Author: Arabian Media staff
Image credit: Supplied The 28th edition of Dubai Summer Surprises (DSS) officially commenced on June 27, 2025, bringing an impressive array of deals, entertainment, and free activities across the emirate. Organised by the Dubai Festivals and Retail Establishment (DFRE), this year’s event spans a solid 66 days, running until 31 August. It promises a summer filled with preeminent shopping discounts, headline concerts, cultural activations, family-focused attractions, and spectacular prizes. Read-Dubai Summer Surprises 2025 to start soon: 11 unmissable experiences “DSS 2025 is the most diverse edition to date, anchored around three specially curated shopping seasons,” states Suhaila Ghubash, vice president of Festivals…
The market is wrong to expect a rate cut in September, says Citadel Securities Source link
Low-cost carrier Wizz Air (WIZZ.L) said on Monday it was quitting its Abu Dhabi operation after six years to focus on its main European market, citing geopolitical instability and limited market access. Wizz, which originally focused on central and eastern Europe but expanded into Britain, Italy and Austria, said in future it would concentrate on its much more profitable European business. Shares in the London-listed airline rose 1.5 per cent in early trading. The stock is down about 62 per cent over the last two years, hit by issues with Pratt & Whitney GTF engines which led to the grounding…
Image: Getty Images/ For illustrative purposes In the corporate and financial world, there is a tendency to see sustainability and ESG (environment, social and governance) responsibilities and achievements mainly from a valuation perspective, as the popular mantra of “doing well by doing good” succinctly expresses. This mantra creates a risk that monetary value should be the ultimate measure of success. The current backlash against ESG is an outcome of such short-sighted approach to value. This creates a more serious risk of financialisation, where our financial markets, in pursuit of annually calculated returns, become disconnected from building a green and equitable real economy…
The KISS rocker picked up the “one-of-a-kind” estate in September. It has 6 bedrooms, 9 baths and sweeping views of the ocean. Source link
Image: Supplied When it comes to investments in artificial intelligence (AI), the numbers are staggering. Stargate, a US initiative to build the largest AI data centers the world has ever seen, aims to invest $500bn over the next four years. Saudi Arabia and the UAE just announced plans to buy hundreds of thousands of advanced AI chips. And at France’s “AI Action Summit” earlier this year, public and private actors pledged investments surpassing EUR 300bn to advance AI in Europe. It is very clear that expectations about the economic benefits of this technology are sky high. Yet, a recent McKinsey…
The pro golfer and his family quit their $18 million Florida mansion to relocate to the U.K., and it appears that the move was exactly what the doctor ordered. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China’s antitrust regulator has conditionally approved a $35bn takeover by US tech company Synopsys of smaller rival Ansys, with its decision coming soon after the Trump administration quietly eased restrictions on exports of chip design software tools.Monday’s green light comes after China’s State Administration for Market Regulation (SAMR) paused the approval process in May, the Beijing-based regulator said in a statement, confirming a Financial Times report last month. Its statement revealed a quick turnaround, with SAMR taking just one day to grant…
Image: Getty Images Binance has launched what it calls its “most meaningful product yet” – Sharia Earn, a fully certified Sharia-compliant crypto staking product aimed at providing Muslim users with halal investment opportunities. The announcement was made during the Binance Square Webinar by CEO Richard Teng. The new solution allows users to earn staking rewards on selected crypto assets, starting with BNB and Solana, while complying with Islamic finance principles. It represents Binance’s first step into the world of Islamic finance and is seen as a critical move to bridge the gap between digital assets and Sharia-compliant financial products. Speaking…
Image: Supplied Sukna Capital has just secured regulatory approval to launch the first open-ended direct lending fund in Saudi Arabia and the wider Middle East, offering flexible, non-dilutive capital tailored to the needs of startups and SMEs. Targetting sectors such as fintech, sustainability and AI, the fund addresses a critical gap in the region’s capital stack by providing structured credit solutions based on commercial traction rather than collateral alone. The fund is being led by a seasoned team, including Fares Bardeesi, a former senior banker, and Waleed Alballaa, ex-STV founding partner and co-founder of Riyadh Angel Investors. In this interview,…