Author: Arabian Media staff
Charlie Munger, the former Berkshire Hathaway Inc. (BRK.A, BRK.B) vice chair and Warren Buffett’s long-time right-hand man, argued that investors must be prepared for a brutal reality: If you can’t stomach a 50% decline in your portfolio, you’ll never achieve exceptional results. While many hope for an easy path to wealth, Munger’s rule remains one of the most straightforward and most challenging tests for anyone serious about investing in stocks over the long term. The 50% Drop Test That Separates Winners From Losers “You can argue that if you’re not willing to react with equanimity to a market price decline…
Image credit: WAM/Website The 24th edition of Ru’ya Careers UAE Redefined concluded on September 25 at Dubai World Trade Centre (DWTC), marking a record-breaking year for Emirati employment opportunities. Over three days, thousands of jobseekers engaged with recruiters, while employers conducted on-site interviews at scale, highlighting Ru’ya’s growing influence as the UAE’s leading employment and skills platform. Read more-UAE is using AI to hire: What skills do you need to land a job? Key sectors including aviation, healthcare, retail, insurance, digital services, and logistics were represented. The Get Hired! initiative played a pivotal role in accelerating interview processes and driving…
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Key Takeaways The number of millionaire renter households grew significantly from 4,500 in 2019 to 13,700 in 2023.For many wealthy households, renting is less about cost and more about flexibility, lifestyle, and keeping money stashed in other investments.Renting luxury properties lets millionaires avoid ownership burdens like maintenance, high transaction costs, and market timing risks. While millionaires can afford to buy homes, many are choosing to rent instead, potentially reflecting a desire to have more flexibility. Between 2019 and 2023, the number of households with renters who had incomes of $1 million or more increased from 4,500 to 13,700, a more…
Key Takeaways Medicare charges monthly premiums for Part B (outpatient care) and Part D (prescriptions). Payments are usually drawn from Social Security, but you can have a bill mailed to you that you pay by check, card, or bank transfer. Part B bills cover three months at once, leading to big first-time charges—plus, possible income-based surcharges or late penalties. Penalties can last a lifetime, so enrolling on time is essential. You qualify for Medicare after paying Medicare taxes your entire career. While those taxes cover most of your costs, Medicare still charges additional premiums to enrollees. These premiums can be…
Image credit: Getty Images WhatsApp, the messaging giant with more than 3 billion users in over 180 countries, is expanding its efforts to make global communication seamless by introducing message translations. Announced in a recent WhatsApp blog post, this feature enables users to translate messages in real-time, breaking down language barriers that often hinder clear communication. Read more-New WhatsApp features updates: What’s changing in your app The new translation feature is accessible by simply long-pressing a message and tapping ‘Translate.’ Users can select the language they want to translate from or to, and save these preferences for future use. This…
Image credit: Getty Images In a decisive move to address soaring real estate prices and improve housing accessibility, Saudi Arabia has enacted a five-year rent freeze across Riyadh’s residential and commercial properties, effective September 25, 2025. This sweeping reform, enforced via royal decree, aims to bring stability to the rental market, ensure equitable relations between landlords and tenants, and support the Kingdom’s broader urban development goals. The landmark policy follows an earlier directive by Crown Prince and Prime Minister Mohammed bin Salman, who in March 2025 ordered a comprehensive strategy to stabilise land and rental prices in the capital after…
Image: Supplied MAAIA, the global real estate developer renowned for its European-inspired craftsmanship, has officially broken ground on La Clé, its boutique residential development in Al Furjan. Scheduled for completion in Q1 2027, the milestone marks a major step forward in bringing the premium project to life. La Clé will comprise 56 premium residences, including one-, two- and three-bedroom apartments, alongside a limited number of units with private pools—an exclusive feature in the Al Furjan community. Designed to integrate nature into everyday living, the project combines modern layouts, premium finishes and a community-focused lifestyle. “Our ambition is to contribute to…
Image credit: WAM Dubai has officially cemented its place among the top four global FinTech hubs, according to the latest Global Financial Centres Index (GFCI) released on September 25. The achievement marks a significant leap in Dubai’s journey toward becoming one of the world’s leading financial capitals, and underscores the strategic role of the Dubai International Financial Centre (DIFC) as a catalyst for innovation and growth in the region. This prestigious recognition reaffirms Dubai’s leadership in the Middle East, Africa and South Asia (MEASA) region, elevating its profile on the global financial stage and reinforcing investor confidence in the city’s…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link