ABU DHABI / WAM Adnoc Gas stocks increased their gains and capital profits to more than AED33.8 billion on the first day of trading after the company’s initial public offering (IPO) at the Abu Dhabi Securities Exchange (ADX). The company’s market capital rose from AED181.9 billion to AED215.6 billion by the end of Monday’s trading session, closing at AED2.81 per ...

BLOOMBERG Russia remains India’s main source of weapons even as the nation has drastically trimmed purchases, highlighting the challenge for Prime Minister Narendra Modi of recalibrating New Delhi’s dependence on Moscow, while its borders with both China and Pakistan remain tense. Russian weapon imports dropped by 19% for the five year period starting 2018 compared to a similar time frame ...

BLOOMBERG Xi Jinping started an unprecedented third term as China’s president with fresh vows to ensure stability and strengthen party leadership, as he faces a future of slower growth and greater confrontation with the US. “Security is the foundation for development, and stability is the precondition for prosperity,” Xi said on Monday to close out the annual National People’s Congress ...