Author: Arabian Media staff

The list of candidates for the Federal Reserve chairmanship keeps getting longer. And longer. And looooonger.Be quicker to guess who *isn’t* on the list.— Guy LeBas (@lebas_janney) August 13, 2025 However, given the potentially huge consequences of the choice, FT Alphaville though it was worth going through all of them and grading the candidates on a variety of our highly rigorous and proprietary quantamental metrics. A quick reminder of the Fed’s structure: The US central bank is run by a Board of Governors in DC and the heads of a dozen regional Fed banks in places like Boston, St Louis…

Key Takeaways Booking a vacation with friends can be stressful—some friends may be ready to splurge while others may be working with a limited budget.Try to designate a group organizer who’s responsible for booking the excursions and accommodations.To make everyone feel more comfortable, have people anonymously share their budgets.Use tools like Splitwise, Stippl, or Let’s Jetty to collaboratively plan the trip and track shared expenses. Whether you’re going to a cabin in upstate New York or heading to the beach in Turks and Caicos, vacationing with your friends can strengthen your relationships and create lasting memories. However, if you’re not…

Image credit: Getty Images The Ministry of Human Resources and Social Development (MHRSD) in Saudi Arabia has issued a fresh directive under the Wage Protection Program (WPP), warning that assigning employees an illogical basic wage, either unusually low or excessively high, will now automatically trigger violation alerts on the Mudad platform. The updated compliance measures are designed to tighten oversight and promote fair wage practices across Saudi Arabia’s private sector. Read-Job seekers alert: Saudi announces new employment rules These alerts will be recorded in the employer’s violation log if the wages deviate significantly from established patterns in the system. Additional…

Image: Dubai Media Office/ For illustrative purposes Dubai’s economy grew 4 per cent (QoQ) in Q1 2025, reaching Dhs119.7bn, supported by strong performances across strategic sectors, government data showed. Human health and social work activities led growth with a 26 per cent increase to Dhs1.9bn, while real estate rose 7.8 per cent to Dhs9bn and financial and insurance activities expanded 5.9 per cent to Dhs16bn. Other contributors included accommodation and food services (up 3.4 per cent to Dhs4.9bn), transport and storage (up 2 per cent to Dhs15.7bn), wholesale and retail trade (up 4.5 per cent to Dhs27.5bn), manufacturing (up 3.3…

Image: Supplied The Global Health Exhibition (GHE) will return to Riyadh from October 27–30, 2025, under the patronage of Saudi Arabia’s Ministry of Health and supported by Vision 2030 and the Kingdom’s Health Sector Transformation Program. Organised by Tahaluf, the event will take place at the Riyadh Exhibition and Convention Centre and is set to be the largest edition to date. Unprecedented global interest and investment momentum Driven by Saudi Arabia’s expanding influence in global healthcare and investor confidence in its transformation agenda, GHE 2025 will feature more than 2,000 exhibiting brands and 500 speakers. Global healthcare leaders such as…

Image credit: PIF/Website The Public Investment Fund (PIF) closed 2024 on a high note, with its assets under management (AuM) rising by 19 per cent to reach $913bn. This growth cements PIF’s position as one of the world’s largest and fastest-growing sovereign wealth funds (SWFs), driven by a long-term investment strategy and a mission to diversify Saudi Arabia’s economy, a PIF press release conveyed. According to its recently released 2024 annual report, the fund delivered an average total portfolio return of 7.2 per cent annually since 2017. Total revenue climbed by 25 per cent, while its cash reserves remained strong…

Image: Supplied We are living in times where global expansion has never been easier. It was often thought that international expansion is complicated, but new growth models and strategies are emerging that mean the reverse is true. The traditional location-bound approach to business incorporation is fast becoming obsolete. Where once it was the norm to register and operate a business solely within one’s domestic market, today’s entrepreneurs face a different reality — one that demands a global mindset from day one. With access to the right set of tools and with the willingness to adopt a new mindset, building a…

Owen Richards, partner – corporate finance at Addleshaw Goddard/Image: Supplied International law firm Addleshaw Goddard has advised Al Waha Land (Waha Land), a wholly owned subsidiary of Waha Capital, on the Dhs530m sale of integrated logistics assets at AlMarkaz Industrial Park in Al Dhafra, Abu Dhabi. The assets, totaling 182,500 sqm of net leasable area within the 6 million sqm industrial park, were acquired by Aldar on 30 June 2025, marking a notable milestone for the UAE’s real estate and logistics sectors. Developed by Waha Land and benefiting from special economic zone status, AlMarkaz Industrial Park is near full occupancy…

Image: Getty Images/ For illustrative purposes Presight AI  has reported an 80.2 per cent rise in H1 revenue to Dhs1.09bn, driven by strong domestic growth and accelerating international expansion, and upgraded its medium-term outlook. Organic revenue, excluding the contribution from AIQ, grew 33.5 per cent year-on-year. EBITDA increased 59.6 per cent to Dhs245.5m, while net profit rose 18.8 per cent to Dhs209.7m. Q2 revenue climbed 53.5 per cent to Dhs 523.9m, with organic growth accounting for 19.7 per cent. Quarterly EBITDA rose 45.5 per cent to Dhs104.5m and net profit was up 11.5 per cent at Dhs89.7m, reflecting the impact…

image: AD Ports Group AD Ports Group’s Q2 2025  revenue surged 15 per cent year-on-year (YoY) to Dhs4.83bn, driven by the Ports, Economic Cities & Free Zones (EC&FZ) and Maritime & Shipping clusters. Quarterly EBITDA rose 9 per cent to Dhs1.17bn, with the group’s EBITDA margin at 24.2 per cent. Profit before tax increased 5 per cent to Dhs519m, supported by higher operating performance but offset by increased depreciation and finance costs. Net profit was flat at Dhs445 m, as higher income tax weighed on the bottom line. Earnings per share remained steady at Dhs0.07. Capital expenditure in the quarter…