Author: Arabian Media staff
Image credit: Saudi Press Agency /Website In a bid to streamline pilgrim accommodations ahead of the upcoming Hajj season, the Ministry of Hajj and Umrah has announced that licenses for facilities in Makkah and Madinah will now be issued through a temporary hostel licensing service. This initiative has been developed in partnership with the Ministry of Tourism and the Ministry of Municipalities and Housing. Read more-Umrah 2025: New digital platform launched for visas All applicants must register via the Nusuk Masar platform to qualify for leasing accommodations to pilgrims. Licenses must be obtained through the Ministry of Tourism’s electronic system…
Key Takeaways The richest Americans pay a lower effective tax rate than the country at large, according to a new study. A new paper published by the National Bureau of Economic Research (NBER) calculated total tax rates by combining corporate, individual income, and estate taxes. Wealthy Americans paid an effective tax rate closer to the rest of the country from 2010 through 2017, but that rate fell sharply once President Donald Trump’s Tax Cuts and Jobs Act went into effect in 2018. Polls have shown for decades that Americans believe the wealthiest among us don’t pay their fair share in…
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Key Takeaways A stock’s price is just its market tag; value comes from the company’s real business fundamentals. Media-driven frenzies (meme stocks, crypto booms) can make prices swing wildly, so don’t mistake a hot price for true worth. Buy strong companies cheaply and hold them. Focus on intrinsic value with a “margin of safety” and think like an owner. Defining Price vs. Value Warren Buffett draws a sharp distinction between a stock’s current market price and its long-term value. Other investors can benefit from understanding the distinction that Buffett sees. When we talk about price, we refer to the current…
Why does this matter more than ever? Because across the region, AI initiatives are accelerating at pace. In recent months alone, headlines have heralded multi-billion-dollar investments and landmark joint ventures. From AI research hubs to sprawling data centre builds, the Middle East is laying the groundwork for a tech-driven future. But amid all this momentum, it’s equally important to consider the human capability required to ensure these efforts deliver real value. All the advanced infrastructure, algorithms, and analytics tools in the world won’t amount to much if the people managing them can’t communicate clearly, build trust, or navigate challenges. The…
Homeownership is slipping further out of reach for millions of U.S. renters. Since 2019, about 1.8 million U.S. renter households have lost the ability to afford a median-priced home, and the share of renters who can buy has dropped from 17% to 12.7%, according to a recent Coldwell Banker Richard Ellis (CBRE) study. High prices and mortgage rates are primarily to blame, but there are signs that affordability may soon start to improve, said Travis Deese, associate director of multifamily research for CBRE. Why This Matters to You If you’re renting and hoping to buy a home, your path to…
Ras Al Khaimah has announced Wynn Boulevard, a new road and infrastructure project that will connect the UAE’s first gaming resort with the wider Emirates. The project was unveiled during the launch of Marjan Beach, the latest master development from state-backed developer Marjan. Officials confirmed that more than Dhs1bn ($272m) has already been committed to the construction of the new roadway. According to Graham Hallett, chief development officer at Marjan, Wynn Boulevard will link the resort through the Marjan Beach district to the E311 and E611 highways, providing connectivity to Dubai and the other emirates. Read: Inside Wynn Resorts’ plans…
Image: Getty Images Crude oil exports from Iraq’s Kurdistan region to Turkey’s Ceyhan port were halted on Friday because storage tanks had reached capacity, two energy sources with direct knowledge of the matter told Reuters. One of the sources said flows were expected to resume around 5 p.m. local Turkish time (1400 GMT). Source link
Source of Financial Information and Advice By Age Group 18-29 30-49 50-64 65+ Friends and Family 57% 50% 33% 33% Financial Websites 42% 43% 31% 23% Social Media 42% 24% 10% 4% Banks and Credit Unions 34% 35% 31% 27% Books 30% 26% 13% 8% Financial Advisors 27% 40% 45% 51% Source: Gallup Gallup also found that the higher a household’s income, the more likely they are to use a financial advisor. For example, only 20% of those with a household income of less than $48,000 use financial advisors/planners, compared to 54% of those making at least $90,000. Factors like…
Image credit: Tesla/Website Tesla has begun selling its Cybertruck in Qatar, the US electric vehicle maker said in a post on X on Friday, following the launch of its operations in Saudi Arabia earlier this year. The move underscores Tesla’s drive to widen its international reach as it faces slowing demand and intensifying competition in its core US and Chinese markets. Read more-Aldar to build UAE’s first Tesla Experience Centre on Yas Island Tesla entered Saudi Arabia in April, unveiling the Cybertruck and a refreshed Model Y at an event in Riyadh. The company said it would support regional sales…