home-to-car service to its customers, along with enhancing the connectivity between residential and mobility spaces. The firm said the newly built collaboration aims to integrate Hyundai and Kia’s connected car services and Samsung’s Internet of Things (IoT) […]

R Swathi4 January 20241 min read

Real Estate

Martela Group to Downsize Operations Size by About 6%

Architecture and planning company Martela Group, on Wednesday, said it will lay off about 6% of jobs to restructure its work operations due to challenging market situations leading to weakening its business volume and profitability. The firm said this planned action aims to improve the service experience of Martela’s customers as well as to mitigate […]

R Swathi3 January 20241 min read

Energy

Dragon Oil Initiates Crude Oil Production from Al Wasl Field

Energy firm Dragon Oil started production of crude oil from state-owned oil discovery Al Wasl field (also known as North Safa), in the Arab Republic of Egypt, on Tuesday. The firm said it is set to drill seven new wells over the next two years as per the agreed plan with Egyptian authorities to achieve […]

R Swathi3 January 20241 min read

Energy

TAQA, Vision Invest with GIC Consortium Bags Strategic Water Reservoir Project in Makkah

Energy and water firm TAQA signed a consortium with Saudi Water Partnership Company (SWPC) for Juranah Independent Strategic Water Reservoir Project (ISWR-1) in Saudi Arabia, on Tuesday. The consortium includes three firms in all, which are Vision International Investment (Vision Invest), development and investment holding company along with Gulf Investment Corp (GIC), financial service provider […]

R Swathi2 January 20241 min read

Energy

NextEra Energy Partners Sells Texas Natural Gas Pipeline Portfolio for $1.82 Bln

Renewable energy firm NextEra Energy Partners, on Thursday, sold its Texas natural gas pipeline portfolio for $1.82 billion in cash to oil and gas firm Kinder Morgan. The firm said the gas pipeline portfolio consists of seven pipelines supplying natural gas to Mexico, as well as to power producers and municipalities in South Texas. The firm said […]

R Swathi29 December 20231 min read

Technology

Yango Initiates Beta Testing of Yasmina, Humanoid in Saudi Arabia

Digital firm Yango Tech, on Wednesday, started public beta testing of its human-like AI assistant Yasmina, where the firm will now welcome the general public to enroll to interact with Yasmina. Dubai-based company launched this Arabic-speaking, human-like AI assistant in mid-October. The firm said this AI-based assistant is equipped to understand Arabic dialects and respond […]

R Swathi21 December 20231 min read

Leadership

Metals Acquisition Appoints Morné Engelbrecht as CFO

Mining firm Metals Acquisition Ltd (MAC) appointed Morné Engelbrecht as its new chief financial officer on Wednesday, taking over from Dan Vujcic, interim CFO, effective February 10, 2024. The newly appointed financial chief, in his 23 years of professional career has served multiple leadership roles pertaining to the resources industry like mining, oil, and gas. […]

R Swathi21 December 20231 min read

Energy

Department of Energy in Abu Dhabi Collaborates with SGCC for Efficient Smart Energy

The Department of Energy in Abu Dhabi signed a memorandum of understanding (MoU) with State Grid Corporation of China (SGCC), on Tuesday, to build a strong, highly efficient smart energy and power system to utilize diversified sources in the clean and renewable energy sector. The Department of Energy said the partnership aligns with the overall […]

R Swathi20 December 20231 min read

Real Estate

IWBI Join Forces with GRESB to Accelerate Social Sustainability

The real estate firm International WELL Building Institute (IWBI) collaborated with sustainability firm in real estate and infrastructure GRESB on Tuesday, to accelerate social sustainability by improving reporting and disclosure capabilities across key social factors, including health, equity and well-being. The firm said the newly built partnership aims to develop resources to help investors, companies […]

R Swathi20 December 20231 min read

Energy

Vance Street Capital Sells Terra Insights to Orica for 505 Mln CAD

Private equity firm Vance Street Capital, on Tuesday, signed a binding sale and purchase agreement worth 505 million Canadian dollars ($378.2 million) to sell its subsidiary firm Terra Insights to Orica, a mining firm. Vancouver-based Terra Insights is an end-to-end sensor-to-cloud data delivery platform, which provides customized engineer solutions to site-specific problems. The firm also […]

R Swathi20 December 20231 min read

Energy

Mubadala Energy Discovers Gas Presence in South Andaman, Indonesia

Oil and gas firm Mubadala Energy discovered gas presence from the exploration of well Layaran-1 at South Andaman, about 100 kilometres offshore of North Sumatra, Indonesia. Abu Dhabi-based firm said the well investigated a substantial gas column, measuring over 230 meters in thickness within an Oligocene sandstone reservoir. Through wireline, coring, sampling, and production tests […]

R Swathi19 December 20231 min read