Author: Arabian Media staff
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe Trump administration plans to put a number of Chinese chipmaking companies on an export blacklist, but some officials want to delay the move to avoid hurting efforts to strike a long-term trade agreement with China.The commerce department has compiled a list of Chinese companies — including China’s memory chipmaker ChangXin Memory [CXMT] — to add to the “entity list,” according to five people familiar with the matter.Several of the people said the Bureau of Industry and Security, the commerce…
If you inherit a Roth individual retirement arrangement (Roth IRA) from a parent and take withdrawals correctly, you’ll be able to enjoy tax-free withdrawals for years. Your options will depend on whether you are considered a designated beneficiary or eligible designated beneficiary. Learn more about these designations and what to do when you inherit a Roth IRA in different circumstances. Key Takeaways You must withdraw all of the money from a Roth IRA that you inherit from a parent.You can take the money in a lump sum or in smaller withdrawals.You can keep the money or deposit it into an…
BRKZ, a leading Saudi B2B managed marketplace, announced the completion of its $17 million Series A funding round. The funding includes an $8 million Series A2 round closed in January 2025, $1 million in venture debt from Capifly and the initial $8 million Series A1 round in December 2023, the company said. All existing investors such as BECO Capital, Aramco’s Waed, 9900 Capital, Better Tomorrow Ventures, RZM Investment, Class 5 Global, MISY Ventures, Knollwood Investment Advisory, and Fluent Ventures participated in the funding, it said. The latest investment takes the total funding to $22.5 million and will be deployed to scale…
Daniel Loeb’s Third Point sold off its stakes in electric-vehicle maker Tesla Inc. and social-media giant Meta Platforms Inc. during the first quarter and cut its position in Amazon.com Inc. However, the hedge fund took a new stake in AI chipmaker Nvidia Corp. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.EY has delayed start dates for graduates hired by its US strategy and deal advisory business for the third year in a row, as the Big Four firm grapples with what it called “uncertain and evolving market conditions”.Undergraduate and speciality master’s students who were due to join EY Parthenon after graduation in the next few months have been told they would now be needed “no sooner than March 2026”.The move comes as the Big Four accounting and consulting firms navigate a sluggish…
When it comes to social media marketing, you’d be forgiven for forgetting about Pinterest. After all, there’s so much more noise surrounding Instagram, Facebook, TikTok, and even LinkedIn. But more noise also means more competition, and for that reason, it might be worth considering Pinterest as part of your social media strategy. Here, we’ll break down how Pinterest can drive sales for your brand in 2025 and offer insights into a different way to get your brand name out there. Key Takeaways Be shiny – Pinterest is ultimately a visual board, so your images need to be eye-catching and appealing! …
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldTo prosper, businesses need to take calculated risks. Relocations, hiring decisions and product launches are based, in part, on boardrooms making calls on how economic trends will play out. Yet, in Donald Trump’s America, it is difficult to have any conviction on where the economy will be next month, let alone next year. References to “uncertainty” and “tariffs” have dominated US companies’ earnings calls this season. Executives cannot commit to decisions when the range of outcomes stemming from the US…
What Are the Magnificent Seven? “Magnificent Seven” was originally a reference to a 1960 Western film, “The Magnificent Seven,” which was directed by John Sturges and depicts a group of seven gunmen. In the world of finance, the term has been repurposed to reference a group of seven high-performing and influential stocks in the technology sector, borrowing from the meaning of a powerful group. Bank of America analyst Michael Hartnett coined the phrase in 2023 when commenting on the seven companies commonly recognized for their market dominance, their technological impact, and their changes to consumer behavior and economic trends: Alphabet…
The Abu Dhabi Registration and Licensing Authority (ADRA) revealed significant growth in business licences and compliance indicators in the Emirate’s mainland and non-financial economic free zones during 2024. The number of new economic licences in the Emirate’s mainland increased by 16 per cent compared to 2023, underscoring Abu Dhabi’s attractiveness as a destination for local and international businesses and investments due to its business-friendly ecosystem and world-class transparency and governance standards. Additionally, Abu Dhabi witnessed a remarkable growth of 22 per cent of active licences in the non-financial economic free zones. Abu Dhabi business growth The number of “Real beneficiary”…
“I previously loaned a friend $7,000, and she later died.” Source link