Author: Arabian Media staff
Image: Getty Images The Statistics Centre – Abu Dhabi (SCAD) announced that the emirate’s real Gross Domestic Product (GDP) reached Dhs306.3bn in the second quarter of 2025, marking a 3.8 percent increase compared with Q2 2024. The non-oil economy grew 6.6 per cent year-on-year to a record Dhs174.1bn, accounting for 56.8 per cent of total GDP—the first time non-oil activity has exceeded half of GDP in a second quarter. Across the first half of 2025, Abu Dhabi’s economy recorded real GDP of Dhs597.4bn, up 3.63 per cent compared with H1 2024. Non-oil activities expanded 6.37 per cent to Dhs337.6bn, underscoring…
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We know that the earlier you learn the basics of how money works, the more likely you will be confident and successful with your finances later in life. It’s never too late to start learning, but it pays to start the earliest you can. The first steps into the world of money start with awareness about the need to be educated and immersed into good money habits, and then with education on how to do so. Banking, budgeting, saving, credit, debt, and investing are the pillars that support most of the financial decisions that we’ll make in our lives. At Investopedia, we have more than 36,000…
Key Takeaways These six towns show that retirees can enjoy comfort and quality of life without breaking the bank. In fact, in four of the six counties featured, median home values are under $130,000—offering significant value for those seeking a peaceful retirement. From Gregory’s hunting traditions and Tryon’s equestrian scene to Parker’s lively senior center, each town offers distinct avenues for retirees to stay engaged, active, and connected to the community. Research shows that many Americans dream of spending their golden years in a small town, favoring the tranquillity of a slower pace over the relentless energy of big cities…
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Key Takeaways Several states—including Alaska, Colorado, Georgia, and New York, and New Jersey—are sending money to residents in 2025. The reasons vary.Alaska residents can receive money every year through the state’s Permanent Fund.Colorado and New York are providing sales refund checks to residents.Virginia and Georgia are sending tax rebates based on tax liabilities from previous years. Who doesn’t love getting some extra cash? This year, in some states, residents will receive checks or direct deposits from their state government for everything from refunds for inflation, dividends for revenue generated from oil royalties, and tax rebates. Here’s who qualifies. Alaska Established…
Key Takeaways Warren Buffett’s 19.9% annual returns over 60 years show how buy-and-hold investing amplifies compounding through tax deferral. The Oracle of Omaha learned tax efficiency lessons from the Li’l Abner comic strip character’s quest to double his money 20 times. Berkshire Hathaway’s $681 billion after-tax gains versus $22,370 from frequent trading illustrate the massive cost of “tax drag.” Warren Buffett’s $26.8 billion tax payment in 2024—the largest corporate tax bill in U.S. history—represents roughly 5% of all federal corporate income taxes collected last year. But before becoming America’s biggest taxpayer, Buffett learned one of his most valuable lessons from…
AI investment surged to $252.3 billion in 2024, up 44.5% from the previous year, as companies rushed to capitalize on the technology’s promise. But this massive expansion is increasingly fueled by debt at a time when borrowing costs haven’t come down. Oracle (ORCL) alone needs to borrow an estimated $25 billion annually to fulfill its OpenAI contracts. CoreWeave (CRWV), Nebius (NBIS), and other AI infrastructure companies are taking on billions in creative financing deals. With the AI market expected to reach $1.81 trillion by 2030, the question is whether these debt-laden bets will pay off. As companies burn through cash…