Author: Arabian Media staff
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The funds in your 401(k) retirement plan can be tapped for a down payment for a home. You can either withdraw or borrow money from your 401(k). Each option has major drawbacks that could outweigh the benefits. Key Takeaways You can withdraw funds or borrow from your 401(k) to use as a down payment on a home.Choosing either route has major drawbacks, such as an early withdrawal penalty and losing out on tax advantages and investment growth.It’s wise to try to not take or borrow cash from your 401(k)—and your future. Withdrawing From a 401(k) The first and least advantageous…
Candlestick charts are a cornerstone in technical analysis and perhaps one of the earliest forms of technical analysis, having been developed in the 18th century in Japan by rice trader Munehisa Homma. They help traders and investors quickly assess price movements and short-term market sentiment. Key Takeaways Candlesticks originated in Japan and are useful for recognizing market sentiment and the balance of power between bulls and bears.Key components include the real body, shadows, and color.Understanding bullish and bearish patterns helps predict short-term price movements.Candlesticks offer visual and analytical advantages over other chart types.Due to their limitations, they are best used…
Key Takeaways Incorporating real estate into your retirement plan can provide passive income, tax advantages, and a hedge against inflation after you stop working. Ways to incorporate real estate into your retirement portfolio include owning investment properties, participating in real estate crowdfunding, and buying shares in a real estate investment trust (REIT). As with any investment, real estate comes with downsides, including market risk, as well as the fees and expenses associated with each kind of investment. If you don’t have an employer-sponsored 401(k), there are other ways to build an income plan for retirement. One of these is having…
Several explosions were reported in Qatar’s capital, Doha, on Tuesday, amid claims that Israel attempted to target senior Hamas officials. According to Israeli army radio, the strike was aimed at Hamas leaders, including Khalil al-Hayya, the group’s Gaza chief. Qatari broadcaster Al Jazeera, citing a Hamas source, said the attack specifically targeted members of the group involved in ceasefire negotiations over Gaza. Witnesses told Reuters they heard multiple blasts in the city. While details remain unclear, Israeli media cited a senior official who said the operation focused on top Hamas figures believed to be in Qatar. Qatar has been a…
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Image: RTA/ Dubai Media Office Dubai’s Roads and Transport Authority (RTA), in collaboration with the Department of Economy and Tourism (DET), has issued a new executive regulation governing tourist transport activity in the emirate. The regulation, enacted under Administrative Decision No 97 of 2025 pursuant to Executive Council Resolution No. 107 of 2023, sets out detailed rules for the sector. Authorities said the initiative is aimed at establishing an integrated tourist transport system that reinforces Dubai’s position as a leading global destination. Officials noted that the regulation seeks to enhance service quality, improve safety and comfort standards for tourists, and…
Image credit: wamnewsen/Instagram The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) in the UAE has simplified the renewal and replacement process for Emirates ID cards. As part of the second phase of the Zero Bureaucracy Programme, the authority has combined these services into a single-step procedure, aiming to save time and reduce paperwork for citizens. Applicants now only need to submit their request and pay the applicable fees. The system automatically sets the card’s validity period based on the applicant’s age, following the same approach used for UAE passports, a WAM report said. Read more-UAE’s Golden Visa…
Image credit: Getty Images Across the GCC, a series of legislative updates and labor reforms have reshaped employee leave entitlements, introducing significant enhancements across several jurisdictions. This unified overview examines the latest developments in annual, maternity, paternity, bereavement, and special‑purpose leave in the UAE, Saudi Arabia, Oman, Qatar, Bahrain, and Kuwait. In the UAE, the annual leave framework remains grounded in Federal Decree Law No. 33 of 2021, offering clear provisions for full‑time and part‑time employees, carry‑over options, and cash compensation. In Saudi Arabia, the 2025 Amendments usher in substantial enhancements, including extended maternity leave, structured paternity leave, newly introduced…
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