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.

Technology

ServiceNow to Acquire UltimateSuite for Mining, Intelligent Automation

Software developing firm ServiceNow signed a deal to acquire task mining company UltimateSuite, on Monday, to enhance the process of mining and intelligent automation across the Now Platform. The firm said this acquisition aims to strengthen automation and artificial intelligence (AI) capabilities to help its clients identify troubles and drive strong operational efficiencies. ServiceNow said […]

R Swathi19 December 20231 min read

Technology

IBM to Acquire Software AG’s StreamSets, webMethods Platforms

New York-based IBM signed a definitive agreement worth €2.13 billion ($2.33 billion) in cash, with Software AG to acquire tech platforms StreamSets and webMethods, on Monday, to accelerate their digital transformations, and effectively deploy AI across the enterprise. Tech firm said the platforms are Software AG’s Super iPaaS (integration platform-as-a-service) enterprise technology platforms. AG’s Super […]

R Swathi18 December 20231 min read

Finance

OneDegree Partners with Dubai Insurance for Digital Asset Insurance

The insurance firm OneDegree collaborated with its peer Dubai Insurance Co. on Monday to provide insurance for digital assets while supporting Web3 players in the United Arab Emirates (UAE) and the MENA region. The collaboration also aids clients in obtaining regulatory licenses in leading digital asset hubs across the world. The newly built partnership is […]

R Swathi18 December 20231 min read

Real Estate

WP Carey to Extend, Upsize Its Unsecured Revolving Credit Facility

New York-based WP Carey concluded the closure of an amended and restated its multicurrency unsecured revolving credit facility, summing to $2.0 billion, alongside €215 million ($235.8 million) and a £270 million ($345 million) term loans. Multicurrency unsecured revolving credit facility is a type of credit that allows borrowers to draw down, repay, and redraw loans […]

R Swathi15 December 20231 min read

Real Estate

ADCB to Sell 80% Stake of its Subsidiary to Nine Yards Plus

Financial service provider Abu Dhabi Commercial Bank (ADCB) signed a deal, on Thursday, to sell 80% of stakes of its subsidiary, Abu Dhabi Commercial Properties (ADCP) to Nine Yards Plus Holding, a subsidiary of Ethmar International Holding PJSC (EIH). The deal is valued at $160.9 million (AED 591 million) of ADCP and the bank will […]

R Swathi15 December 20231 min read

Banking

Thales Launches Ocean Plastic Card, in Collaboration with Trust Bank

IT service provider Thales Digital Identity & Security collaborated with financial service provider Trust Bank Singapore on Wednesday, to launch ocean plastic, a sustainable credit and debit card made from plastic found in the ocean. The tech company said the recycled card consists of 70% ocean plastic from Parley for the Oceans, non-profit environmental organization. The […]

R Swathi14 December 20231 min read

Technology

Shory.com Partners with Al Ain Ahlia to Enhance Car Insurance Purchase

Insurtech firm Shory.com partnered with Al Ain Ahlia Insurance, on Wednesday, with an aim to combine Al Ain Ahlia’s insurance plan with Shory’s digital platform to provide car insurance solution to its customers. The firm said the deal was signed by Suliman Abdullah Alfallaj, co-founder of Shory and Mohd Mazhar Hamadeh, general manager of Al […]

R Swathi14 December 20231 min read

Finance

Guardian Announces $1.40 Bln Dividend Allocation for 2024

Financial service provider Guardian Life Insurance Company of America, on Tuesday, said its board approved a dividend allocation of $1.40 billion to its participating policyholders in 2024, while increasing its dividend interest rate (DIR) to 5.90%. The firm has shown a consistent increase in its DIR, where in 2022, it was 5.75%, and rose to […]

R Swathi13 December 20231 min read

Leadership

Boeing Appoints Insider Stephanie Pope as Chief Operating Officer

Aviation and Aerospace firm, Boeing company appoints an insider Stephanie Pope as chief operating officer, on Monday, effective on January 1, 2024. The firm said she will be reporting to Dave Calhoun Chief Executive Officer of Boeing. The firm said Pope will oversee the performance of its three business units along with the responsibility for driving […]

R Swathi11 December 20231 min read

Leadership

Beyond ONE’s Subsidiary FRiENDi Mobile Appoints Shadli Al Abdulsalam as CEO

Digital services provider Beyond ONE named an insider Shadli Al Abdulsalam as its Executive Chief for its subsidiary FRiENDi Mobile Oman, a network operator, on Thursday. The newly appointed executive chief will lead FRiENDi Mobile and oversee shares in Oman market, along with managing commercial activities for the Beyond One Group in the Sultanate said […]

R Swathi8 December 20231 min read

Finance

CDB Aviation Engage into Inaugural Sustainability Linked Loan for $625 Mln

Aerospace component manufacturer China Development Bank (CDB) Aviation, on Thursday, said it is entering in a sustainability linked loan (SLL), which is secured through $625 million syndicated term loan facility. The facility secured, a week ago, was financed by a group of mandated lead arranger (MLA) banks, which includes Crédit Agricole Corporate and Investment Bank, […]

R Swathi8 December 20231 min read

Finance

Fitch Group Acquires Bixby in Stock Deal

Financial information service provider, Fitch Group acquired of research and analytics Bixby Research and Analytics by purchasing all the remaining stock on Tuesday. The acquired firm will be wholly owned subsidiary of Fitch Solutions and will be managed by CreditSights, said the firm. Additionally, Bixby will be incorporated into CreditSights’ leveraged finance product suite, which […]

R Swathi6 December 20231 min read