Author: Arabian Media staff

When interest rates are high, it makes goods and services more expensive as the cost of borrowing goes up; however, there’s also a silver lining when rates go up. As rates increase, banks offer higher interest on savings vehicles. If you jump at the chance to earn more in savings when this happens, you’ll want to keep as much of that extra cash as you can. That means knowing what the federal government’s share is and planning for it, since interest earned on savings accounts is taxable. Key Takeaways Interest earned on savings accounts is taxable at ordinary income tax…

Key Takeaways Buffett maintains a concentrated portfolio with Apple Inc. (AAPL), American Express Company (AXP), and Bank of America (BAC) as top holdings. New investments include homebuilders Lennar (LEN) and D.R. Horton (DHI), steel producer Nucor (NUE), and, most notably, UnitedHealth Group (UNH)—the troubled health insurance giant. Berkshire Hathaway added to its existing stakes in Pool Corp (POOL) and Constellation Brands (STZ). Standing at $344.1 billion, Buffett’s massive cash pile is roughly unchanged from the March 2025 record of $347 billion. The second quarter of 2025 marked a historic transition for Berkshire Hathaway. On May 3, 2025, Warren Buffett, the…

The Internal Revenue Service (IRS) wants its share of income regardless of the age of the earner, but different rules can apply depending on age and other factors. You might be wincing at the thought of having to prepare another tax return this filing season because your child earned some money, but there may be a few shreds of silver lining. “We file a return for the kids typically when they start their part-time jobs over the summer or after school,” says Deb Camp, a CPA in Linwood, New Jersey. “This is done to have the federal and state withholding…

If your employer offers a 401(k) plan, this can be a very effective way of saving for retirement. The money that you put in your plan is tax-deferred, so you won’t pay income tax on it for the year when you earn it. Instead, you’ll be taxed when you take it out of your 401(k) account during retirement. Since most people are in a lower tax bracket in retirement than they are when they are working, this can save you a lot of money.  There are annual limits on how much you can contribute to your 401(k) account. In 2024,…

Image: Supplied When I was growing up, conversations about science and technology were often framed as something “new” for Emirati women to explore. Today, that feels outdated. Walk into a classroom, a lab, or even a boardroom in the UAE, and you will find women not only present but steering the conversation. In the UAE, women in STEM are moving from participants to decision-makers. At MBZUAI, I see this shift every day. This year, our inaugural undergraduate class, where 35 per cent are women, alongside 29 per cent of women across our graduate programmes. These numbers reflect a national trend: women…

Few figures in modern business and technology have generated as much attention or controversy as Elon Musk. As CEO of several major companies, including Tesla, Inc. (TSLA), SpaceX, and X, Musk is one of the world’s wealthiest business figures. He is also now likely the world’s most powerful. In what the Financial Times has called “a hostile takeover of the U.S. government,” Musk leveraged over $280 million in campaign donations and vocal support for Donald Trump during the 2024 election into a significant position as (unofficial) head of the so-called Department of Government Efficiency (DOGE), where he now wields unprecedented…

What Is Business Development? Business development is the process of planning for future growth by identifying new opportunities, forming partnerships, and adding value to a company. It involves understanding the target audience, market opportunities, and effective outreach channels to drive success. Business development may involve objectives around sales growth, business expansion, strategic partnerships, and increased profitability. The process impacts every department, including sales, marketing, manufacturing, human resources, accounting, finance, product development, and vendor management. Key Takeaways The overarching goal of business development is to make a company more successful.It can involve many objectives, such as sales growth, business expansion, the…

Key Takeaways Delaying Social Security boosts your monthly benefit, but serious illness may make early claiming a more practical option. Calculating your breakeven age can help you decide whether delaying benefits or collecting early makes sense. If an illness shortens your expected lifespan, claiming earlier can help ensure you collect more in lifetime benefits and that money can be used for more immediate medical needs. Waiting to collect Social Security retirement benefits can provide a big boost to your retirement income, but if you have a serious illness, is it really worth the wait? We connected with Chuck Czajka—a certified…

Which country is best to call home? This question is part of a long-time debate between the two largest nations of North America. Many people in Canada and the United States hold the view that their own country is a better place to live. Generally, neither country knows all the facts about what the other has to offer. When considering where to establish your principal residence, it might be a good idea to take a deeper look at both. So, which is better: Canada or the U.S.? Key Takeaways The U.S. and Canada are two countries in North America with…

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