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Hub71, Endeavour UAE to drive entrepreneurship in Abu Dhabi

ABU DHABI / WAM Hub71 kicked off a partnership with Endeavour UAE to boost its offering to global scale-ups. The partnership began with a two-day retreat at Hub71 in Abu Dhabi on October 22-23. This partnership comes weeks after Mubadala Capital’s ventures arm announced two new Mena funds with a combined worth of $250 million, further catalysing Abu Dhabi as ...

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HK dollar’s longest rally in five years is burning shorts

Bloomberg Hong Kong dollar bears are abandoning bets the currency will weaken, squeezed by the longest streak of gains in more than five years. The local dollar rose as much as 0.13% to 7.7867 versus the greenback on Monday, taking its six-day gain to about 0.5% — a large move for a pegged exchange rate. Supporting the advance are bets ...

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Indian central bank chief says there’s room for more policy easing

Bloomberg India’s central bank governor Shaktikanta Das said there’s more room for easing monetary policy, but a lot depends on how these actions are timed. “It’s a very clear forward guidance,” Das said at the Times Network India Economic Conclave in Mumbai on Monday. “While taking a pause, we very carefully and definitively said there’s space for further monetary action, ...

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