Author: Arabian Media staff

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…

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…