#Stock

Apple stock loses shine

Apple stock loses shine as market value drops below $2tn

Delays in the production of iPhones and concern that demand is weakening as the economy slows are said to be contributing factors

Amazon poised for biggest ever market value gain a day after Facebook’s loss

The surge in Amazon’s stock price came after sales in its cloud computing business beat Wall Street estimates

Apple

Apple’s market cap briefly tops $3 trillion after relentless rally

The stock first reached $1 trillion in value in mid-2018, and achieved a $2 trillion valuation in August 2020

Mubadala satellite operator Yahsat jumps on debut, boosting Abu Dhabi IPO push

Mubadala sold 975.9 million Yahsat shares, representing a 40 per cent stake, for Dhs2.75 each

How can smart store strategies streamline retail operations

Retailers must focus on back-office store operations to increase automation, gain efficiencies, and reduce costs

Mideast equity markets mixed with oil prices in focus

Kuwait’s main equity index led losses in the region