Author: Arabian Media staff
Key Takeaways Nvidia Corp. (NVDA) makes up about 7.3% of the S&P 500, the highest concentration of any one stock in 35 years of data from Leuthold Group. Other popular index mutual and exchange-traded funds (ETFs) tell a similar story, with the AI chipmaker very heavily weighted. It isn’t just Nvidia. The Magnificent 7 make up roughly a third of the S&P 500. Nvidia is responsible for roughly a fifth of the S&P 500’s gains this year, according to a recent report. Not all S&P 500 companies are created equal. In fact, if you’ve invested in a fund that tracks…
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Image: WAM/ For illustrative purposes The UAE has declared a public holiday for both the private and public sector on Friday, September 5, to mark the birthday of Prophet Mohammed (PBUH). The Federal Authority for Government Human Resources announced the holiday for ministries and federal entities in a circular shared on social media. Read: UAE announces public holiday for govt employees on Prophet’s birthday The Ministry of Human Resources and Emiratisation later confirmed that the same holiday would apply to the private sector. أصدرت الهيئة تعميماً إلى كافة الوزارات والجهات الاتحادية بشأن عطلة المولد النبوي الشريف في الحكومة الاتحادية، للعام…
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Dubai-based diversified holding company, Al Khayyat Investments (AKI), has entered into a strategic supply chain partnership with global logistics leader A.P. Moller – Maersk in Saudi Arabia. The agreement was formalised late last month, when AKI’s group chief supply chain officer, Samer Sabri, and Ibrahim AlSharif, area head of contract logistics at Maersk KSA, signed the deal during a tour of AKI’s warehouse and supply chain facilities in the Kingdom. AKI’s Managing Director, Zaid S. Al Khayyat, also took part in the walkthrough. AKI, founded in 1982 by Dr Saad F. Al Khayyat and headquartered in Dubai, has expanded across the Middle East and Africa, with significant operations spanning…
Image: Supplied ENOC Group’s YES Rewards programme has partnered with GEMS Rewards, the loyalty platform of GEMS Education, to allow members to exchange points across both networks. The initiative, powered by Loyyal’s Xpand Point platform, will enable customers to redeem points for fuel, retail, and lifestyle offers through YES Rewards, as well as discounts, deals, and contributions towards school fees via GEMS Rewards. Hussain Sultan Lootah, acting group CEO of ENOC, said: “We are pleased to establish this partnership with GEMS Education, which reflects our group’s commitment to leading efforts that generate substantial and widespread positive impact on our nation.…
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