Author: Arabian Media staff
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Image: Majid Al Futtaim_X Majid Al Futtaim, the Middle East’s largest mall operator, reported a 23 per cent jump in H1 net profit excluding valuation and tax, lifted by strong demand for its residential projects and growth in its digital retail arm. The Dubai-based group posted revenue of Dhs17.3bn ($4.7bn) for the six months to June 30, up 3 per cent year-on-year, while EBITDA rose 9 per cent to Dhs2.3bn. Net profit excluding valuation and tax increased to Dhs1.3bn from Dhs1bn a year earlier. The company said its properties business, covering malls and residential developments, delivered a 14 per cent…
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Key Takeaways If you’ve worked hard to save $30,000 or more, it’s time to make that money work for you. A high-yield savings account can pay 13 times more than a traditional savings account, which often pays nearly 0% interest. By switching to an account that pays 4.50% APY (or better), you could earn hundreds of dollars more every year, helping to grow your savings faster. Consider high-yield savings accounts, high-yield checking accounts, and even money market accounts, which all pay high rates from 4.00% to 6.00%. For many, saving $30,000 can take years to achieve. In fact, the median…
Benjamin Franklin is credited with saying that nothing is certain in this world but death and taxes. That was back in 1789 and it still holds true in the U.S. today. U.S. taxation has thrived and faltered from implementing the first income tax to various attempts at tax reform. Some changes have been more taxpayer-friendly than others. Here’s a closer look at the history of the U.S. tax system. Key Takeaways The need to finance the Civil War created one of the first versions of a federal income tax in 1862.The U.S. income tax was officially born on Feb. 3,…
Image: Supplied Dubai’s DP World has signed a strategic partnership with Atlantis Dubai Resorts to manage logistics operations for its flagship properties, Atlantis, The Palm and Atlantis The Royal, the companies. Under the agreement, DP World will handle daily, on-demand deliveries of perishables, dry goods and speciality products, managing nearly 7,000 pallets through its network. The solution includes temperature-controlled facilities, inventory management and real-time cargo tracking. Atlantis Dubai runs a supply chain of more than 60,000 products sourced from about 70 countries, covering gourmet ingredients, merchandise and essential provisions to serve thousands of guests each day. “Hospitality supply chains are…
Key Takeaways Nvidia Corp.’s (NVDA) outsized role in the market means that index and target-date funds tracking the S&P 500 are heavily invested in this single company. AI hype could be cooling, China trade tensions are heating up, and the Federal Reserve’s walking a tightrope—any of these could send your “diversified” retirement fund on a wild ride. Options include looking for overlapping funds, choosing equal-weight options, or adding international stocks, which can dial down your Nvidia risk without missing the next rally. Nvidia is the most overweight stock in U.S. stock indexes ever—and by extension, in the retirement plans of…
When it comes to the world of investing, most people don’t know where to start. Fortunately, great investors of the past and present can provide us with guidance. These investment quotes date back to Benjamin Franklin, and some are from modern experts like Dave Ramsey and Warren Buffett. The 25 quotes here were selected for their enduring value. Although markets may change, this investing advice is timeless. Key Takeaways Timeless financial quotes give investors a better perspective on the future by conveying wisdom from the past. The best stock market quotes teach investors how success in the market depends on…
Investopedia’s list of the best forex brokers (foreign exchange brokers) is based on in-depth research and robust data across 18 companies. We reviewed each broker’s research regulatory oversight, costs, range of offerings, and more. This guide explains the categories and criteria we used to evaluate each company’s products and services and our scoring process for determining the best forex trading and investing platforms. Our editors and researchers independently evaluate all recommended platform features to help you understand which companies are best for your goals and experiences. If you click on the links we provide, we may receive compensation. Our advertising…
Charlie Munger, the former Berkshire Hathaway Inc. (BRK.A, BRK.B) vice chair and Warren Buffett’s long-time right-hand man, argued that investors must be prepared for a brutal reality: If you can’t stomach a 50% decline in your portfolio, you’ll never achieve exceptional results. While many hope for an easy path to wealth, Munger’s rule remains one of the most straightforward and most challenging tests for anyone serious about investing in stocks over the long term. The 50% Drop Test That Separates Winners From Losers “You can argue that if you’re not willing to react with equanimity to a market price decline…