Author: Arabian Media staff

Image: AviLease Saudi Arabia’s Hassana Investment Company has partnered with AviLease, the aircraft lessor owned by the Public Investment Fund (PIF), to establish a dedicated aircraft leasing joint venture, the companies said on Monday. Hassana will hold a majority stake in the venture, while AviLease will act as the aircraft service provider. The JV will target both international and local investors, aiming to broaden access to aviation financing while supporting Saudi Arabia’s National Aviation Strategy. JV to acquire aircraft from AviLease As its first transaction, the joint venture will acquire 10 fuel-efficient aircraft from AviLease, currently leased to Saudi-based airlines.…

For many people, marriage brings many benefits, including financial ones. But don’t be surprised if you have a significant other who believes that getting married is more of a financial liability than a benefit. That mindset is more common than you’d think. There’s a long-held belief that married couples pay more in taxes than single people. This is largely untrue for many couples. Moreover, there are several additional reasons why marriage makes financial sense. Read on for the details on the financial benefits of marriage. Key Takeaways For most couples, marriage makes financial sense. The so-called marriage penalty has not…

Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame. If market prices become unfavorable for option holders, they will let the option expire worthless and not exercise this right, ensuring that potential losses are not higher than the premium. If the market moves in a favorable direction, the holder may exercise the contract. Options are generally divided into “call” and…

Key Takeaways The average retired household spends around $5,000 per month, with housing, healthcare, and food being the largest expense categories.With a median 401(k) balance of $210,724, retirees relying on the 4% withdrawal rule and Social Security benefits often face a shortfall in covering monthly costs.Retirees can bridge the gap by boosting savings, delaying retirement, cutting discretionary expenses, or exploring additional income sources like part-time work or rental properties. One of the most pressing questions individuals face is: How much money will I need to maintain a comfortable lifestyle once I stop working? To answer that question, you have to…

When a publicly traded company announces a corporate action, the savvy investor knows it’s an event likely to impact the stock price. If you’re a shareholder or considering buying company shares, you need to understand how an action will affect the company’s stock. Corporate actions can also indicate a company’s financial health and prospects in the near term. Key Takeaways A corporate action is any activity that brings material change to an organization and impacts its stakeholders. These events typically need to be approved by the company’s board of directors. Corporate actions can be voluntary, when investors choose to participate,…

The New York Stock Exchange (NYSE) and the Nasdaq did not open for trading on Tuesday morning, Sept. 11, 2001 as terrorists attacked the World Trade Center and Pentagon. The terrorist attack on caused a sharp plunge in the stock market and a $1.4 trillion loss in market value. Key Takeaways The terrorist attack on Sept. 11, 2001 was marked by a sharp plunge in the stock market, causing a $1.4 trillion loss in market value.The first week of trading after the attacks saw the S&P 500 fall more than 14%, while gold and oil rallied.The industries most directly impacted…

When America was attacked by terrorists on Sept. 11, 2001, the entire business community felt the blow. Stock markets immediately nosedived, and almost every economic sector was economically damaged. The U.S. economy was already suffering a moderate recession following the dot-com bubble, and the terrorist attacks added further injury to the struggling business community. Miraculously, however, the markets and business in general bounced back in a relatively short time. By the end of the year, the U.S. Gross Domestic Product (GDP), the total value of all goods and services, had increased over the previous year about 1%, to more than…

Key Takeaways Failing to plan for health care can ravage your retirement finances and even family relationships. A typical 65-year-old couple will need about $330,000 for health care in retirement, according to Fidelity. Medicare covers only part of medical costs and provides little help with long-term care. Long-term care can cost more than $100,000 a year and quickly drain savings. Most Americans are woefully unprepared for the true cost of health care in retirement. Fidelity estimates that a 65-year-old couple needs about $330,000 saved to cover medical expenses in retirement, excluding long-term care, which can add hundreds of thousands more.…

For Gen Xers entering their 50s, downsizing isn’t just a matter of square footage; it’s about freeing up cash flow, reducing stress, and preparing for a confident retirement. But the right timing depends on more than just age. Many Gen Xers still carry mortgages and are managing rising costs. The average monthly mortgage payment exceeds $2,300, squeezing budgets as retirement nears. As adult children move out and lifestyle needs change, downsizing to a smaller home can be a practical way for Gen Xers to better align their retirement living arrangements with their financial goals. Key Takeaways Downsizing can reduce financial…

Image: Supplied Red Sea Global (RSG), the Saudi developer behind The Red Sea and AMAALA tourism projects, will open the first phase of resorts and attractions on Shura Island in the coming weeks, marking a key milestone in the Kingdom’s efforts to expand luxury tourism. The initial launch includes the debut of three hotels, SLS Red Sea, The Red Sea EDITION, and InterContinental The Red Sea Resort,  as well as Shura Links, the country’s first island golf course. “As the heart of The Red Sea, Shura Island represents everything Red Sea Global stands for: bold ambition, deep respect for nature,…