Author: Arabian Media staff

Lula Mohanty, managing partner for IBM Consulting MEA/Image: Supplied The UAE has emerged as a surprising but confident frontrunner in AI governance, according to a new IBM study. Developed by the IBM Institute for Business Value (IBV) in collaboration with the Dubai Future Foundation, the report reveals that UAE businesses lead the world in appointing Chief AI Officers (CAIOs), a sign that organisations here see AI not just as a tech upgrade, but as a critical enabler of future growth. In an exclusive interview with Gulf Business podcast Situation Today, Lula Mohanty, managing partner for IBM Consulting across the Middle…

Hurdle Rate vs. Internal Rate of Return (IRR): What’s the Difference? When a company decides whether a project is worth the costs that will be incurred in undertaking it, it may evaluate it by comparing the internal rate of return (IRR) on the project to the hurdle rate, or the minimum acceptable rate of return (MARR). Under this approach, if the IRR is equal to or greater than the hurdle rate, the project is likely to be approved. If it is not, the project is rejected. Hurdle Rate The hurdle rate, also called the minimum acceptable rate of return, is the…

Former takeaway worker Jian Wen’s transformation seemed like a modern fairy tale as she went from serving customers at a Chinese restaurant in Leeds to renting a six-bedroom mansion in North London for £17,000 ($21,000) per month. But this wasn’t some feel-good entrepreneurial success story—it was the U.K.’s largest cryptocurrency money laundering case, involving over 61,000 bitcoins that would be worth $6.7 billion today. In March 2024, the 42-year-old former takeaway worker was convicted after helping convert stolen cryptocurrency into cash, jewelry, and real estate. Yet the question for many watching the case remained: Was Wen a sophisticated criminal who…

Image: Supplied Blacklane, the global chauffeur service, has introduced Rolls-Royce models as a new Platinum Class option, initially in Dubai. This marks the first time Rolls-Royce vehicles have been added to the company’s platform, signalling an acceleration of Blacklane’s investment and expansion across the Middle East. The launch of Platinum Class follows other recent strategic growth initiatives in the region. Blacklane added Mercedes Benz EQEs in March Earlier this year in March, Blacklane added a fleet of all-electric Mercedes Benz EQEs to its platform in Dubai, enhancing its First Class service, which has been established in the city since 2023.…

Goldman Sachs looks for a continued broadening of the rally to incorporate China. Source link

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Americans spend almost as much eating out every year as they owe in student debt. Source link

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Credit card issuers are raising the annual fees on their premium products, to the tune of hundreds of dollars. Chase, most notably, upped the yearly charge for its popular Sapphire Reserve from $550 to $795 in June 2025, but it’s not the only issuer with increasingly pricey plastic. Learn more about the recent fee increases and how to determine when a high annual fee is worth it. Key Takeaways Premium travel credit cards are inching closer to costing cardholders $1,000 a year, with the Chase Sapphire Reserve now charging a $795 annual fee as of publication. These cards offer robust benefits,…