Author: Arabian Media staff

A world currency is any money that can freely be used or exchanged for another currency inside or outside the borders of the country that issues it. It may also be called a global currency. The first U.S. dollar (USD) is the official currency of the United States and several other countries. The dollar was first printed in 1914, a year after the establishment of the Federal Reserve, which became the U.S. central bank with the passing of the Federal Reserve Act. Three decades later, the dollar officially became the world’s reserve currency. Key Takeaways The first U.S. dollar was…

When you are looking at the investment options for your 401(k), you might consider fixed-income funds. Though these funds are a somewhat niche option for 401(k) investing, they can be useful in specific circumstances, such as if you are close to retirement and need low-risk assets to preserve your capital. In this article, we’ll explain what fixed-income funds are and how to use them toward your investing goals. Key Takeaways Fixed-income funds are low-risk investments that investors can use for their 401(k). If you are focused on growing your portfolio, these funds may not ideal because other asset types have greater…

The first tax filing after a divorce demands empathy and meticulous attention to detail. For many, understanding new filing statuses, child-related credits, support considerations, and the impact of asset division is a tangible step toward financial independence—one that can either build confidence or trigger considerable stress. Here’s how I guide clients through this important shift. Key Takeaways Your filing status after divorce can significantly affect taxes, deductions, and credits.Child-related tax benefits require careful coordination, especially with IRS Form 8332, which only transfers the Child Tax Credit.Alimony and child support are taxed differently, with key rule changes for divorces finalized in…

Image credit: WAM/ Website Emirates Post has unveiled a commemorative stamp collection titled “League of Arab States: 80th Anniversary,” celebrating the founding of the League in 1945 and its ongoing role in fostering regional unity and cooperation. The release follows recommendations from the Secretary-General of the League of Arab States and forms part of wider regional celebrations marking this milestone. Developed in partnership with the League’s General Secretariat, the stamp design symbolises Arab unity and reflects the League’s institutional legacy over the past eight decades, a WAM report said. Read-Arab Postal Day: Emirates Post issues joint commemorative stamp Drawing inspiration…

Image: Supplied Aviation is undergoing one of its most profound transformations, one that is not driven by new aircraft or routes, but by algorithms. Artificial intelligence (AI) is no longer a back-office tool or emerging experiment. It’s fast becoming the engine room of the modern aviation experience, reshaping not only how airlines and airports operate, but how they connect with the people they serve. The commercial pressures facing the sector today are relentless: fuel prices, operational bottlenecks, pilot shortages, passenger expectations, sustainability mandates. And yet, within this pressure cooker, AI has emerged as a strategic release valve. Done right, it’s…

Image: Dubai Media Office Dubai Police have successfully thwarted the theft of a rare pink diamond worth $25m in a meticulously executed operation named ‘Operation Pink Diamond’, recovering the gem before it could be smuggled out of the country. The investigation revealed that the gang had been plotting the heist for over a year, targeting a diamond certified by a leading gemological institute with a unique purity rating — so rare that there is only a 0.01 per cent chance of finding another like it. The criminal scheme The suspects, all of Asian nationality, devised a sophisticated plan to deceive…

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Image: Joby Aviation Joby Aviation announced an industry-first: completing a piloted test flight between two public airports in the U.S., from Marina (OAR) to Monterey (MRY). This milestone is a strong signal of Joby’s commercial market readiness, showcasing operational capabilities that will be core to Joby’s planned Dubai launch in 2026. The achievement highlights Joby’s ability to operate in real-world conditions, integrating with existing airport infrastructure and air traffic control, all key steps in preparing for passenger service in Dubai. FAA-controlled airspace: Joby successfully navigated alongside other aircraft, travelling 10 miles in 12 minutes, including a five-minute holding pattern at…

Image: Supplied With US equities increasingly dominated by a handful of mega-cap stocks and global markets facing heightened geopolitical uncertainty, investors are questioning how best to protect and grow their wealth. In this interview, Gulf Business speaks with Angelina Lai, chief investment officer for Asia & Middle East at St. James’s Place (SJP), about how the firm is addressing the “US Concentration Conundrum”, the importance of diversification for Middle East investors, and why regions such as Europe, Japan, and emerging markets are offering attractive opportunities. The latest CIO Quarterly Insights highlight rising concentration risks in the US market, with just…