Author: Arabian Media staff

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An unexpected bonus hitting your bank account might feel like found money—and your first instinct might be to book a vacation or splurge on something you’ve been eyeing for months. However, certified financial planners we spoke to argue that might mean you’ve missed an opportunity that could cost you thousands over the long term. Below, we take you through their advice. Key Takeaways Financial advisors suggest you use your bonus to improve your finances and invest for your future. The first step, they say, is to pay off high-interest debt and make sure you have an emergency fund big enough…

Image credit: Dubai Media Office/Website With the launch of passenger services to Hangzhou, China, Emirates SkyCargo — the freight division of the world’s largest international airline, is strengthening its commitment to East and Southeast Asia. The new route brings the airline’s total weekly cargo capacity in and out of the region to over 21,000 tonnes, spanning 25 gateways across 12 countries and territories — the most extensive and diversified network of any non-Asian carrier, a Dubai Media Office report said. Read-Emirates SkyCargo launches new vertical: here are all the details The region, often dubbed the “factory of the world,” has…

While Major League Baseball’s (MLB’s) popularity wanes and safety issues plague the National Football League (NFL), the National Basketball Association (NBA) continues to shine. Contributing to its growth, the NBA has focused on expanding basketball viewership overseas to Europe and China. On the world stage, basketball is second only to soccer. With expanding viewership, revenue in the NBA has significantly grown. The average NBA team is worth $4.66 billion, according to an estimate by CNBC in February 2025. The most valuable team is the Golden State Warriors, worth $9.4 billion. Basketball-related income includes broadcast rights, advertising, merchandising, and concessions, among other things. The…

Do you have dim memories of a savings account you opened in college or some other time in your life? If you didn’t empty it out at some point, there’s a good chance it’s sitting somewhere with your name on it, ready to be collected. According to the National Association of Unclaimed Property Administrators (NAUPA), one in seven Americans has money in unclaimed property, and much of that cash has already been handed over to state governments through a little-known process that might mean there are hundreds or even thousands of dollars out there you don’t know you have. Below,…

Image credit: Getty Images The new school year in 11 regions of Saudi Arabia is scheduled to begin on August 24, according to the Ministry of Education. On Tuesday, August 12, the educational supervisors and administrative staff returned to schools across the country, excluding Makkah and Madinah, to begin early preparations for the academic year. Read-Sharjah’s 2025-2026 school year: Changes that parents should know about Teachers in these 11 regions are due to return on Sunday, August 17, giving them a full week to get classrooms and lessons ready. However, in the regions of Makkah, Madinah, Jeddah, and Taif, both…

Image: Supplied Taraf, the real estate arm of UAE investment holding group Yas Holding, has officially commenced construction on KARL LAGERFELD VILLAS, marking the brand’s first residential project in the Middle East. The development, located in the heart of Meydan and overlooking Dubai’s lagoons, will feature 51 signature villas designed to reflect the Parisian style of the late fashion icon Karl Lagerfeld. The groundbreaking ceremony was attended by senior representatives from Taraf, design and construction partners including RSP Architects and Dar Al Handasah, as well as enabling contractor Pinnacle and infrastructure contractor Dar Alwad. KARL LAGERFELD VILLAS: Brand’s fourth residential…

Image: Getty Images/ For illustrative purposes The Gulf Cooperation Council’s (GCC) asset management industry grew to $2.2tn in assets under management (AuM) in 2024, representing a 9 per cent increase from the previous year, according to Boston Consulting Group’s (BCG) 23rd Global Asset Management report, titled From Recovery to Reinvention. The report highlights Saudi Arabia and the UAE as the principal contributors to retail mutual fund growth, while Abu Dhabi and Kuwait’s sovereign wealth funds (SWFs) manage the largest volumes of assets in the region. Lukasz Rey, MD and partner and Middle East head of Financial Institutions at BCG, said:…

Muhammed Yesilhard/Image: Supplied EverGive, the organisation pioneering a Bitcoin Reserve to provide sustainable, long-term charitable funding, has appointed co-founder Muhammed Yesilhark as president. An experienced investor and digital assets expert, Yesilhark has been instrumental in shaping EverGive’s mission to free charitable funding from the constraints of high time preference and misaligned incentives. In his new role, Yesilhark will oversee strategy for EverGive’s Bitcoin Reserve – currently valued at £1.55m ($2m) – with the goal of surpassing £10m ($13m) by the end of 2025. His remit includes guiding investment decisions, forging strategic partnerships, and ensuring the reserve delivers maximum long-term impact…

Image: Supplied Dubai-based fashion and lifestyle retail conglomerate, Apparel Group has inked a strategic partnership between its flagship loyalty programme, Club Apparel, and PRYPCO Blocks, the Dubai-based fractional real estate ownership platform. The collaboration introduces Spend to Invest, a programme enabling shoppers to convert everyday purchases into steps toward property ownership. Club Apparel, which has grown to nearly four million members in the UAE, has traditionally offered points, personalised rewards, exclusive experiences, and access to a portfolio of fashion, footwear, beauty, and lifestyle brands. Under the new initiative, members can use points earned through purchases to acquire a share in…