Author: Arabian Media staff
A new federal initiative known as Trump Savings Accounts offers a one-time, tax-deferred $1,000 investment for every baby born in the U.S. between Jan. 1, 2025, and Jan. 1, 2029. The funds are placed in an account that tracks a broad U.S. stock index, and can later be used for approved purposes such as higher education, starting a business, or buying a home. However, certain states have set up comparable “baby bonus” investment accounts, but the Trump Savings Accounts are federal and have no income restrictions. Here’s what you need to know about the differences between the two. Key Takeaways…
Investors have been piling into highly risky shares. Source link
One of the more glaring omissions from Tesla’s late Wednesday earnings was that the EV maker Tesla did not update its 2025 outlook as promised. Source link
“His financial circumstances present certain limitations for me.” Source link
Image: Getty Images The Acronis Threat Research Unit (TRU) has uncovered a sophisticated global malware campaign targeting consumers, especially gamers, by exploiting the massive popularity of online gaming, an industry valued at over $7bn in the Middle East alone. With rapid growth fueled by young, digitally savvy players, countries like Saudi Arabia, Qatar, and Türkiye have emerged as top global targets, according to the cybersecurity firm. The campaign is designed to deceive gamers aged 18–35 by promoting fake beta versions of indie games such as Baruda Quest, Warstorm Fire, and Dire Talon. Instead of real content, victims unknowingly download infostealer…
A string of global companies, among them Volkswagen and LG Electronics, have been the latest to report back to investors just how U.S. tariff strains have been hitting their bottom line. Source link
Image credit: Dubai Media Office/Website Dubai’s Roads and Transport Authority (RTA), through its Rail Agency, has completed Phase 2 of a major ventilation and air conditioning (VAC) overhaul across stations on the Red and Green Lines of the Dubai Metro. Read-Dubai Metro Blue Line construction: Traffic diversions announced The project is part of RTA’s Strategic Plan 2024–2030, focusing on passenger comfort, operational efficiency, customer satisfaction, and long-term sustainability of assets. It also aligns with RTA’s broader vision to be a global leader in seamless and sustainable mobility, a WAM report said. This milestone underscores the partnership between RTA and Keolis-MHI,…
Image credit: Getty Images The UAE continues to outperform its peers in global mobility, rising 34 places in the Henley Passport Index over the past decade to reach 8th position, up from 42nd in 2015. It is the only major riser to break into the Top 10, reflecting the country’s sustained efforts in visa diplomacy and international engagement. Read-No visa renewal in Dubai without clearing traffic fines, says GDRFA China, another standout mover, has also jumped 34 places over the same period, from 94th to 60th, despite not yet securing visa-free access to the Schengen Area in Europe. The remarkable…
Puma shares lost nearly a fifth of their value as the German apparel maker cited “muted brand momentum,” U.S. tariffs and elevated inventories as reasons why it’s now forecasting a loss on the year. Source link
Image: Getty Images Emirates Integrated Telecommunications Company (du) reported a 25.1 per cent year-on-year increase in net profit for Q2 2025, reaching Dhs727m, as strong growth across mobile, fixed and ICT services boosted the company’s bottom line. Revenue rose by 8.6 per cent to Dhs3.9bn, while EBITDA grew by 16.4 per cent to Dhs1.83bn, lifting the earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin to 46.8 per cent, up from 43.7 per cent a year earlier. The company attributed the performance to disciplined cost management and a more favourable product mix, including increased uptake of unlimited data plans. In…