Author: Arabian Media staff

Key Takeaways More than 80% women say they don’t feel confident managing an inheritance. Half believe it’s morbid to discuss estate planning with their parents, but knowing details early can be crucial. Experts recommend waiting three months to a year before making major decisions with inheritance money. A financial professional can provide guidance and support. Baby boomers are expected to pass down $124 trillion by 2048, and women are positioned to inherit much of that wealth. But many say they feel unprepared to manage an inheritance. What the Statistics Say The Citizens Great Wealth Transfer Survey, conducted from Jan. 22…

Key Takeaways Singles shoulder 100% of cash‑flow shocks, so larger emergency funds and disability coverage are critical. Max out tax‑advantaged accounts—401(k)s, individual retirement accounts (IRAs), and health savings accounts (HSAs)—and consider delaying Social Security to hedge longevity risk. More Americans are staying single these days. Nearly 30% of U.S. households are now a party of one—that’s 38.5 million people, as of 2024. Going solo in life often means going it alone in retirement planning, too. Without a partner’s paycheck, employer plan, or survivor benefits to fall back on, single investors must create their own safety net—and it has to last…

Image credit: Saudi Press Agency /Website In a bold move to elevate the spiritual and logistical experience of millions of pilgrims, Saudi Arabia is rolling out a series of improvements at the Two Holy Mosques that reflect a seamless integration of technology, hospitality, and spiritual inclusivity. With the Umrah season in full swing, pilgrims arriving in Makkah and Madinah are being welcomed with a carefully coordinated network of services that prioritise ease of access, historical immersion, and global outreach, ensuring the journey of a lifetime is both spiritually enriching and effortlessly organised. Read-Umrah 2025: New digital platform launched for visas…

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Key Takeaways Researchers have shown that AI trading algorithms can learn to set higher prices purely by observing one another, even without explicit agreement or messaging.While tacit, this collusion can harm market efficiency. When bid-ask spreads or asset prices are raised, algorithmic collusion reduces price competition and increases trading costs for all market participants. AI trading bots now execute many of the trades on Wall Street, but July 2025 research suggests these bots can unintentionally learn to work together in ways that drive up costs for everyday investors. A July 2025 National Bureau of Economic Research (NBER) study found that…

Agility Public Warehousing Company has confirmed that its wholly owned subsidiary, Menzies Aviation, has completed the acquisition of 100 per cent of US-based G2 Secure Staff for an enterprise value of $305m, with an additional $10m deferred consideration payable in 2026, contingent on performance milestones. The deal significantly reinforces Menzies’ position as the world’s largest aviation services provider, now operating across 350 airports in 65 countries. As part of the integration, G2’s operations will be rebranded under the Menzies Aviation name, with a transition plan already underway to ensure continuity for employees, customers, and partners. Financially, the acquisition is expected…

Image: Botim O Gold, the UAE’s first Emirati app for fractional gold and silver ownership, has partnered with botim, Astra Tech’s flagship AI-powered fintech and communication platform, to integrate gold investment services into the botim ecosystem. The partnership, backed by an agreement signed in 2023, makes botim the first fintech in the UAE to officially offer gold investment solutions, reinforcing its position in the region’s expanding digital finance sector. Users can now buy, sell, and manage digital gold starting from 0.1 grams directly within the botim app. Feature on Botim includes O Gold programme The feature also includes O Gold’s…

Image credit: Saudi Press Agency The Riyadh Metro, managed by the Royal Commission for Riyadh City (RCRC), has crossed a major milestone, welcoming its 100 millionth passenger less than nine months after its official launch in December 2024. The Blue Line, running along the Olaya-Batha axis, has emerged as the most heavily used corridor, carrying 46.5 million passengers to date. It is followed by the Red Line on King Abdullah Road with 17 million riders, and the Orange Line on Al Madinah Al Munawwarah Road, which recorded 12 million passengers. The metro’s remaining three lines have collectively transported 24.5 million…

Image: Supplied Parkin Company, Dubai’s largest provider of paid public parking facilities and services, has announced it has been awarded three ISO certifications, marking a significant milestone in its first year as a publicly listed company. The certifications demonstrate compliance with internationally recognised standards in service quality, environmental management, and health and safety. The achievement reflects Parkin’s commitment to embedding Environmental, Social and Governance (ESG) principles across its operations. Guided by a comprehensive ESG strategy, the company has implemented internationally recognised management systems that reinforce its dedication to excellence, accountability, and responsible growth. On 19 August 2025, Parkin achieved certification…

Image credit: AppleTrack/X account Apple has officially announced the date of its annual fall event, sending out invites for a September 9 keynote at the Steve Jobs Theater in its Cupertino headquarters. The tech giant is expected to unveil a host of new products, including a radically redesigned iPhone lineup, upgraded Apple Watches, refreshed iPads, and AI-powered features, all amid rising competition in the artificial intelligence space. According to multiple media reports, the centerpiece of this year’s event will be the unveiling of the iPhone 17 Air, which is expected to be the thinnest iPhone Apple has ever made, potentially…