Author: Arabian Media staff
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Image credit: Dubai Media Office/Website Dubai Duty Free (DDF), the world’s largest single airport retailer, continued its record-setting momentum in July, generating Dhs638.8m ($175m) in sales for the month. Year-to-date sales now stand at Dhs4.734bn ($1.30bn), marking a 5.86 per cent increase compared to the same period in 2024. The July performance set a new record for the month, surpassing the previous high of Dhs602.8m ($165m) set in July 2023, and posting a 9.7 per cent increase—equivalent to Dhs56.5m ($15.48m)—over July 2024. The month now ranks as the ninth-best in the company’s 41-year history. Read-Dubai Duty Free shatters sales records…
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Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, reviewed the latest progress of the Etihad Rail project and embarked on a passenger train journey from Dubai to Fujairah, signaling a historic milestone for the UAE’s national railway network. Read-UAE’s Etihad Rail eyes passenger service launch for 2026 The symbolic journey marks a pivotal phase in the development of the country’s integrated rail system, with commercial operations of passenger services expected to begin in 2026. Sheikh Mohammed’s visit highlights his personal commitment to overseeing strategic infrastructure initiatives that align with the UAE’s long-term national development…
Millions of dollars in Financial Industry Regulatory Authority (FINRA) enforcement penalties are being returned to investors harmed by past broker misconduct yet many of those eligible for a cut might have no idea money is waiting for them. Unlike typical investment returns, these payments come from enforcement actions against firms that overcharged fees, failed to provide promised discounts, or engaged in other violations that cost customers money. Key Takeaways FINRA’s enforcement cases often result in restitution for harmed investors, which can lead to direct payments to individuals affected by broker misconduct. Investors are often notified by mail or through their…
As of the first quarter of 2025, U.S. household debt reached a record $18.2 trillion, an increase of almost $4.6 trillion since 2019. Mortgages remain the largest share, but credit card, auto, and student loan balances are also at historic highs. The average American is now $62,500 in debt, most of it tied up in their home. Meanwhile, even as more than half of U.S. households report having a retirement account, over 20% of adults aged 50 and older have no retirement savings at all. The typical amount that Americans said they’ll need for a secure retirement, now $1.26 million, also…
Boring can be bullish. Unfortunately, August kicked off Friday with plenty of excitement. Source link