BLOOMBERG Apple Inc and Microsoft Corp have never held more sway over the S&P 500 Index, leaving some investors on edge over the gauge’s increasingly top-heavy nature. The world’s two most-valuable companies saw their combined weightings in the benchmark jump to a record 14% after strong earnings reports from Microsoft and others fuelled a rally in technology stocks. When you …

ABU DHABI / WAM Abu Dhabi-based manufacturer Monarch Holding and Chinese company EHang Holdings, a leading autonomous aerial vehicle (AAV) technology platform company, have signed a partnership agreement to establish the first facility in the Middle East and North Africa to manufacture and operate sustainable, electric-powered aircraft and drones for passengers and cargo transportation in Abu Dhabi. The announcement aligns …

ABU DHABI / WAM Borouge announced its financial results for the three-month period ending on March 31, with revenues of $1.38 billion and adjusted EBITDA of $460 million. The company’s value enhancement programme has already delivered a significant impact of more than $100 million in efficiencies and revenue optimisation. Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, commented, “We …