Author: Arabian Media staff
When a parent passes away, the last thing on your mind might be their debt. However, in most cases, you don’t have to worry about inheriting their debt. When a person dies, their debts are generally settled by their estate or forgiven. Debts that you can inherit from your parents are debt that you’ve co-signed with them, debts on inherited property, and, in some states, medical debt. Key Takeaways Usually, a deceased parent’s debts are settled by the parent’s estate or forgiven, not inherited by a child.Debt collectors can make a claim against an estate, but they may not harass…
Image: Dubai Media Office/ For illustrative purposes Dubai is poised to attract a major surge of international wealth in 2025, potentially reshaping its role in the global financial system, according to a new report by real estate brokerage Betterhomes. Titled Dubai: No Longer a Pit Stop, But the Finish Line for Global Wealth, the report outlines how shifting global geopolitical and economic dynamics are fueling high-net-worth individual (HNWI) migration to the UAE. This, in turn, is transforming Dubai’s prime real estate landscape. In 2024, 6,700 millionaires relocated to the UAE. With 142,000 millionaires expected to migrate globally in 2025, Betterhomes…
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, aims to replicate its successful SME building strategy in India, Southeast Asia and Africa to the GCC, and plans to roll out an ambitious growth plan through a series of strategic tie-ups. The UK banking major arm is gearing up for a major expansion in the GCC region, with an aggressive strategy to tap into the region’s estimated over $200 billion financing opportunity, especially in the small and medium enterprise (SME) sector, its top executive revealed. “SMEs are the backbone of the economy, and our aim is to equip them…
The junk-bond market is showing signs of calmer times after positive developments in U.S. trade negotiations. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Foreign state investors will be allowed to take a stake of up to 15 per cent in British newspapers under government plans to allow media groups to tap into sovereign wealth to fund future deals. A new statutory instrument — a form of legislation — is set to be put before parliament on Thursday, the government confirmed. It was reported earlier on Wednesday by the FT.The decision comes after a deal by Abu Dhabi-backed RedBird IMI to acquire the Telegraph newspaper was…
If you’re reading this, chances are you already know about dropshipping, how it works, and some of the profits other people have made. But one big question may still remain. Does dropshipping work in 2025? After all, the concept of dropshipping is no longer new. Now, with more dropshippers joining the party every day, there is more competition than ever, with some being quick to claim that ‘dropshipping is finished.’ But that’s not entirely true. Instead, you need to be savvy, calculated, and driven to see success. Here, I’ll show you that dropshipping continues to be profitable in 2025 and…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The director-general of the World Trade Organization has warned that bilateral tariff deals between the US and other countries could damage a core principle of trade equality.In an interview with the Financial Times at the end of a visit to Tokyo this week, WTO chief Ngozi Okonjo-Iweala said global trade was in a “crisis” despite the recent de-escalation of a tariff war between the US and China.Japanese officials have privately expressed concern that a hastily negotiated US-UK trade agreement sealed this month…
More young people are stepping off the career treadmill—temporarily. Whether they call it a micro-retirement, an adult gap year, or a one-year sabbatical, the goal is the same: a purposeful break from full-time work without derailing long-term financial goals. One key to making that happen? Funding it through a brokerage account—and not your 401(k). Here’s what you need to know about using a brokerage account to fund your micro-retirement. Key Takeaways A brokerage account offers flexible access to your money without penalties, but smart planning is necessary to help avoid tax surprises and long-term savings setbacks. Plan at least five…
As part of a strategic expansion, Majid Al Futtaim is set to open 30 new stores across the GCC, encompassing both luxury and high street brands. The luxury additions include five standalone Eleventy boutiques, the regional debut of Corneliani, and Poltrona Frau’s first store outside the UAE, located in Saudi Arabia. Read-Majid Al Futtaim to launch over 30 new stores in GCC “These openings reflect our continued investment in building a strong, differentiated luxury fashion and home portfolio in high-performing destinations,” said Fahed Ghanim, CEO of Majid Al Futtaim Lifestyle. The new Eleventy stores include recent openings at Solitaire Mall…
The innovative hiring platform ‘Dandelion Civilization’, promoted by entrepreneur Dmitry Zaytsev, not only aims big by helping companies to go beyond résumés and AI screenings to uncover real human potential to boost hiring success rates by over 40 per cent, but equally to equip candidates to understand themselves better, improve their skills, and ultimately find more fulfilling careers. The startup, set for a grand take off in Dubai next month, aiming to garner a major chunk of an estimated $150 million market over the next 2-3 years, is currently in talks with some of the leading corporate groups in the…