Author: Arabian Media staff
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Uber Technologies Inc. (UBER) is best known for its rideshare service. The Uber app matches consumers looking for ride services with available drivers. The company was founded in 2009 and reached one billion rides by 2015. It went public in an initial public offering (IPO) four years later, in May 2019. The global COVID-19 pandemic caused a drastic decline in Uber’s traditional ride service and its revenue. Uber diversified its revenue stream since that time by launching a food order and delivery business, Uber Eats, as well as a freight shipping service, Uber Freight. These other offerings match consumers with…
Spotify Technology S.A. (SPOT) offers an audio-streaming subscription service. The company monetizes its service through monthly fees for its premium subscription service and through sales of advertising associated with its free streaming service. In the second quarter of 2025, Spotify offered Premium services to 276 million subscribers, a 12% year-over-year increase. The company also reported total revenue of almost €4.2 billion. Key Takeaways Headquartered in Sweden and legally domiciled in Luxembourg, Spotify is a foreign company and is thus not required to disclose the same information as U.S. firms concerning the share ownership of corporate insiders.The top individual insider shareholders…
You may have heard that most day traders lose money over time, and that passive index investing is the way to go. But the truth behind this advice isn’t entirely about timing or skill. Indeed, Warren Buffett has been saying for years that investors shoot themselves in the foot by trading too frequently because of costs. In his 2016 annual letter to shareholders, the Berkshire Hathaway Inc. (BRK.A, BRK.B) chair explained that after the market’s “active investors” pay layers of management, performance, and transaction fees, “their aggregate results after these costs will be worse than those of the passive investors.”…
Retirees living on a fixed income from Social Security are often severely impacted by inflation. Rising prices can make it harder to keep up with the cost of everyday expenses like food, housing, and medical expenses. If you are currently retired or preparing for retirement, here’s what you need to know about inflation, Social Security, and being prepared for rising costs in retirement. Key Takeaways Inflation measures an increase in the overall price level. When inflation rises, goods and services become more expensive, so your money may not go as far as it used to. Social Security benefits often receive…
Image credit: WAM/Website The Federal Tax Authority (FTA) in UAE has significantly ramped up its oversight and inspection efforts in 2025, conducting record-breaking field visits to ensure tax compliance across UAE markets. Read-UAE firms must register for corporate tax by July 31 to avoid Dhs10,000 penalty In a statement issued on August 11, the FTA revealed that its inspection teams carried out 85,500 field visits during the first half of the year. This represents a 110.7 per cent increase compared to the same period in 2024, when 40,580 inspections were conducted, a WAM report said. The authority said these campaigns…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Image: Getty Images Kaspersky Security Network has reported that between October 2024 and July 2025, more than 5,000 users — including both individuals and organisations — were targeted by the Efimer trojan, a malicious program designed to steal and replace cryptocurrency wallet addresses. The campaign was particularly damaging in Brazil, which saw approximately 1,500 victims, but also impacted users in India, Spain, Russia, Italy, and Germany. Initially detected in October 2024, early versions of Efimer were spread through compromised WordPress websites. By June 2025, attackers had expanded their methods, distributing the malware via phishing emails. These emails, disguised as correspondence…