Author: Arabian Media staff

For the second year in a row, China (including Hong Kong) and India had the second- and third-highest number of billionaires with 516 and 205, respectively. India’s Mukesh Ambani was the 18th-richest billionaire with $92.5 billion, while TikTok co-founder Zhang Yiming of China was the 23rd-richest person with a net worth of $65.5 billion. A total of 288 new billionaires entered the list in 2025, including some famous names: Bruce Springsteen, with a net worth of $1.2 billionArnold Schwarzenegger, with a net worth of $1.1 billionJerry Seinfeld, with a net worth of $1.1 billion Forbes has been publishing its list…

Key Takeaways Millennials are surpassing their parents in retirement account participation. 401(k)s are a favorite retirement vehicle for millennials. The automatic enrollment option has significantly increased the number of 401(k) participants. Millennials face significant financial challenges, including child care costs, student loan debt, and rising housing costs. Millennials are diving headfirst into saving for retirement. In 2016, 59.3% of baby boomers held retirement savings accounts. By 2022, the boomer participation rate had dropped to 57%, while their millennial-aged children had surpassed them, with a participation rate of 61.5%.  Today’s workers have more retirement plan options than their predecessors. The 401(k)…

The forex market, unlike other exchange-driven markets, has a unique feature that many market makers use to entice traders. They promise no exchange fees or regulatory fees, no data fees and, best of all, no commissions. To the new trader just wanting to break into the trading business, this sounds too good to be true. Trading without transaction costs is clearly an advantage. However, what might sound like a bargain to inexperienced traders may not be the best deal available — or even a deal at all. Here we’ll show you how to evaluate forex broker fee/commission structures and find the…

In 1993, Allfirst Bank hired a currency trader to shift the bank’s forex (FX) operations from a merely hedging endeavor to one that would yield profits and boost the bank’s bottom line. To this end, Allfirst brought on John Rusnak, who had a decent track record in foreign currency trading at Fidelity and Chemical Bank. Specifically, Rusnak seemed adept at matching options with forward contracts to hedge against risk. John Rusnak was bullish on the yen. He believed the yen had taken all the damage it could following the bursting of the Japanese bubble. Further, Rusnak believed the yen would appreciate consistently…

Game theory was once hailed as a revolutionary interdisciplinary phenomenon bringing together psychology, mathematics, philosophy and an extensive mix of other academic areas. Some 11 game theorists have been awarded the Nobel Memorial Prize in Economic Sciences for their contributions to the discipline, but beyond the academic level, is game theory actually applicable in today’s world? Yes! Key Takeaways Game theory is fundamental in analyzing economic environments characterized by oligopolies. Competing companies must decide whether to adhere to a basic pricing structure or to deviate by undercutting prices, impacting overall market dynamics.Beyond oligopolies, game theory offers frameworks applicable to diverse business…

Economics is a social science that examines how people produce, distribute, and consume goods and services. This means that much of the field is based on human behavior, which can be somewhat irrational and unpredictable. For this reason, economics is a science with certain inherent limitations that prevent its practitioners – economists, that is – from being able to predict markets’ performance accurately and know exactly how certain policies will affect different sectors and economies. Key Takeaways Economics is heavily influenced by human behavior, which is often unpredictable and irrational. This leads to inherent limitations in predicting market performance accurately.Unlike…

Image: ADX The Abu Dhabi Securities Exchange (ADX) has listed the region’s first-ever thematic exchange-traded fund (ETF), offering investors direct exposure to the rapidly growing quantum computing sector. The Boreas Solactive Quantum Computing UCITS ETF, trading under the symbol QUANTM, is the 17th ETF to be listed on the ADX and the second this year. The new fund tracks the Solactive Developed Quantum Computing Index, providing investors with a single, tradable security that offers exposure to 25 companies at the forefront of quantum computing. The ETF includes global mega-cap companies such as Alphabet, Amazon, IBM, Microsoft, and NVIDIA, reinforcing ADX’s…

Key Takeaways Gregory, South Dakota, experiences few natural disasters, helping retirees avoid high insurance premiums and costly property damage. The cost of living is well below the national average, with a 2025 median home price of $240,000 and lower everyday expenses. South Dakota has no personal income tax, and seniors may also qualify for property tax relief programs that further reduce expenses. Climate change doesn’t just affect weather and the environment—it can also impact your retirement. Living in an area prone to natural disasters may mean higher insurance premiums, steeper utility bills, and costly home repairs. To help avoid those…

A contingent liability is an existing condition or set of circumstances involving uncertainty regarding possible business loss, according to guidelines from the Financial Accounting Standards Board (FASB). In the Statement of Financial Accounting Standards No. 5, it says that a firm must distinguish between losses that are probable, reasonably probable or remote. There are strict and sometimes vague disclosure requirements for companies claiming contingent liabilities. Key Takeaways Contingent liabilities are potential obligations that depend on uncertain future events. They must be classified as probable, reasonably probable, or remote, according to FASB guidelines.Only contingent liabilities deemed probable and with estimable amounts are recognized on a company’s financial statements.…

Savers who deliberately buy tangible assets for investment purposes value their tangible goods as a form of value diversification and as a hedge against economic uncertainty. Some might believe that tangible assets represent a higher chance of high returns than capital assets, such as stocks and bonds. You should consider investing in tangible assets if and when they make sense as part of your overall financial plan. Tangible assets exist outside of an account balance, financial statement or exchange market. Put another way, tangible assets have a physical form and natural value. It’s likely that you have already invested in…