Bloomberg Hedge funds ramped up bets on megacap US tech stocks and whittled down overall holdings to focus on favored names last quarter, with conviction climbing back to levels seen at the start of the pandemic, according to Goldman Sachs Group Inc. The funds boosted tech and consumer discretionary holdings, while cutting energy and materials wagers, strategists including Ben ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Tuesday reported its best ever half-year earnings as strong operational performance throughout the value chain enabled the company to capitalise on favourable market conditions. EGA’s net profit for the first half of 2022 exceeded net profit for the entirety of 2021, itself a record year for the company. The company’s ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to the President of Türkiye, Recep Tayyip ErdoÄŸan, over the victims of the traffic accidents in eastern Türkiye’s Mardin and Gaziantep and resulted in a number of deaths and injuries, wishing quick recovery for all the injured. His Highness Sheikh ...