Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Europe needs less regulation and a better industrial strategy to sustain car manufacturing in the face of the “very clear direction” set by Donald Trump’s administration and growing Chinese competition, the chiefs of Stellantis and Renault have warned.“Europe needs to decide what it wants to do in terms of its industrial policy,” Stellantis chair John Elkann told the FT’s Future of the Car summit on Thursday. “Does it want to be a [bloc] that builds cars or [one that] buys cars? That’s…
What Is Short Selling? Short selling is a strategy that makes money when a stock falls in price. It is also called “going short” or “shorting.” This is an advanced strategy that only experienced traders should try. An investor borrows a stock, sells it, and then buys the stock back to return it to the lender. Short sellers hope that the stock they’re shorting will drop, so they can buy it back at a lower price and return it to the lender. The profit is the difference in price between when the investor borrowed the stock and when they returned it. Key…
Image: Supplied Two years into his role as CEO of AlUla Development Company, Fabien Toscano reflects on the journey of transforming one of Saudi Arabia’s most treasured cultural destinations into a global tourism and hospitality hub. As the company unveils new projects like NUMAJ in collaboration with Marriott and aligns with Vision 2030’s ambitions, Toscano shares how the team is balancing development with preservation, empowering local communities, and embracing environmentally-sensitive design to welcome two million annual visitors by 2035 — without compromising AlUla’s unique spirit. It’s been two years since the launch of AlUla Development Company. How would you describe…
UAE-based venture builder Disrupt.com announced a $100 million commitment to build and back AI-first technology ventures globally. The firm’s $100 million commitment targets five strategic sectors: artificial intelligence as a cross-cutting theme, plus cybersecurity, Web 3.0, automotive technology, and retail innovation. The company said it primarily targets pre-seed to Series A stage startups that demonstrate strong organic growth potential and clear paths to profitability. The announcement comes as regional funding has declined sharply, with MENA venture capital investment down 29 per cent to just under $2 billion in 2024, according to Magnitt. Global AI venture funding Disrupt.com said its current…
Coinbase said customer passwords and private keys were protected by its systems, and “at no time were any of the targeted contractors or employees able to access customer funds.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Aviva boss Amanda Blanc has defended the insurer’s £3.7bn swoop for Direct Line, insisting it would not harm competition, after UK regulators launched a probe into the deal this week. The Competition and Markets Authority said on Wednesday that it was probing the takeover, with the combined group expected to control about a fifth of the UK motor and home insurance markets. But Blanc insisted on Thursday that the deal would not harm consumers. “Customers will speak with their feet, because there…
Starting a business can be tricky. Not only does it require a lot of time and effort, but it can also be very daunting to consider quitting your 9-5 without knowing whether or not you’ll be successful. With that in mind, I’ve pulled together eight unique side hustles for you to try this year. The aim is to provide you with potential side hustle ideas that you can scale and grow into full-time businesses over time. That way, you can build an audience and an income stream before taking the ultimate leap and laying the foundations for your future success.…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Walmart has warned customers to expect higher prices despite this week’s deal between the US and China to slash punitive tariffs.The world’s biggest retailer is particularly exposed to US President Donald Trump’s trade war, with China and Mexico its largest source of imports. Goods sourced from overseas make up a third of the merchandise it sells in the US.Washington and Beijing agreed this week to a cut in tariffs for 90 days, with the US temporarily slashing levies on Chinese imports to…
Wealthfront and Schwab Intelligent Portfolios are distinct enough to make the choice rather easy regarding which is best for you. If you don’t have the $5,000 minimum required by Schwab Intelligent Portfolios, then Wealthfront’s $500 account minimum is an easier bar to clear. In terms of fees, however, Schwab Intelligent Portfolios has no fees compared to 0.25% at Wealthfront. Both robo-advisors offer some level of portfolio customization, and Schwab’s Intelligent Income option is a find for those seeking sustainable cash flow. Knowledgeable Wealthfront users can put their own stamp on the portfolio by adding additional exchange-traded funds (ETFs). Wealthier investors…
Image credit: Etihad Rail/X account Etihad Rail has announced that its high-speed passenger train service is scheduled to launch in 2026. The announcement was made via the company’s official X (formerly Twitter) account. We’re honoured to have been hosted by H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, where H.H. Sheikh Hamdan received a delegation from Etihad Rail at Al Dhanna Palace, led by H.E. Shadi Malak, CEO of Etihad Rail. During the meeting, we… pic.twitter.com/wnWGj800hL — Etihad Rail (@Etihad_Rail) May 9, 2025 First revealed in January 2025, the project aims to build the UAE’s…