Mubadala to invest in premium ophthalmic lens innovator Rodenstock

Abu Dhabi: Mubadala Investment Company Sunday  announced that it would invest in Rodenstock Group (Rodenstock), the leading manufacturer of premium ophthalmic lenses, as a minority investor alongside Funds advised by Apax (the Apax Funds). Founded in 1877, Rodenstock has been a global leader in prescription lenses for over 140 years, with a strong track record of […]

China’s industrial profits growth picks up pace

Beijing:  Profits at China’s industrial firms rose 179 per cent year-on-year in the first two months of 2021 to 1.114 trillion yuan ($170.31 billion), official data showed on Saturday. That compared with a 20.1 per cent on-year increase seen in December and a 38.3 per cent on-year slump in the first two month of 2020, according to data […]