Author: Arabian Media staff
Image: Supplied Dubai Taxi Company (DTC), together with its strategic partner Bolt, has entered into an alliance with Kabi by Al Ghurair and UAE-based ride-hailing app Zed to integrate their fleets and expand e-hailing services in Dubai. Kabi is part of Al Ghurair, one of the region’s largest family-owned conglomerates with operations in more than 20 countries. The agreement was signed by Mansoor Rahma Alfalasi, CEO of DTC, and Badr Al Ghurair, CEO of Kabi, Al Ghurair Mobility. The partnership will see DTC’s 6,200 taxis and Kabi’s 3,680 taxis integrated into Bolt and Zed platforms, with future additions to both…
Attendees at the Gulf Business Awards 2025 The Gulf Business Awards 2025, held on September 24 at The Westin Dubai Mina Seyahi Beach Resort & Marina, was nothing short of spectacular. Now in its 13th year, the event once again cemented its reputation as the region’s premier platform for celebrating innovation, resilience, leadership, and excellence across industries. With more than 400 of the Gulf’s most influential executives, entrepreneurs, and decision-makers in attendance, the evening was a celebration not only of the winners, but of the remarkable progress and transformation taking place across the region’s business landscape. The Westin Dubai Mina…
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Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe world’s trade and macro wonks have a new and exciting drama to watch. When will the Trump tariffs hit American consumers with higher prices? Will tariff inflation be like the poet Richard Armour’s description of shaking a ketchup bottle, “None will come, and then a lot’ll”? Or will it be Samuel Beckett’s Godot, always expected but never arriving? Will the Supreme Court, like a disinflationary vigilante posse, head off price rises at the pass by gunning down the tariffs…
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Key Takeaways The Federal Reserve cut its federal funds rate in September 2025—the first time since late 2024. Rates for certain financial products may change fairly quickly in response to this adjustment, but credit card APRs aren’t guaranteed to follow suit. Credit card rates are indirectly influenced by the federal funds rate, but there are several factors that determine your final credit card APR. Set by the Federal Reserve’s Federal Open Market Committee (FOMC), the federal funds rate is what one bank can charge another for an overnight loan. This rate has rightfully come to be known as a guiding…
Key Takeaways 401(k) plan providers must release 404(a)(5) Participant Fee Disclosures to plan administrators and participating employees at least once a year. This paperwork must detail all fees charged to their 401(k) plans and the amounts. Likely charges include investment fees, administration fees, and individual service fees. The 404(a)(5) disclosure offers a comparison tool to help you identify the least costly options for your 401(k). It takes money to make money, as they say, and 401(k) retirement plans are an example of this. In addition to the contributions to the plan, you also must pay the provider maintenance and management…
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