Author: Arabian Media staff
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Amadea superyacht. Source: amadeaauction.com The Amadea, a luxury superyacht once valued at $325m, is set to go under the hammer in the United States next month. Yet, ongoing ownership disputes threaten to complicate the sale and deter interest from wealthy buyers, including those in the Gulf region. The 106-metre vessel, built by German shipyard Lürssen with interiors designed by French architect François Zuretti, was seized by the US Department of Justice in 2022 while docked in Fiji. American authorities allege Amadea belongs to sanctioned Russian billionaire Suleiman Kerimov, though official records list fellow Russian businessman Eduard Khudainatov, who is not sanctioned, as the owner. Khudainatov has…
Medicare Cost Increases for 2026 2025 projected cost 2026 projected cost Percent Increase Part B premium $185 $206.50 11.6% Part D base beneficiary premium $36.78 $38.99 6% Part B deductible $257 $288 12% Part D deductible $590 $615 4.2% Part D catastrophic threshold $2,000 $2,100 5% 2. Part D’s Catastrophic Threshold Is Going Up The Inflation Reduction Act (IRA) instituted a cap on out-of-pocket drug costs for people with Medicare Part D. This catastrophic threshold is similar to an out-of-pocket maximum in other health plans, but it just applies to prescription drugs. After you meet it, the plan pays 100%…
Image: Supplied As the UAE celebrates Emirati Women’s Day, I carry a great sense of pride as I reflect on my own personal journey as an Emirati woman and the boundless horizons that lie ahead. It is a powerful reminder of vision, progress, resilience, and unwavering community support, befitting of this year’s theme ‘Hand in Hand, We Celebrate 50 Years‘ – a milestone marking five decades since the establishment of the General Women’s Union in 1975. The significance of Emirati Women’s Day serves as a vital reminder of the remarkable achievements of Emirati women from all walks of life, celebrating…
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Key Takeaways Health insurance costs are expected to rise sharply in 2026. Employers expect to shift more expenses to workers, and insurers project an increase in Affordable Care Act (ACA) marketplace premiums. Rising demand for care, expensive specialty drugs, an aging population, and the potential expiration of enhanced ACA tax credits are the main drivers behind the surge. Experts recommend reviewing plan details carefully, taking advantage of a health savings account (HSA), and calling your provider to see whether you qualify for financial assistance or a payment plan. Health insurance costs are expected to rise sharply in 2026, whether you…
Images: Supplied As the UAE celebrates Emirati Women’s Day 2025 under the theme Hand in Hand, We Celebrate 50 Years, the Emirati Women Achievers campaign by startAD at NYU Abu Dhabi adds a powerful dimension. Since 2022, it has recognised more than 100 women whose work in entrepreneurship, government, science, energy, health, and security reflects the nation’s spirit of progress. Together, the day and the campaign shine a light on unity across generations, celebrating trailblazers while empowering the next wave of leaders to shape the UAE’s future. Here, five awardees speak about what it means to them. Tala Al Ramahi,…
Credit for the images: Supplied Doniyor Kadirov, CEO of Rushmore Group, shares how strategic foresight, disciplined execution, and cross-cultural insight drive his EPC ventures from Central Asia to the GCC You have founded and scaled multi-sectoral ventures, what do you see as the common success factors in engineering, energy, and trading? Whether we’re delivering turnkey infrastructure or coordinating complex energy systems, what matters most is our ability to align technical execution with long-term reliability and client satisfaction. We maintain strict engineering discipline while staying responsive to meet shifting project demands, ensuring consistent success across various sectors. What are the challenges…
Choosing the tax advantage you want from your retirement savings plan can have a significant impact on your return on investment (ROI) and current budget. Some plans offer tax advantages by allowing you to deduct the contributions from your taxable income in the year you make them. You can make contributions with after-tax income to other plans such as Roth individual retirement accounts (Roth IRAs) and Roth 401(k)s. You can also split your contributions between pre-tax and after-tax accounts. Each type of tax advantage has its pros and cons. Key Takeaways Choosing the right retirement account can impact your return…
Image: Supplied The smooth and sustainable transition in the energy sector stands as one of the greatest challenges of our time. Its success does not rest solely on the strength of technology or the scale of investment, but equally on a fundamental component: people. At the heart of this human dimension is the pioneering role of Emirati women, whose presence and contributions have become an integral part of the nation’s institutional identity, shaping the future of both the public and private sectors. Since the establishment of the Union more than 50 years ago, the UAE’s leadership has ensured that Emirati…