Author: Arabian Media staff

Key Takeaways Annuities offer steady income and tax-deferred growth but often have high fees and limited investment options. Stocks can diversify your portfolio and provide substantial growth potential. Investors with low risk tolerance who want predictable income may prefer annuities. Investors with a longer time horizon and higher risk tolerance may benefit more from stocks. As retirement approaches, people and financial advisors don’t always see eye to eye on where to invest a lump sum: 64% of people ages 45–75 would invest $100,000 in an annuity rather than the stock market.62% of financial advisors recommend investing the money in stocks…

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Image: Supplied RAK Properties reported an 80 per cent rise in its H1 net profit, driven by higher sales and continued development at its Mina flagship development. The UAE-based developer posted net profit of Dhs160.6m ($43.7m) for the six months to June 30, up from Dhs89.06m a year earlier. Revenue for the period was Dhs774.79m. RAK Properties H1: Key highlights Sales value more than doubled to Dhs1.41bn from Dhs703m last year, supported by a 59 per cent increase in the number of units sold to 788. The company’s development backlog rose 42 per cent to Dhs2.62bn. Operating profit increased 47…

The 2025 Entrepreneurship World Cup (EWC) has kicked off in Saudi Arabia with unprecedented global participation, receiving more than 10,000 project submissions from entrepreneurs across 169 countries — double last year’s total. The global finals will take place in Riyadh, hosted by Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at), in partnership with the Mohammed bin Salman Foundation (Misk) and the Global Entrepreneurship Network (GEN). The event highlights the Kingdom’s growing reputation as an international hub for innovation and entrepreneurial ventures. 2025 Entrepreneurship World Cup in Riyadh, Saudi Arabia The competition showcases a broad spectrum of solutions to global…

With the electric vehicle credit expiring in less than two months, now is the time to buy an electric car. You’ll have until Sept. 30, 2025 to receive a federal tax credit for buying an electric vehicle. Until then, you can receive a tax credit of $7,500 for a new electric vehicle or $4,000 for a used electric car.With a tax credit, your tax bill is reduced dollar-for-dollar by a certain amount. The Trump administration’s recent tax legislation, the One Big Beautiful Bill, is phasing out the tax credits, which had been set to run until 2032. “Car prices are…

Key Takeaways Buying a home can cost hundreds more per month than renting in today’s interest rate environment. Many homeowners overlook hidden costs like maintenance, taxes, and insurance. Renting can preserve liquidity, provide flexibility, and offer a better return if you invest the difference. For years, owning a home has been a core tenet of the American Dream. But in 2025’s high-interest, high-cost housing market, renting may actually be the more financially sound choice, at least for some time and especially if you don’t plan to stay long or aren’t yet financially secure. When Renting Actually Beats Buying (The Math…

Preparations for cloud seeding during the winter season in the UAE are coming into sharp focus, as the country continues to strengthen its state-of-the-art meteorological capabilities. Earlier this month, H.H. Sheikh Mansour bin Zayed Al Nahyan, vice president, deputy prime minister, and chairman of the Presidential Court, visited the National Centre of Meteorology (NCM) headquarters in Abu Dhabi. He was briefed on the centre’s advanced infrastructure, including weather forecasting units, cloud seeding systems, marine monitoring operations, and renewable energy forecasting sections (WAM). READ MORE – PHOTOS: Flying with UAE cloud seeding pilots The NCM’s work is underpinned by one of…

Key Takeaways: The GENIUS Act, a law aiming to regulate stablecoins, was recently signed into law. In response, major retailers like Amazon and Walmart are exploring their own stablecoins. Companies like PayPal have already launched their own. These currencies might offer rewards, savings, and yields from digital wallets. Experts are concerned that digital retailer wallets will result in less financial freedom and decreased data protection for consumers. Imagine going to the mall and spending a different currency at every store. This future might be closer than you think, thanks to a new law that makes it easier for companies like…

Key Takeaways Choosing a budget-friendly gym and running outdoors can provide the same health benefits as a luxury gym at a fraction of the cost. Meal prepping at home significantly reduces food expenses, with homemade meals costing about $4 each compared to $15 for lunch out. Small, consistent savings from fitness and food choices can add up to over $2,500 annually. Investing those savings—whether in a high-yield savings account or the stock market—can generate hundreds of dollars in returns over time. Smart budgeting doesn’t mean deprivation; it’s about prioritizing spending on what truly matters and cutting back on unnecessary expenses.…

EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), reported a 21 per cent year-on-year (YoY) revenue increase in Q2 2025 to EGP6.1bn, supported by strong results across all business lines—particularly EFG Finance, its non-bank financial institutions (NBFI) platform, and Bank NXT, its commercial bank. Total operating expenses, including provisions and expected credit losses (ECL), rose 22 per cent YoY to EGP4.1bn, driven by higher provisions—mainly in EFG Finance—and increased general and administrative (G&A) costs, while employee expenses remained flat. With revenue growth outpacing expense…