Author: Arabian Media staff

Mexico has produced its fair share of billionaires. Here are the country’s top five wealthiest individuals, along with descriptions of their net worths, their wealth rankings in Mexico, their global wealth rankings, and descriptions of the sectors in which they earned (or inherited) their astonishing fortunes. Data is current as of July 2025. Key Takeaways Mexico is home to 22 of the world’s 2,933 billionaires, as measured in U.S. dollars.Carlos Slim Helu, the wealthiest person in Mexico, made his $93 billion fortune in telecommunications.The second wealthiest, Germán Larrea Mota Velasco, is the majority owner of Grupo Mexico, the country’s largest…

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Choosing between a limited liability company (LLC) and a corporation is one of the first big decisions a new business owner faces. Your choice affects how you’re taxed, how much paperwork you’ll deal with, and how protected your personal assets are. While both structures offer liability protection, they differ in ownership, tax treatment, and complexity. Here’s what you need to know to choose the right fit for your business. Key Takeaways LLCs are generally easier and more flexible to set up and manage than corporations.LLCs offer tax flexibility, allowing owners to choose how the business is taxed.Corporations may be more…

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Life insurance helps support your loved ones financially if you die, but some causes of death, like suicide, committing a crime, or engaging in dangerous sports, might not be covered. It’s important to read your policy carefully to know what could affect the payout. Key Takeaways The life insurance company may exclude activities or situations like suicide, adventure sports, and criminal activity as covered events under your life insurance policy. Insurance companies can deny death benefit claims if an insured individual dies as a result of an excluded event. Read your contract thoroughly to ensure you understand any exclusions. Life…

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Emirates Central Cooling Systems Corporation (Empower) has started supplying cooling services to the first phase of the Al Habtoor Tower project. The tower, positioned as the world’s largest residential icon, spans an area of 3,517,313 square feet. According to Empower, all phases of the district cooling connection for the development are scheduled to be completed by the end of 2027. Once fully operational, the project will receive a total cooling capacity of 7,200 refrigeration tons (RT), which is nearly 75% of the peak cooling demand of the Burj Khalifa. The service launch follows an agreement signed in April 2024 between…

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