Author: Arabian Media staff

Image credit: Dubai Media Office/X account Dubai’s Roads and Transport Authority (RTA) has announced traffic diversions as work begins on the highly anticipated Dubai Metro Blue Line. Key among these is the closure of the road leading to the multi-storey car park at Centrepoint Station from Airport Road. Motorists are advised to follow directional signage at affected areas and plan alternate routes to avoid disruptions. Similar adjustments are also in effect near Creek Station, coinciding with early construction activity. Read more-Public transport updates: Dubai Metro lines rerouted, more public bus services The RTA is urging commuters to plan their journeys…

Image: Dubai Media Office DP World is launching a Morocco to UK and North Europe shipping service that will cut export times for fruit and vegetable shipments by up to two days, offering retailers and consumers fresher produce at lower cost and with a reduced carbon footprint. The new “Atlas” service will connect Agadir and Casablanca in Morocco with DP World-owned ports and terminals at London Gateway and Antwerp Gateway, using two dedicated vessels starting in November 2025. It will also supply produce into Antwerp for distribution across Europe. By shifting up to 150,000 tonnes of fresh produce from road…

Images: Supplied Dubai Sotheby’s International Realty closed the most expensive secondary villa sale on Palm Jumeirah this year, at Dhs161m ($43.8m). The deal, which also marked the second-highest sale on a per square foot basis in 2025 at Dhs14,679.39, involved a ‘Signature Villa’ developed by property firm 25 Degrees. The residence spans 10,900 square feet, with six bedroom suites, multiple living areas, a private cinema and a pool deck overlooking the Atlantis the Royal Resort & Residences. The sale was exclusively managed by Dubai Sotheby’s, with executive partner Leigh Borg representing the seller and senior global property consultant Filippo Tavernaro…

EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), has partnered with Danish digital wealth management firm Kenzi Wealth to roll out a new risk-based portfolio advisory solution. The service, called One Advisor, aims to deliver highly personalised, risk-optimised investment strategies that empower clients to grow and protect their wealth in today’s volatile global markets. Integrated into the EFG Hermes ONE app, One Advisor is designed for self-directed investors seeking greater confidence and control. Powered by Kenzi’s proprietary technology, the feature enables users to analyse portfolios before investing, diversify more…

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Companies and investors review the weighted average cost of capital (WACC) to evaluate the returns that a firm needs to realize to meet all of its capital obligations, including those of creditors and stockholders. Beta is critical to WACC calculations, where it helps ‘weight’ the cost of equity by accounting for risk. WACC is calculated as: WACC = (weight of equity) x (cost of equity) + (weight of debt) x (cost of debt). However, not all capital obligations involve debt and, therefore, the risk of default or bankruptcy. Some comparisons of different obligations require a beta calculation that is stripped…

Accrued Expenses vs. Accounts Payable: An Overview Companies must account for any expenses incurred in the past because these are costs that come due in the future. Accrual accounting is the general accounting term that covers any of these liabilities. Companies use two methods to track these accumulated expenses: accrued expenses or accounts payable. Both are liabilities that businesses incur during their normal course of operations, but they’re inherently different. Accrued expenses are liabilities that build up over time and are due to be paid. Accounts payable are current liabilities that will be paid in the near future. Key Takeaways…

Accounting vs. Economics: An Overview Accounting is a profession that records, analyzes, and reports income and expenses for individuals and businesses. Economics is a branch of social sciences concerned with production, consumption, and market forces. An economist uses data to help shape policies for interest rates, tax laws, and employment. Key Takeaways Accountants track the flow of money for businesses and individuals.Economists monitor trends that drive production and consumption.Accounting and economic data influence the fiscal policies of both businesses and governments. Accounting Most individuals deal with accountants when filing tax returns. In business, accountants track money into and out of…

Businesses depreciate long-term assets for both tax and accounting purposes. For tax purposes, businesses can deduct the cost of the tangible assets they purchase as business expenses. Microsoft Excel has built-in functions for multiple depreciation methods, including the: Straight-line method (SLN function)Sum of the years’ digits method (SYD function)Declining balance method (DB function)Double-declining balance accelerated method (DDB function)Variable declining balance method (VDB function)Units of production method, although this method requires a non-branded Excel template Key Takeaways Microsoft Excel has built-in functions for multiple depreciation methods for businesses’ fixed assets.The straight-line method (or straight-line basis) uses a built-in function, SLN, which takes…