Shweta Jain

1 month ago | thenationalnews.com | Shweta Jain

International Holding Company, one of the UAE's most valuable listed companies, has partnered with the world's biggest asset manager BlackRock to launch a $1 billion reinsurance company. The company, which is yet to be named, will be backed by more than $1 billion in initial equity commitments, and will target $10 billion in liabilities, IHC said in a filing on Friday to the Abu Dhabi Securities Exchange.

1 month ago | thenationalnews.com | Shweta Jain

Mubadala Investment Company, Abu Dhabi’s strategic investment arm, posted a 9.5 per cent increase in its asset base last year, driven by investments in future-focused sectors including artificial intelligence, health care and advanced manufacturing. Mubadala’s total assets under management in 2024 reached Dh1.2 trillion ($326 billion), with annualised returns of 10.1 per cent over five years, the company said on Thursday.

2 months ago | thenationalnews.com | Sarmad Khan |Deepthi Nair |Shweta Jain

Hong Kong's Hang Seng index drops by 13.55 per cent while China's Shanghai Composite Index falls 7.34 per cent

2 months ago | thenationalnews.com | Shweta Jain

On Sunday, the world’s leading oil exporter sharply cut May crude prices for its Asian buyers

2 months ago | thenationalnews.com | John Benny |Shweta Jain

Oil prices extended their losses on Friday and were on track to record their worst weekly decline in months as markets feared the impact of US tariffs on the global economy and Opec+'s surprise decision to boost oil supply. Brent, the benchmark for two thirds of the world’s oil, was down 0.94 per cent at $69.48 a barrel at 8.40am UAE time. West Texas Intermediate, the gauge that tracks US crude, was 0.99 per cent lower at $66.29 a barrel.