Abu Dhabi’s ADX signs partnership with FTSE Russell

Abu Dhabi: The Abu Dhabi Securities Exchange (ADX) on Wednesday announced a full index partnership with FTSE Russell, with the agreement set to make the global index provider the benchmark administrator for domestic equity indexes in Abu Dhabi. Under the agreement, FTSE Russell will begin providing daily index calculations on the general index, which includes […]

Abu Dhabi Investment Office’s ventures fund expands scope

Abu Dhabi: The Abu Dhabi Investment Office (ADIO) has expanded the scope of its ventures fund to increase support for the growth and expansion of innovation-focused companies in the emirate. The ventures fund will now participate in Series B and beyond financing rounds, invest in established regional and global funds and collaborate with global accelerators. […]

Indonesia’s growth slows to weakest in three years

Jakarta: Indonesia’s economic growth slowed to its weakest pace in three years in the final quarter of 2019 as investment, spending and exports weakened despite government efforts to bolster Southeast Asia’s largest economy from a slowdown in global demand. Economists expect the central bank to further cut rates to shield the economy from the impact […]

Coronavirus weighs on Mobile World Congress

Mobile World Congress (MWC), the world’s biggest mobile technology showcase and launch pad for a renewed 5G-devices push this year, is taking a hit from the deadly coronavirus outbreak with two marquee names cancelling plans. The show, operated by mobile industry trade organisation GSMA, takes place from February 24 to 27, but at least one […]

Siemens faces heat over Australian coal mine contract

Munich: Joe Kaeser has a difficult year ahead as he prepares his last major moves at the helm of Europe’s biggest engineering company. The Siemens chief is the target of environmental protests on Wednesday over a controversial Australian coal mine contract, and reported a steep earnings decline even before the virus epidemic slows growth in […]