Author: Arabian Media staff

Wall Street is wagering that BlackRock continued to draw investors in during the second quarter, with assets under management expected to eclipse $12tn.The world’s largest asset manager is in the midst of a mammoth shift engineered by chief executive Larry Fink, as he pushes the public markets giant into top rungs of the private investment industry. The $12bn takeover of private credit specialist HPS Investment Partners earlier this month closed after the quarter ended, so most of the inflows in the three months to end of June are expected to come from BlackRock’s iShares exchange traded fund business. BlackRock is…

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Image credit: Supplied As Saudi Arabia marks seven years since lifting the ban on women driving, Uber has announced the launch of a new feature called Women Drivers, which allows female riders to be matched exclusively with female drivers. The rollout, set to begin in the coming weeks, is part of Uber’s ongoing commitment to promoting gender inclusivity and economic empowerment in the country. The new feature is designed to expand mobility options for women while offering greater flexibility and opportunity for women drivers. It also supports Saudi Arabia’s Vision 2030, which includes boosting female participation in the workforce. Read-Smart…

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Image: Supplied UAE-based telecom provider du has become the country’s first telecom operator, and only the second in the GCC, to achieve ISO 20400 certification, a globally recognised standard for sustainable procurement. The certification marks a key milestone in du’s commitment to embedding environmental, social, and economic sustainability throughout its supply chain and procurement operations. It also reinforces alignment with the UAE’s Net Zero by 2050 initiative and the broader push for responsible sourcing practices across industries. “Achieving the ISO 20400 certification is a milestone in our journey for excellence in sustainability and our commitment to responsible operations that extend…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in Barratt Redrow fell more than 10 per cent on Tuesday morning after the UK housebuilder said it had sold fewer homes than forecast in the year to the end of June. The company, one of Britain’s biggest housebuilders, said it had sold 16,565 homes in the year, down from its April guidance of between 16,800 and 17,200.The company said the shortfall was “mainly due to the impact of fewer international and investor completions than expected” in its London business. Demand had…

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Image: Getty Images Diriyah Company has awarded a SAR2.249bn ($600m) contract to Salini Saudi Arabia, a subsidiary of the Webuild Group, for the construction of Diriyah Square — a flagship retail district at the heart of the Diriyah masterplan. Part of the wider “City of Earth” vision, Diriyah Square will feature over 400 retail, dining, and leisure brands within a pedestrian-focused setting that blends modern experiences with Najdi-inspired architecture. The project aims to redefine the retail and lifestyle offering in Diriyah and, more broadly, in Riyadh. The contract marks Salini’s third major engagement on the Diriyah Square development. The company…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brussels plans to impose tariffs on Boeing aircraft, cars and bourbon as part of a proposal for further retaliation against €72bn of annual US imports if trade talks with Washington fail.The European Commission, which runs EU trade policy, drew up the list — seen by the Financial Times — after US President Donald Trump over the weekend declared he would levy 30 per cent so-called “reciprocal” tariffs on the bloc on August 1.The total amount is lower than an earlier list of…

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Image: Supplied As social media becomes an integral part of family life, TikTok is stepping up its efforts to promote digital literacy and wellbeing across generations. In this interview, Ilunga Mpyana, head of Public Policy Programmes for the Middle East, Turkey, Africa, Pakistan and South Asia at TikTok, discusses the platform’s Family Academy initiative, how it’s helping parents and teens navigate the digital world together, and why responsible digital citizenship is a shared responsibility. What inspired the launch of the Family Academy initiative, and how does it reflect the platform’s long-term vision for digital wellbeing? TikTok is committed to ensuring…

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