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‘Only Nasdaq at a record is bad sign for US stocks’

Bloomberg A combination of fresh highs for tech stocks and still-elevated volatility may signal trouble ahead for the S&P 500 Index, according to BTIG LLC. The Nasdaq-100 reached a record on Tuesday, but its fellow American indexes S&P 500, Dow Jones Industrial Average and Russell 2000 have failed to hit their own new marks, chief equity and derivatives strategist Julian ...

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UAE’s aircraft, spaceship trade hits $7.68b in 2019

Abu Dhabi / WAM The value of the UAE’s trade in aircraft and spaceships amounted to AED28.2 billion ($7.68 billion) in 2019, reflecting its leading position in these sectors in the Gulf Cooperation Council (GCC) and the Middle East, according to the Federal Competitiveness and Statistics Authority. The aviation sector supports the Emirati economy and its GDP contribution is expected ...

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Adnoc announces $20.7bn energy infrastructure deal

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday that it has entered into an agreement with some of the world’s leading infrastructure investors and operators, sovereign wealth and pension funds. A consortium of investors comprising Global Infrastructure Partners (GIP); Brookfield Asset Management, Singapore’s sovereign wealth fund GIC; Ontario Teachers’ Pension Plan Board, Ontario Teachers; ...

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