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.

Real Estate

CBRE Report Says Dubai Rent Surges, Tenants Less Likely to Relocate

Dubai’s rental market witnessed an increase in rent activity in past two years, ending the negative growth cycle that began in mid-2015 till late 2021, said Dubai rental report 2023, from commercial real estate service provider CBRE on Thursday. The report stated current rental market of Dubai has created a difference between new and renewed […]

R Swathi6 October 20231 min read

Finance

Saudi Arabia’s SAL Logistics Goes Public at $28.26 Per Share

Saudi Arabia-based SAL Logistics Pvt Ltd said it set the price of initial public offering (IPO) at SAR 106 ($28.26) per share, implying a market capitalization of SAR 8,480 million at listing, on Friday. The company said along with its financial advisor HSBC Holdings Plc offered its price range in September. The process of IPO […]

R Swathi6 October 20231 min read

Technology

Infosys, Economist Impact Launches VCN to Mitigate Scope 3 Emissions

Digital services and consulting firm Infosys Ltd with a research company Economist Impact, on Thursday, launched a digital platform Value Chain Navigator (VCN) with an aim to help businesses understand and address the scope 3 emissions. The company defines Scope 3 to include all indirect emissions that occur in the upstream and downstream activities of […]

R Swathi5 October 20231 min read

Technology

Leidos Unveil ProSight At Inter Airport Europe

Science and technology company Leidos Holdings Inc, on Thursday, launched its cyber secure software platform ‘ProSight’, where it aims to provide airport and commercial organization with a centralised security management system to tackle high risk area. The tech company said the newly built software will be unveiled during International Exhibition for Airport Equipment, Inter airport […]

R Swathi5 October 20231 min read

ZainTECH to Acquire STS, Expands Cybersecurity, Robotics Services

Technology

Endava Partners With NextGen FDI Program to Expand In UAE

Tech solution provider Endava Plc said it partnered with Ministry of Economy UAE’s NextGen FDI programs to extend its reach in the middle-east market with an aim to build on its existing team in Dubai’s Internet city and relocate senior leadership as well as technical team into the country. London-based Endava is listed on New […]

R Swathi5 October 20231 min read

Technology

Storeot Partners With Flex|N|Gate to Produce XFC Batteries

Isaral-based firm StoreDot partnered with producer and supplier of automotive parts Flex|N|Gate Group on Wednesday, with an aim to develop and expand extreme fast charging battery (XFC) cells for electric vehicles. The company said the partnership is also aimed at StorDot’s expansion in North American region by manufacturing and supplying robust, proven XFC cells to car […]

R Swathi4 October 20231 min read

Energy

ADNOC’s Biofuel to Power UAE Vehicle Fleet

Mobility retailer Abu Dhabi National Oil Co (ADNOC) said the company is shifting its heavy vehicle fleet to B20 biofuel aiming for 15% reduction in CO2 emissions from the fleet and reducing carbon footprints. Earlier this year, ADNOC Distribution said it converted a $1.5 billion term loan linked to sustainability. This service is a penalty […]

R Swathi4 October 20231 min read

Energy

SNOC, RAKGAS Signs Gas Storage Services Contract

Arab energy producer Sharjah National Oil Corp (SNOC), during ADIPEC’s energy conference has signed an agreement with natural gas manufacturer RAKGAS to provide gas storage services, on Tuesday. SNOC said the joint venture will allow RAKGAS to utilise SNOC’s gas storage facility to balance gas supply and demand by managing the fluctuation between high and […]

R Swathi4 October 20231 min read

Technology

Wallan Joins Zeekr for Automotive Innovation

Automotive firm Wallan Trading Co said it partnered with electronic car manufacturer Zeekr Automotive, on Monday. The partnership is aimed to provide cleaner and greener energy in automotive sector in Saudi Arabia, while additionally providing premium design vehicles. Riyadh-based company said the collaboration is aligned with Saudi Arabian government’s vision 2030, which sets targets and […]

R Swathi3 October 20231 min read

Finance

Nuvei’s Expands to APAC with New Office in China

Canadian fintech company Nuvei Corp said it has established a new operational office in China with a vision to expand its presence in Asia-Pacific (APAC) region, on Monday. The company said it has a pre-established cross border clients as well as provide services and partnered with Chinese businesses like Geekbuying, an e-commerce platform, and Vakatrip, […]

R Swathi3 October 20231 min read

Energy

FAB with Masdar, Blue Carbon to Boost MENA Carbon Trading Market

First Abu Dhabi Bank (FAB) partnered with environmental asset developer Blue Carbon and with green energy firm Masdar to develop and to venture in carbon trading market of Middle East and North Africa (MENA) region on Monday. The bank signed a memorandum of understanding (MoU) with Blue Carbon and Masdar for supply of high-quality carbon […]

R Swathi3 October 20231 min read

Energy

Abu Dhabi’s Non-Oil Economy Grows to 154 Bln Dirhams

Emirate’s economic strategies and policies designed to foster development by Statistics Centre – Abu Dhabi (SCAD) said the gross domestic product (GDP) of Abu Dhabi increased by 3.5% in the second quarter of 2023 compared to a year ago, and the non-oil economy grew by 12.3% in the reported quarter, reported Zawya. The Abu Dhabi’s […]

R Swathi2 October 20231 min read