Author: Arabian Media staff

Key Takeaways Competing financial priorities are keeping Americans from saving for retirement.The traditional idea of retirement might work for some, but major shifts in the economy call for retirement to be approached differently.Viewing retirement as work-optional years alleviates pressure from having to aggressively save for retirement. The traditional vision of retirement—a carefree chapter filled with leisure, travel, and financial security—is becoming less realistic for many Americans. According to Northwestern Mutual’s Planning & Progress study, more than half (52%) of Gen Xers who are approaching retirement age doubt their preparedness, with the average savings totaling only about three times their annual…

If you are considering leaving a job and have a 401(k) plan, you need to stay on top of the various rollover options for your workplace retirement account. One of those options is rolling over a traditional pretax 401(k) into a Roth individual retirement account (Roth IRA). This can be a very attractive option, especially if your future earnings will be high enough to knock into the ceiling placed on Roth account contributions by the Internal Revenue Service (IRS). Regardless of the size of your earnings, you need to do the rollover strictly by the rules to avoid an unexpected…

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Samsung Electronics Co. Ltd. (005930), based in South Korea, is one of the world’s biggest electronics companies. It’s the largest enterprise owned by the giant Samsung Group, which is one of South Korea’s famed chaebols. Chaebols are powerful business conglomerates whose companies are controlled by a single family dynasty and that often receive beneficial tax treatment and subsidies from the government. While chaebols face increasing criticism over their ownership structure and involvement in corruption scandals, they played a crucial role in South Korea’s rapid expansion from an agrarian economy into one of the world’s largest economies centered around manufacturing and…

Once the largest retailer in the world, Sears went from building America’s tallest skyscraper to struggling to keep its doors open. Sears reshaped American shopping through its catalogs, private labels, and nationwide stores. But decades of decline caught up with the company, and on October 15, 2018, Sears Holdings filed for Chapter 11 bankruptcy, listing $6.9 billion in assets against $11.3 billion in liabilities. After years of closures and failed turnaround attempts, CEO Edward Lampert stepped back from day-to-day operations as Sears began restructuring, marking the fall of a onetime retail icon. Key Takeaways Sears Holdings filed for Chapter 11 bankruptcy…

Key Takeaways The IRS has 10 years to collect from you if you don’t pay your taxes.Income, Social Security and retirement benefits, bank accounts, and tangible property are all vulnerable to IRS seizure.The IRS offers numerous options if you can’t afford to pay all at once without suffering undue hardship. No one likes paying taxes, but some notorious efforts to avoid doing so have led to serious consequences. Al Capone was convicted of tax evasion in 1931 and sentenced to more than a decade in prison. Willie Nelson was hit with a $16.7 million tax demand, and the Internal Revenue…

On 3 September 2025, Tahaluf CEO Michael Champion delivered an exclusive keynote at the first-ever Gulf Business Saudi Business and Investment Summit Tahaluf has rapidly emerged as one of the most powerful forces in the global events industry. Formed through a joint venture between Informa, the world’s largest trade show organiser, the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), and the Events Investment Fund (EIF), Tahaluf has been at the forefront of Saudi Arabia’s Vision 2030 transformation. The company is behind some of the Kingdom’s most ambitious and world-leading events, including LEAP, DeepFest, 24 Fintech, Black Hat MEA, Cityscape…

The first-ever Gulf Business Saudi Business and Investment Summit, held on 3 September, took place at the Sheraton Riyadh Hotel & Towers. Saudi Arabia’s rapid transformation under Vision 2030 took centre stage at the first-ever Gulf Business Saudi Business and Investment Summit, held on 3 September at the Sheraton Riyadh Hotel & Towers. The event brought together influential leaders from government, business, and international organisations to explore how the Kingdom is translating its bold vision into tangible results. Over 130 attendees listened to discussions focused on innovation, regulatory reform, public–private collaboration and investment sectors driving diversification and sustainable growth. You…

Image: Supplied In the high-stakes world of mergers and acquisitions, the focus is almost always on the numbers. Valuations, EBITDA multiples and legal contracts dominate boardrooms, with countless hours dedicated to financial and legal due diligence. Yet, a critical and often-overlooked element can derail a deal, expose hidden liabilities and undermine the entire transaction: immigration due diligence. The common misconception is that immigration issues are a post-deal administrative task, a simple matter of transferring visas and work permits once the ink is dry. This could not be further from the truth, particularly in the unique and complex regulatory environment of…

Image: Getty Images Kiteworks has released the findings of its fourth annual Data Security and Compliance Risk Survey Report, uncovering a significant gap in data governance among Middle East organisations. While regional businesses lead globally in requiring supplier security certifications (60 per cent), the report warns that many lack visibility into whether those standards adequately protect private data flows — creating what experts describe as a “compliance theater effect” that looks strong on paper but weak in execution. The survey, which gathered insights from 461 global organisations, highlights how Middle East companies have developed mature certification frameworks without corresponding capabilities…