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 ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a letter to Macky Sall, President of the Republic of Senegal, which included an official invitation to COP28, which will be held in Dubai Expo City this November. The message was delivered by Sultan Ali Al Harbi, UAE ambassador to the Republic of Senegal, ...

APIA / SAMOA/ WAM Abdullah Ali Ateeq Al Sabousi, UAE ambassador to Australia, presented his credentials as Non-Resident ambassador to Samoa to Afioga Tuimalealiifano Vaaletoa Sualauvi II, President of the Independent State of Samoa, during an official reception ceremony at the Presidential House in the capital, Apia. During the meeting, Al Sabousi conveyed to the President of Samoa the greetings ...

ABU DHABI / WAM Sheikh Khalifa bin Tahnoun Al Nahyan, Executive Director of the Martyrs’ Families’ Affairs Office, on Thursday received at Wahat Al Karama, New Zealand’s Minister of Defence Andrew Little, who is currently on an official visit to the UAE. Upon his arrival, Sheikh Khalifa bin Tahnoun and Andrew attended the Guard of Honour ceremony, before laying a wreath at Martyrs’ ...

ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S), the shipping and maritime logistics arm of Adnoc, announced on Thursday the successful berthing of LNG carrier, Ish, at the AG&P Philippines LNG (PHLNG) Import Terminal in Batangas Bay, as it continues expanding its operations globally. Following her arrival, Ish will be commissioned as a Floating Storage Unit (FSU) at ...

ABU DHABI / WAM Abu Dhabi Airports, the owner and operator of five airports in the emirate of Abu Dhabi, welcomed the first SF Express cargo plane to Abu Dhabi International Airport. The inaugural flight signalled the launch of operations for the global freight leader for the first time in the region. This strategic partnership is in collaboration with Etihad ...

DUBAI / WAM Emirates NBD’s profit more than doubles to a record AED 6 billion in the first quarter of 2023, demonstrating the success of the group’s diversified business model and a healthy regional economy. This is also a record quarter for income which exceeds AED10 billion for the first time ever. The exceptional increase in profit reflects higher margins, ...

SHARJAH / WAM Shareholders of Dana Gas on Thursday approved the Board of Directors’ recommendation at the company’s Annual General Assembly to distribute a further 4.5 fils per share cash dividend for the second half of the financial year ended on December 31, 2022. Shareholders holding the shares as of May 4 will be eligible to receive the interim dividend. ...