Abu Dhabi, United Arab Emirates – April 14, 2026: Against a backdrop of geopolitical conflict in the Gulf and rising investments in AI, retail investors increased their exposure to software and AI infrastructure stocks whose share prices have taken a hit in the first quarter of 2026, according to the latest data from trading and investing platform, eToro.

eToro looked at which companies saw the largest proportional change in holders quarter-on-quarter (table 1)
and also examined the 10 most held stocks on the platform among users based in the UAE (table 2).
Software and SaaS names featured prominently in the Q1 top risers list, suggesting UAE investors used the
sector-wide sell-off to buy the dip. ServiceNow topped the list with a 125% jump in holders as its share price
fell around 32% in Q1, although in the same quarter it announced partnerships with AI heavyweights OpenAI
and Anthropic. Adobe ranked third (54% increase in holders) even as the stock came under pressure over
concerns about its ability to defend its core software business against AI disruption. Shares were down about
25% by mid-March, along with news that the chief executive would step down, suggesting UAE investors were buying during the pullback.

AI infrastructure was another clear theme in Q1: Super Micro Computer (+65%) in second place, followed by
Micron (+39%) in fifth, and Oracle (+38%) in sixth. Investors appear to have bought into a late-quarter sell-off with Super Micro Computer. The stock had traded largely sideways before tumbling 33% after US prosecutors charged the co-founder over an alleged scheme to smuggle Nvidia-powered servers to China. Oracle also fits the buy-the-dip theme. The stock has been volatile amid concerns about spending tied to its AI cloud expansion.
The standout exception was Micron, one of the few names in the group to post stock price gains over the
quarter. The move was driven by stronger momentum from surging demand for AI memory chips and limited
new supply.

George Naddaf, Managing Director at eToro (MENA), said: “In Q1, UAE investors approached technology with
selectivity and opportunism. Some of the companies that drew the strongest increase in holders had fallen to
around 25% to 33%, suggesting investors were willing to buy into the sell-off where they still saw long-term value.”
He added: “Despite talk about the ‘Saaspocalypse’, the idea that AI will dismantle traditional SaaS business
models, UAE investors showed sustained interest in software. They are honing in on companies that they
believe have a clear role in the tech value chain and potential for monetisation. While geopolitical tensions
added to market volatility, the pattern in holdings suggests UAE investors were driven more by sector conviction than by a broad risk-off mindset.”

Other Q1 risers spanned multiple sectors. Investors pushed e.l.f. Beauty to fourth place by increasing holdings 52%. They also drove gains in Duolingo, Gorilla Technology, Hims & Hers Health, and SoFi Technologies, highlighting interest in companies across digital education, IT services, telehealth, and fintech.
Q1’s ‘top fallers’ list featured a mix of industries. Twist Bioscience Corporation led the pack with a 90% decrease in holders, followed by Okta (-49%) and CoreWeave (-47%). BioMarin Pharmaceuticals also saw a big decline, with holders down 35% QoQ.
The most widely held stocks were largely unchanged from last quarter, with only minor reshuffles in the top
half. NVIDIA held onto first place, while Amazon rose to second, and Microsoft to fourth. Tesla slipped to third and Apple to fifth, while positions six to ten remain unchanged.
Naddaf remarked: “Local investors’ selective approach to technology is further evidenced by the fact that AI
and tech companies feature in both the risers and fallers lists. They appear to be making efforts to distinguish
between the winners and laggards of the AI revolution.”

Looking at the most held ranking, he added: “It suggests UAE investors are continuing to treat these names as core positions rather than short-term trades. NVIDIA held onto the top spot, while Amazon moved up to
second and Microsoft climbed to fourth, but the ranking is largely unchanged. This points to continued
conviction in mega-cap technology companies contributing to AI infrastructure and enterprise applications. In a quarter marked by uncertainty, that kind of stability points to a confidence in scale, earnings visibility, and relevance.”

Past performance is not an indication of future results.

The tables compare data from the eToro platform on the final day of Q1 2026 with the final day of Q4 2025.
The data refers to funded accounts of eToro users in the UAE.
The data in the first table shows the 10 stocks that have seen the largest proportional increases and decreases
in holders on the eToro platform quarter-on-quarter (Q1 2026 vs Q4 2025).
The data in the second table shows the top 10 most-held stock positions (open positions) by investors on the
eToro platform at the end of Q1 2026. As the vast majority of stocks traded on eToro are real assets, this data
does not include positions held as CFDs. Stock price data from Yahoo Finance.
All data accurate as of after market close on 31 March 2026.

eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in
2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today
we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and
that we can become more successful by investing together. So we’ve created a collaborative investment
community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro,
you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a
portfolio, or copy other investors. You can visit our media centre here for our latest news.

Disclaimers:
Not investment advice. eToro is a multi-asset investment platform. The value of your investments may go up
or down. Your capital is at risk.

Josh Gilbert, Market Analyst at eToro

Abu Dhabi, UAE – April 01, 
SpaceX is reportedly preparing to go public in what could become the largest IPO in history, with a potential valuation exceeding USD $1.75 trillion and plans to raise up to USD $75 billion. If confirmed, this would surpass Saudi Aramco’s 2019 listing, which raised USD $29.4 billion.
The listing would mark the first opportunity for public market investors to gain exposure to Elon Musk’s space ecosystem. SpaceX has established itself as a global leader, with its Starlink broadband network generating significant revenue and its launch capabilities dominating the commercial space sector.
Proceeds from the IPO are expected to fund the continued development of Starship, expand Starlink into new verticals, support defence-related initiatives, and accelerate investments in AI infrastructure, including the concept of space-based data centres.
The company’s recent merger with xAI introduces an additional dimension for investors.
While the move creates a vertically integrated innovation platform spanning space and artificial intelligence, it also raises questions around valuation, given xAI’s capital-intensive
nature.

Josh Gilbert, Market Analyst at eToro, commented: “SpaceX’s IPO represents a watershed
moment for global markets. It’s not just about gaining exposure to a leading space
company, but about investing in a broader ecosystem that spans connectivity, defence, and
artificial intelligence. However, the complexity of the business model — combining a highly
profitable space and broadband operation with a capital-intensive AI venture — means
investors will need to carefully assess whether the proposed valuation is justified.”

The IPO also has implications for Tesla investors, as Tesla holds a stake in SpaceX following its USD $2 billion xAI investment. Increasing operational ties between the companies have fuelled speculation about a potential future merger, which could create a new type of multi-sector technology conglomerate.
Notably, SpaceX is expected to allocate a significant portion of shares to retail investors, potentially up to 30%, signalling a shift in how major IPOs engage with individual market participants.
As anticipation builds, the key question for investors remains whether the scale, ambition,
and integration of SpaceX’s business lines can support what would be one of the most
ambitious valuations ever seen in public markets.

ELITE Private Wealth Summit by JABOY Productions is “By Invitation Only” summit is exclusively for Independent RIAs, Family Offices and HNWI. After successful ELITE Global Leaders Conference in Zurich last month, the next destination is San Juan. Please see more info on, www.jaboyproductions.com.

This summit is designed to provide attendees with valuable Speakers that will include:

Sharon Lechter – Co-author, “Rich Dad Poor Dad”
Peter Schiff – Financial Commentator / Founder, Euro Pacific Asset Management LLC Mgmt.
Harry S. Dent, Jr. – Author \ Editor of HS Dent Forecast
Jon “DRJ” Najarian – Co-founder, Market Rebellion
Brad Sumrok – Founder & CEO Sumrok Multifamily
Michael Maloney – Author, Guide to Investing in Gold & Silver
Papi (PJ) DiNuzzo – Author \ Manifestation Mastermind Coach
Jimmy Hayes Nelson – Co-founder, Well Crafted Story

Many more... Stay tuned for more updates here and on the official website.
​

ELITE Global Leaders Conference, in Zurich, Switzerland 2026

Interview with Larisa Miller, CEO of Phoenix Global Group  Holdings, Inc., board member, author

ELITE Global Leaders Conference in Dublin 2025

Watch Interviews with

Neil Greene, CEO of JABOY Productions, USA
Howard Levine, a property tycoon from Los Angeles in conversation with Princess Jhanvi Kumari Mewar - YouTube Part 1
Part 2 In conversation with Princess Jhanvi Kumari Mewar

By Josh Gilbert, Market Analyst at eToro

Abu Dhabi, UAE – April 07, 2026: The healthcare sector has faced a difficult start to 2026, declining 5.5% year-to-date and underperforming the broader S&P 500, which is down 3.3%. However, the divergence in performance across the sector highlights a growing gap between winners and losers, reinforcing the importance of selective stock picking.

Several major pharmaceutical companies have delivered strong returns, with Moderna up 65%, Johnson & Johnson rising 16.8%, Merck gaining 14.4%, Pfizer up 12.4%, and Gilead Sciences advancing nearly 16%. This reflects investor preference for companies with robust pipelines, resilient earnings, and clear strategic catalysts, while higher-growth, higher-valuation names have come under pressure.

“Healthcare is increasingly becoming a stock-picker’s market,” said Josh Gilbert, Market Analyst at
eToro. “Investors are prioritising companies that can deliver consistent performance regardless of
macro uncertainty, and that’s where established pharma players are standing out.”
The GLP-1 obesity drug market remains one of the most significant growth stories in the pharmaceutical landscape. Global sales are projected to reach USD 39.4 billion (AED 144.7 billion) in 2026 and could exceed USD 100 billion (AED 367.25 billion) by the end of the decade. However, recent developments have introduced near-term headwinds for key players.
Novo Nordisk shares have declined 24% year-to-date following weaker sales guidance and disappointing trial results for its next-generation obesity drug, CagriSema. Eli Lilly has also fallen 14%, driven by valuation concerns and questions around the total addressable market. Additionally, a recent agreement with the White House to reduce GLP-1 drug prices by 25–35% is expected to cut combined US obesity drug revenues by USD 2–3 billion (AED 7–11 billion) this year. “While the long-term opportunity in GLP-1 remains substantial, the market is starting to price in competitive and regulatory pressures,” Gilbert added. “Much like the AI space, this is becoming a race to scale efficiently and maintain innovation leadership.”
New entrants are also shaping the landscape. Hims & Hers Health, despite shares falling 37% amid regulatory scrutiny, has attracted attention through its partnership with Novo Nordisk, enabling direct-to-consumer access to GLP-1 treatments via a digital platform. The company has already built a subscriber base of 2.5 million, reflecting growing demand for more accessible, tech-enabled healthcare solutions.
Beyond pharmaceuticals, momentum is building in healthcare technology and wearables. WHOOP recently secured USD 575 million (AED 2.1 billion) in funding at a USD 10.1 billion (AED 37 billion) valuation, with backing from major investors including Mubadala, Qatar Investment Authority, Abbott, and Mayo Clinic. The company has indicated that an IPO could be the next step.
“This signals a broader shift towards AI-driven, subscription-based health ecosystems,” said Gilbert.
“Investors are increasingly recognising digital health and wearables as the next major frontier in
consumer technology.”

Overall, the healthcare sector continues to offer a compelling investment case. Its defensive  characteristics remain attractive in a volatile, headline-driven market, while long-term structural trends—from GLP-1 innovation to digital health adoption—continue to accelerate.

​United Arab Emirates, 3 April 2026: Emirates Global Aluminium today provided an initial assessment of operations following the recent Iranian attacks on the company’s Al Taweelah site, one of the biggest aluminium production complexes in the world.
The Al Taweelah site sustained significant damage in result to the Iranian missile and drone attacks at Khalifa Economic Zone Abu Dhabi. The site, including the smelter and Casthouse, power plant, Al Taweelah alumina refinery, and Al Taweelah recycling plant, was fully evacuated and the facilities entered emergency shutdown.
To resume operations at the smelter, EGA must repair infrastructure damage and progressively restore each of the reduction cells. Early indications are that a complete restoration of primary aluminium production could take up to 12 months.
Al Taweelah alumina refinery and Al Taweelah recycling plant may be able to restart some production earlier, depending on the final assessment of site damage.

Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: “We are deeply disturbed by this attack on our people, who come from more than 40 nations and were simply doing their jobs. We thank God no one
received life-threatening injuries and that those hurt are recovering well.
 “Our Al Taweelah site is a foundation of the global economy, and a significant contributor to global supply, making this incident damaging to industries and prosperity worldwide. We will do our very best to support our customers around the world during this difficult period. We are working directly with customers whose deliveries might be impacted by the situation at Al Taweelah.”

​Al Taweelah smelter produced 1.6 million tonnes of cast metal in 2025. EGA has substantial metal stock on the water, and on the ground in the UAE and some overseas locations.
Al Taweelah alumina refinery produced 2.4 million tonnes of alumina in 2025, and met 46 per cent of EGA’s total alumina needs.
Al Taweelah recycling plant has an annual production capacity of 185 thousand tonnes per year.

Since its creation in 2019, LIVE - L'Institut des Vocations pour l'Emploi has offered an inclusive and ambitious professional integration program, with more than 2,500 people already supported. By inaugurating this seventh campus in Bordeaux, LVMH reaffirms its long-term commitment to helping beneficiaries build professional projects and providing them with all the tools needed to implement them.

It is in the heart of the Bordeaux metropolitan area, Quai des Chartrons, that LIVE - L'Institut des Vocations pour l'Emploi is opening its seventh campus, marking a new milestone in its expansion and strengthening its national presence with a new location in the greater Southwest of France. Organized in the presence of Brigitte Macron, President of LIVE, Antoine Arnault, Image and Environment of LVMH, Maud Alvarez-Pereyre, Group Chief Human Resources Officer of LVMH and Olivier Théophile, General Director of LIVE and Group SVP Social Engagement of LVMH, this event was also an opportunity for beneficiaries to define their career paths.
The Nouvelle-Aquitaine region and the city of Bordeaux provide a particularly favorable environment for hosting the campus. LIVE integrates into a network of committed local partners, companies, public authorities and nonprofit organizations, essential to the success of future beneficiaries.
The Bordeaux campus, like the six other LIVE campuses, the Bordeaux campus, will welcome two annual cohorts of 50 to 60 people. In total, 700 places will be offered each year across all campuses to those wishing to implement a new professional life project. Since its creation in 2019, more than 2,500 people have already been supported, with an employment access rate exceeding 80% ten months after entry.

“With LIVE, LVMH expresses a strong conviction: to go beyond its business activity and consistently assume its contribution to the common good, embedding its social impact over the long term. Ultimately, this is about ‘giving back’ - not as a one-time gesture, but as a responsibility commensurate with what the Group represents,” said Antoine Arnault, Image and Environment, LVMH.

Supporting the LIVE institute is one illustration of the commitment of LVMH and its Maisons, which in 2025 helped more than 2.5 million people through various initiatives.

“The mission of Human Resources at LVMH is to transform career paths by revealing talent, regardless of background or origin. With this seventh LIVE campus in Bordeaux, we are strengthening long-term support, as close as possible to individuals, and focused on those whom life has sometimes set aside. This is where our commitment takes on its full meaning: restoring confidence, opening up opportunities, and enabling everyone to build their place,” said Maud Alvarez-Pereyre, Group Chief Human Resources Officer, LVMH.
LIVE is currently structured around seven campuses

“With this seventh campus in Bordeaux, we aim to offer as many people as possible the opportunity to transform their professional paths. Each feedback from participants we support reminds us why LIVE exists: to find a life path more aligned with one’s expectations and to continue to grow,” added Olivier Théophile, General Director of LIVE - L'Institut des Vocations pour l'Emploi and Group SVP Social Engagement, LVMH.

Read also LVMH Shares Fell Most Ever in First Quarter on Luxury SlumpShares of the luxury bellwether fell 28 percent in the first quarter as the war in the Middle East clouds the global economic outlook and intensifies demand headwinds for luxury goods.​

Education is the cornerstone of the ELITE conferences/summits

The goal of the ELITE Global Leaders Conference, which took place at The Dolder Grand in Zurich from March 22–24, was to strengthen attendees in their present and future endeavors by fostering meaningful discussions. The event, which is organized by JABOY Productions, aims to provide insightful information on a range of subjects, such as insurance services, tax preparation, estate planning, and investments. Since every participant has different needs, the conference was designed to provide a wide variety of choices and insights so that attendees could select what best suited their particular needs. This conference was not only a remarkable networking experience but also a unique opportunity for attendees to establish connections and relationships with a variety of brilliant peers and presenters. Attendees had a distinctive opportunity to connect and build relationships with a variety of sophisticated peers and presenters, making this conference not only a memorable networking experience but also a chance to "INVEST IN YOURSELF," as emphasized by Neil A. Greene, the founder and CEO of JABOY Productions.

Watch also - Interview with Neil Greene, CEO of JABOY Productions, on our YouTube channel
- Howard Levine, a property tycoon from Los Angeles in conversation with Princess Jhanvi Kumari Mewar - 

ELITE Global Leaders Conferences from Aspen to Zurich 

The ELITE Global Leader’s Conference is a private forum exclusively organized by family offices for family offices, ultra-elite private investors, prominent impact leaders, and business owners as well as royal family members and renowned international artists and athletes. Apart from regular events and conferences in the Americas, previously held events in Europe were held in royal cities such as London, Madrid,​ Monte-Carlo, Rome, and the Vatican, (watch also Howard Levine, a property tycoon from Los Angeles in conversation with Princess Jhanvi Kumari Mewar) and the most recently held conference in Europe was in Dublin, Ireland.
​

Elevating #JABOYGreatness and Swissness in Zurich

​This bespoke private wealth conference provided exclusive access to top-tier speakers and sponsors. Celebrating the success of the international attendees and the  unique swissness that the local attendees represent, the lineup of speakers, international and Swiss locals, for this conference was beyond extraordinary, including the opening presentation on the day two of programme by Dr. Jan Hendrick Taubert, founder of Exclusive Advice Global Advisors, who presented a very personal experience with success strategies and how to become a Conscious Capital Steward.

Dr. Taubert was followed by a more finance-oriented presentation on risks of U.S. tax exposure and the institutional opportunity in premium finance, presented by John McDonough, senior managing director of National Brokerage Atlantic. His presentation engaged audience, which had many questions, in particular the Swiss attendees that have or plan to make investments in assets inside the U.S.

Departing from the Greek concept of kairos—the right moment--Dr. William E. Morgan, President of Parker University, made an excellent introduction based on personal and life defining moments and tools that can help to seize kairos. Dr. Morgan also highlighted the latest research on how to preserve brain health and cognitive vitality. Dr. William E. Morgan has a long history of serving in military healthcare. Joining the Navy at 17, he served with an elite Marine Recon company. While in the Navy, he was qualified in parachuting, military diving, submarine insertion, jungle warfare, combat swimming, explosives, mountaineering, winter warfare and Arctic survival. 

Proactive Sustainable Bonds Opportunity was the topic presented by Jesse Hollander, director of Proactive Impact Funds, which is supporting individuals and families in crisis with comprehensive housing solutions, therapeutic resources, and community reintegration programs across U.S.

In line with the theme of sustainable projects, indoor Megaladome Golf was presented to the audience by the Canadian Alain Desrochers, COO & Vice President.

​Ben Narasin,  Founder & General Partner, Tenacity Venture Capital; presented the current state of VC in the U.S. area, based on his expertise assessment. Narasin also joined a prestigious panel session later in the programme (see images below).

The topic of Sovereign AI and the Future of Business Applications, by Vaughn Davis - Founder & Chief Executive Officer, Hyper Nimbus—was both thrilling to listen to and a bit frightening, but AI is now part of the business, and his in-depth knowledge on this topic was beyond engaging.

From AI to humanity, the conference shifted its focus again to the human side of wealth and how to prepare the next generation for responsibility, stewardship, and legacy, which Susan Weingartner—Principal & Legacy Alignment Advisor, Weingartner Legacy Co., who is based in Seattle—conveyed ahead of moderating the panel talk in the afternoon (see below).

Continuing on the topic of key strategies to achieve results and success, Sandro Cazzato (above), Swiss-Italian entrepreneur and best-selling author, was the next speaker. Cazzato has built an international organization of more than 170,000 members, spanning diverse cultures, languages, and markets, though his leadership style is rooted in transparency, ethical business practices, and the belief that long-term success comes from consistent daily actions, not shortcuts.

Speaking about the future of payment tokenization and the blockchain, was engaging M. Pierre-Edouard Wahl – Founder, pew256, Blockchain Precision Engineering.

LTR - Ben Narasin - Founder & General Partner, Tenacity Venture Capital; Adi Divgi – Founder / Chief Investment Officer, Divino Global Holdings, Simon Swycher - Managing Director, Hg Real Estate; Manfredi Mattei Filo della Torre - Director, Partecipazione Asset Management; and  moderated by Matthias Knab.

​The following panel discussion of the afternoon was male-dominated, focusing on current development with private equity, private credit, and how to navigate their future, moderated by Matthias Knab, CEO of Opalesque. Knab was joined by panelists who are daily based in such different finance capitals as New York and Rome. The prestigious panel (see image above) included Ben Narasin - Founder & General Partner, Tenacity Venture Capital; Simon Swycher - Managing Director, Hg Real Estate; Manfredi Mattei Filo della Torre - Director, Partecipazione Asset Management; Bijan Foroodian – Chairman, Foroodian Family Office; and New York-based Adi Divgi – Founder / Chief Investment Officer, Divino Global Holdings.
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​The full-packed agenda included engaging meetings and panels on topics that participants find both relevant and stimulating. Additionally, a special networking and extensive program included visits and dinners to historic and exclusive venues of Zurich. If this was not enough, a post-conference experience has been arranged, featuring a trip to another world-class resort, St. Moritz, aka the Top of the World.
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For programme, key note speakers and all future events,
please visit www.jaboyproductions.com.

When Estee ‌and Madrid-listed Puig disclosed on Monday merger talks that would create a luxury beauty giant with a combined market capitalisation of around $40 billion and bring together brands such as Tom Ford, Carolina Herrera, Rabanne and Clinique everyone started talking about risks even those outside retail luxury industry. 

​The talks come about two months after Estee's CEO Stephane de La Faverie expanded a significant turnaround push to staunch three years of annual sales ​declines and a contracting market share, said Reuters. Estee Lauder's bet on Puig merger would put it in a direct fight with sector leader L'Oreal's ​premium fragrances, but could complicate the U.S. company's turnaround plans just uncertain outlook for travel retail, according to Reuters.

A takeover of Puig would lift its global market share in the coveted premium fragrance category to 15% from 6%, second only to L'Oreal's 16%, Morningstar analysts noted.
In the United States, prestige ​fragrance grew 5% by value last year and ended the year as the second‑largest category in prestige retail, data from Circana showed.
Independent players such as France-based Parfums de ‌Marly and ⁠Serge Lutens and newer brands such as Nishane and Xerjoff, as well as celebrity‑backed labels present another challenge.
"The deal would further tilt (Estee's) portfolio toward fragrance, where growth has been strong, but competition from indie brands is intensifying, L'Oreal is stepping up its efforts and category momentum appears later-cycle," said Jefferies analyst Sydney Wagner in a note. A potential transaction funded evenly with equity and debt would require Estee Lauder to raise about $6 billion in new borrowing, according to estimates ​by JPMorgan analysts. That could push its ​leverage to about 4.3 times ⁠before any synergies from the deal, they said in a note.
​
Credit ratings agencies Moody's and S&P Global both assign the U.S. company a negative outlook.
Estee's shares were down nearly 6% on Monday, while Puig's shares jumped 13%. Before news ​of the merger talks broke, the Spanish firm's shares had fallen nearly 39% from the 24.50 euros per ​share price of its ⁠initial public offering in May 2024.