Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Visitors to the A Lange & Söhne booth during this year’s Watches and Wonders fair were greeted by a massive, revolving facsimile of the German maker’s show stopper hanging from the rafters: the Minute Repeater Perpetual.With its moving parts and accurate display, the electrically-driven model was impressive — but seeing the real thing here, in deconstructed form, gives a far better impression of the micro mechanical challenges faced in creating such a watch within a case measuring just 40.5mm across.The movement alone…

Image credit: Getty Images The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) have jointly dismissed recent reports claiming that the UAE grants golden visas to investors in digital currencies. The statement comes amid growing misinformation circulating on various websites and social media platforms, a WAM report said. Read-New golden visa alert: Sheikh Hamdan’s big move for Dubai Health staff Golden visa eligibility clarified The ICP emphasised that golden visas are issued based on official frameworks and criteria that do not include digital currency investors.…

The S&P 500 is up more than 20 per cent since mid-April Source link

Image: Dubai Media Office His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the launch of a new strategic planning cycle for the UAE Federal Government, with artificial intelligence (AI) at its core. As reported by the Dubai Media Office, the initiative places AI front and center in transforming government planning, streamlining processes, optimising resources, and enhancing financial efficiency, aligning with the broader objectives of the We the UAE 2031 vision. His Highness affirmed, “We have launched the new strategic planning cycle for the Federal Government for 2031.…

Stay informed with free updatesSimply sign up to the Fund management myFT Digest — delivered directly to your inbox.US public university endowments are increasing investments in private equity even as the underperforming asset class has weighed on their private college peers in recent years. Seven public university endowments told the Financial Times they were increasing allocation to PE by as much as 150 per cent over the next few years in a bid to boost long-term returns.The push into illiquid assets comes as a prolonged high interest rate environment and a slump in IPO and dealmaking has depressed PE valuation. In…

Crypto companies and traders are pouring billions of dollars into tokenised versions of money market and Treasury bond mutual funds, as they look beyond stablecoins to other places to park excess cash that can also give them some yield.Total assets held in tokenised Treasury products — which include funds whose units have been converted into digital tokens as well as some tokenised US government bonds — have jumped 80 per cent so far this year to $7.4bn, according to data group RWA.xyz. Funds run by BlackRock, Franklin Templeton and Janus Henderson have grown particularly rapidly, with combined assets tripling.Inflows have…

Image credit: Getty Images Saudi Arabia, the world’s biggest oil exporter, on Sunday hiked August prices for Asian and European buyers by more than $1 a barrel as domestic crude demand is expected to rise, reducing exports, and consumption from China is likely to increase. State energy firm Saudi Aramco raised the official selling price for its flagship Arab light crude to Asia loading in August to $2.20 a barrel above the Oman/Dubai average, the highest in four month and $1 up from July. The price hike exceeded expectations of 50-80 cents a barrel in a Reuters survey early last…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Liechtenstein has launched an emergency task force to tackle a crisis of “zombie” trusts, which has left hundreds of entities linked to wealthy Russians in legal paralysis.The tiny Alpine principality, a hub for thousands of trusts and foundations, has been hit by a wave of resignations by fiduciary and board directors in the past six months as its regulatory system adjusted to US sanctions packages against Russia.The result could leave as many as 800 orphaned entities — legally recognised but functionally frozen…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Did you know that if you tickle a bonobo ape it will laugh until it farts? What about the honey badger that arrives at a beehive, puts its backside up against the entrance and breaks such potent wind that the bees are knocked unconscious? British writer Jay Griffiths has dozens more stories like this in her engaging ode to the animal kingdom, How Animals Heal Us (Hamish Hamilton £20).Griffiths goes beyond the familiar accounts of faithful hounds rescuing their owners or comforting the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.From Rio Tinto and Novo Nordisk to Stellantis and Unilever, this year a steady stream of European-listed companies have announced the abrupt exits of their chief executives as tensions with their boards spill out into the open. On paper, boards are doing their jobs. Faced with geopolitical upheaval, economic volatility and technological disruption, they are stepping in earlier, intervening faster and showing less tolerance for underperformance. Korn Ferry found that half of all CEO successions in Europe and the Middle East last year…