Author: Arabian Media staff
Convertible bonds give bondholders the right to convert their bonds into another form of debt or equity at a later date, at a predetermined price and for a set number of shares. Reverse convertible bonds give the issuer the right, but not the obligation, to convert the bond’s principal into shares of equity, cash or another form of debt at a set date. In other words, convertible bonds and reverse convertible bonds both offer the same sort of conversion rights—but those rights belong to different parties. With both instruments, the conversion feature is essentially a sort of embedded derivative, known as…
Key Takeaways Amazon’s click-to-purchase tiny home models may be convenient and cost a fraction of conventional homes, but there are zoning and logistical barriers to consider.Tiny homes may be ideal for downsizers or those looking to become homeowners for the first time, but they may not be right for everyone.Tiny homes may fill a niche, but they are unlikely to fully disrupt traditional housing, at least in the near term. The U.S. housing crisis is becoming impossible to ignore—mortgage rates in the U.S. are averaging around 6.70% for 30-year fixed loans, making borrowing more expensive than it was a few…
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Gold fell on Tuesday as investors booked profits after prices hit a record high earlier in the session, while concerns about a looming US government shutdown and increased bets of a Federal Reserve rate cut limited losses. Spot gold fell 0.7 per cent to $3,805.99 per ounce, after rising 1 per cent to hit a record high of $3,871.45 during Asia hours. Bullion has risen 10.5 per cent so far in September, and is on track for its biggest monthly percentage gain since July 2020. Swissquote external analyst Carlo Alberto De Casa said gold has pared gains on profit-taking after rising as much as…
Entrance to a Spinneys supermarket in Dubai, UAE. (Credit: Getty Images) Spinneys, which first opened its doors in Dubai’s Al Nasr Square in 1961, is now set to expand into Southeast Asia. The UAE-based premium grocer has signed a joint venture with conglomerate Ayala Corporation to launch a series of supermarkets in the Philippines, marking a new chapter in its international growth story. Under the agreement, Ayala will hold a 60 per cent stake and Spinneys a 40 per cent. The first store is scheduled to open in the fourth quarter of 2026, with a pipeline of further outlets to…
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Moksh Garg, managing director of Centurion Properties/Image: Supplied Centurion Properties has officially unveiled Burj Capital Business Bay, a Grade A+ office tower designed to redefine Dubai’s commercial real estate landscape. The launch event, held on September 29, 2025, at JW Marriott Marquis Hotel, marked the opening of Phase 2 of the project and positioned the tower as one of the most prestigious commercial developments in the region. Strategically located in Business Bay, minutes from Burj Khalifa, Dubai Mall, DIFC and Dubai Design District, Burj Capital embodies Dubai’s ambition as a global hub of enterprise and innovation. With more than 238+…
Saving for retirement is one of the smartest steps you can take for your financial future. And with higher 401(k) contribution limits in 2025, now is a great time to review your plan and make sure you’re taking full advantage of this tax-deferred account. Here are four simple and effective ways to maximize your 401(k) contributions this year. Set Up Automatic Increases One of the easiest ways to grow your 401(k) savings over time is by setting up automatic contribution increases. If your 401(k) plan allows you to schedule small annual boosts to your contributions, it can help you steadily…
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Image: Getty Images The Turkish Central Bank’s gross total reserves are expected to rise by $4bn to a record $183bn as of last week, according to the calculations of four bankers. Earlier this month, traders said the central bank had again started bolstering its foreign exchange stockpile after selling nearly $10bn in two weeks to curb a downturn in the lira, stocks and bonds due to renewed political risks. The bankers said the central bank’s net reserves were also expected to increase by $2.5bn to $73bn, while its net reserves excluding swaps were expected to increase by $4bn to $57bn. The…
