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.

Energy

ADNOC Acquires 24.9% Stake in Austria’s OMV

Emirate of Abu Dhabi-owned ADNOC acquired about 30% shareholding in OMV AG (OMV), an energy and chemicals group from Mubadala Investment Company (Mubadala) financial institute on Friday, to accelerate the delivery of its chemical growth strategy. Following the transaction, the company said it will own 24.9% of OMV, while Austrian-based firm Österreichische Beteiligungs AG (ÖBAG), […]

R Swathi1 March 20241 min read

Energy

Masdar Acquires 49% of Stake UK Offshore Wind Project

Renewable Energy firm Masdar completed the acquisition of 49 per cent shareholding in RWE’s 3 gigawatts (GW) planned offshore wind farms Dogger Bank South (DBS) project worth £11 billion ($13.90 billion) investment, on Thursday. In early December, this Joint venture was initiated at COP28 in Dubai, where RWE holds a 51% stake in the UK […]

R Swathi1 March 20241 min read

Leadership

Gulf International Bank Appoints New CEOs for Saudi Arabia, Bahrain

Monetary institution Gulf International Bank (GIB), on Wednesday, revamped its leadership roles by appointing Khaled Abbas as Chief Executive of GIB in Saudi Arabia and Sara Abdulhadi as CEO of GIB in Bahrain, effective March 3. Abbas holds nearly 30 years of experience in leading the banking industry. He joined GIB in 2018 as Country […]

R Swathi29 February 20241 min read

Finance

Polestar Secures 3-Year Loan Facility of $950 Mln, Gives 2024 Outlook

Electric car brand Polestar Automotive Holding UK, on Wednesday, said it secured $950 million through external bank funding in the form of a three-year loan facility to strengthen its business plan as well as achieve its 2025 targets. The financing is being provided by 12 international banks which include BNP Paribas, Natixis, Standard Chartered, BBVA, […]

R Swathi29 February 20241 min read

Leadership

Ava Community Energy’s Nick Chaset Plans to Step Down as CEO

Renewable energy storage firm Ava Community Energy (Ava), on Tuesday, said Nick Chaset, Chief Executive Officer of the company will step down from his role, effective July 15, 2024, to join a global clean energy company as a senior executive leader. Chaset has been with the firm since 2017, serving as Executive Chief. Prior to […]

R Swathi28 February 20241 min read

Finance

Harley-Davidson Subsidiary HDFS Launches Flex Financing Program

Harley-Davidson Financial Services (HDFS) launched the Harley-Davidson Flex Financing program, an alternative way of purchasing H-D motorcycles, on Tuesday. Harley-Davidson said the loan option provides an alternative way to purchase an H-D motorcycle, along with monthly payments, shorter terms, and flexibility, with the ability to return the motorcycle at the end of the term, which […]

R Swathi28 February 20241 min read

Technology

Modi Inaugurates Space Projects, Introduces Astronauts for Gaganyaan

Indian Prime Minister Narendra Modi, on Tuesday, inaugurated three space infrastructure projects worth ₹1800 crore ($217.2 million) as well as introduced the astronaut wings and met the astronauts selected for the upcoming manned moon Gaganyaan mission at Vikram Sarabhai Space Center (VSSC) in Thiruvananthapuram, Kerala. The shortlisted astronauts are Group Captain Prashanth Balakrishnan Nair, Group […]

R Swathi27 February 20241 min read

Finance

PayTabs Egypt, Souhoola Joins to Enhance Payment Solutions Portfolio

Finance solution provider PayTabs Egypt partnered with industry peer Souhoola on Monday, to offer buy now pay later (BNPL) payment method for PayTabs Egypt merchants by increasing the range of payment options offered online. The payment processing company said it is integrating Souhoola’s BNPL solution into the multiple payment solutions available for customers on e-commerce […]

R Swathi27 February 20241 min read

Technology

ServiceNow, NVIDIA to Launch Telco-Specific GenAI Solutions

Software developer ServiceNow in collaboration with NVIDIA computer hardware manufacturing introduced telco-specific generative AI solutions on Sunday, to elevate service experiences for telecom operations. The firm said the solution called Telecommunications Service Management (TSM), is built on its Now platform which uses NVIDIA AI to boost agent productivity, speed time to resolution and enhance customer […]

R Swathi27 February 20241 min read

Energy

Chinese Miner Yintai to Acquire Osino for $272 Mln in All Cash Deal

Chinese mining firm Yintai Gold, on Sunday, said it will buy industry peer Osino Resources Corp in an all-cash deal for C$368 million ($272 million), by acquiring all the outstanding common shares of Osino. Under this agreement, Yintai will offer cash consideration of C$1.90 for each Osino common share, said the company and added, the […]

R Swathi26 February 20241 min read

Technology

IBM Partners with FABMisr to Modernize Banking Experience

Tech giant IBM collaborated with First Abu Dhabi Bank Misr (FABMisr) on Thursday, to employ IBM’s Cloud Pak solutions to facilitate the bank’s digital transformation while improving customer experience, as well as delivering reliability, and security to its clients. The collaboration aims to leverage AI software with IBM Cloud Pak for Integration and IBM Cloud […]

R Swathi23 February 20241 min read

Leadership

AMH CEO David Singelyn to Retire, Appoints Insider Bryan Smith to Succeed

Real estate firm AMH, on Thursday, said David Singelyn, Chief Executive of the company will retire, effective December 31, and appointed an insider Bryan Smith to succeed Singelyn, effective January 1, 2025. The property management company said Christopher Lau, CFO of AMH has been promoted to Senior Executive Vice President, while Singelyn will serve as […]

R Swathi23 February 20241 min read