Author: Arabian Media staff
Key Takeaways Traditional retirement planning focuses solely on the goal of retirement, while “die with zero” planning focuses on achieving many goals throughout your life. “Die with zero” encourages spending on memorable experiences and generous giving during your lifetime, but it doesn’t allow you to leave an inheritance to your loved ones and comes with the risk of running out of money in retirement. It’s possible to balance traditional retirement planning with a “die with zero” mindset to maximize enjoyment throughout your life while minimizing financial risk in retirement. Traditional retirement planning encourages saving throughout your working years, often by…
Image: Supplied On the sidelines of the Global Cybersecurity Forum Annual Meeting 2025, Mohamed Ben Amor, director general of the Arab Information and Communication Technologies Organization (AICTO), outlines how regional and international organisations can strengthen cybersecurity, balance AI’s risks and opportunities, and position the Arab region as a proactive contributor to global digital governance. Here are excerpts from the discussion. What role should regional and international organisations play in strengthening global cybersecurity? Regional and international organisations are critical in shaping a coordinated and resilient global cybersecurity ecosystem. They act as facilitators of collaboration, bringing together governments, the private sector, academia,…
Ahmed Elnaggar, founder and managing partner of Elnaggar & Partners/Image: Supplied The UAE has become one of the world’s top destinations for startup founders and investors, thanks to welcoming policies, strong regulations, and global market access. But alongside the opportunities, many first-time entrepreneurs face seasoned investors who know exactly how to structure deals in their favour As founder and managing partner of Elnaggar & Partners for Legal Consultation and Corporate Services, and having established the Emirates Legal Network Association, I witness this dynamic daily across the UAE’s thriving startup ecosystem. Too many founders rush into agreements, whether shareholder contracts, employment…
Image: ALEC Holdings ALEC Holdings, the Dubai-based engineering and construction group, priced its initial public offering (IPO) at the top of the indicated range, raising Dhs1.4bn ($381m) in the UAE’ largest construction sector IPO to date. The company sold one billion shares at Dhs1.40 each, implying a market capitalisation of Dhs7bn ($1.91bn) at listing, ALEC said in a statement. The sale represents 20 per cent of the company’s share capital, all offered by the Investment Corporation of Dubai (ICD), which will retain an 80 per cent stake. The offering drew Dhs30bn ($8.1bn) in orders, more than 21 times oversubscribed, with…
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Image: Supplied In a move that underscores the UAE’s ambition to lead the global AI race, Lakeba Group, the University of Wollongong in Dubai (UOWD), DoxAI, and AqlanX have signed a strategic agreement to establish the Centre of Excellence for Artificial Intelligence—the first of its kind in the region. Catalysed by the NextGen FDI initiative, led by Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, the Centre will empower the private sector to support the nation’s mission of shaping its digital future through local talent development, research, and infrastructure. “Through the NextGen FDI Initiative, we are creating…
Image: Supplied Tissoli, a real estate and investment collective redefining luxury living, has signed an agreement with Italian design house Pininfarina to deliver Palazzo Tissoli, a landmark Dhs1.2bn residential development on Al Marjan Island in Ras Al Khaimah. The collaboration marks Pininfarina’s first architectural project in the emirate. The partnership was formalised at a signing ceremony at Fairmont The Palm, attended by Khaled Assaf, commercial director of Marjan; Pooja Rathore, COO of Tissoli; Fabio Calorio, senior vice president of Pininfarina; and Umar Bin Farooq, founder and CEO of One Broker Group (OBG). Set along Al Marjan Island’s prime waterfront, Palazzo…
Image: Getty Images Kent, a global firm in integrated energy services, has been appointed by ACWA Power as Owner’s Engineer for the Yanbu Green Hydrogen Hub—one of the world’s largest planned green hydrogen and ammonia export facilities. The project is a flagship component of Saudi Arabia’s clean energy transition strategy and aligns closely with Vision 2030. Located in the Red Sea port city of Yanbu, the hub will integrate the entire green hydrogen value chain, including renewable power generation, desalination plants, ammonia production, and an export terminal. Once fully operational, it is expected to produce up to 400,000 tonnes of…
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L to R: Sherif ElRafie, CEO of ABK Capital and Abdulaziz Jawad, chairman of ABK Capital–Kuwait/Image: Supplied (edited) ABK Capital DIFC, the newly established subsidiary of ABK Capital in the Dubai International Financial Centre (DIFC), has announced the launch of several “preferred business partnerships” with leading international firms, including LGT Bank (Switzerland) Ltd. This development builds on ABK Capital’s series of strategic alliances with top global partners such as Blackstone and BlackRock and marks a significant milestone in its mission to enhance client offerings with access to world-class financial institutions, innovative investment solutions, and Swiss private banking expertise. Partnership with…