Author: Arabian Media staff
Image: Liechtensteinische Landesbank Rothschild & Co has signed a referral agreement with Liechtensteinische Landesbank (LLB) to onboard its employees and clients in the UAE, significantly expanding its wealth management presence in Dubai, the firm said. The deal will see about 20 LLB employees join Rothschild & Co’s wealth management division in the region, along with a potential CHF1bn ($1.1bn) in assets. Rothschild & Co will also take over LLB’s existing Dubai office, bringing the total number of staff in its Middle East wealth management arm to around 25. “As a strategically important location with significant growth potential, expanding our presence…
Image credit: Getty Images Gold slipped on Thursday due to profit-taking after bullion scaled an all-time peak on expectations for a US interest rate cut, while investors looked forward to key US jobs data due this week. Spot gold fell 0.8 per cent to $3,530.69 per ounce, as of 0511 GMT. Bullion hit a record high of $3,578.50 on Wednesday. US gold futures for December delivery were down 1.3 per cent to $3,590. Read more- O Gold, botim launch new fractional gold investment feature “We’ve seen a bit of profit-taking, but gold is still in a bull market at this…
Image: Hub71 Hub71, Abu Dhabi’s global tech ecosystem, has welcomed its most AI-focused cohort to date, selecting 26 startups that together have raised more than $223m (Dhs818m), the largest funding total of any Hub71 intake. Eighty-one percent of the new cohort are AI-driven companies addressing challenges in healthcare, finance, energy and ClimateTech, underlining Abu Dhabi’s growing role in global AI innovation. Most of the startups are seed-stage and come from 12 countries, including the US, UK, Singapore, France, Canada, Egypt and India. The 17th cohort was chosen from more than 2,000 applications, with 74 per cent of startups headquartered outside…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
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…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
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,…