Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Amazon and Walmart will lock horns this week, after the ecommerce giant and the world’s biggest retailer set their flagship annual discount periods for the same dates in a battle to win US consumers. Seattle-based Amazon moved its annual “Prime Day” digital sales event to begin on July 8, matching the date of Walmart’s sales period last year, and lengthened it from two to four days. Walmart held to the same start date, setting up a head-on clash — and one-upped Amazon…

Image: Supplied With the recent introduction of Dubai Law No 2 of 2025, the DIFC Courts have entered a new chapter — one focused on clarity, efficiency, and tech-driven justice. Gulf Business met with Ayesha Bin Kalban, who serves as registrar at DIFC courts, to discuss the impact of the new law, and how mediation, technology, and a user-first approach are reshaping dispute resolution in Dubai. Bin Kalban also discusses her path from case progression officer to leading court registry operations and how her journey can inspire Emirati women interested in pursuing a career in the legal profession. Here are excerpts from…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Britain’s financial regulators are failing to push through vital reforms needed to unlock some £22bn in trade finance for small businesses, the UK branch of the International Chamber of Commerce has warned.In a letter to the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority, the ICC said there was an “urgent need” for reforms to regulations governing the raising of trade finance that is key to underwriting global transactions. The letter, seen by the Financial Times, warned that the “antiquated”…

Stay informed with free updatesSimply sign up to the Media myFT Digest — delivered directly to your inbox.More than 200 executives from independent labels and trade associations have written to EU regulators to complain that Universal Music Group’s $775mn acquisition of music services company Downtown poses a “clear threat” to competition and growth in the industry.In a letter sent on Friday evening to Teresa Ribera, the EU’s competition chief, the groups urged the European Commission to carry out a more detailed investigation of the deal, which they argue will give Universal too much power. The commission is currently probing the deal,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU is holding back on signing a joint declaration on climate action with China at a leaders’ summit this month, adding to tensions between the two sides over trade and Russia’s war on Ukraine.EU officials said Beijing had made multiple requests for a declaration on their mutual climate commitment following a mid-July summit between European Commission President Ursula von der Leyen and Chinese President Xi Jinping to mark 50 years of diplomatic relations.But Brussels had refused to agree on a communiqué…

“I’ve been told previously by people that the best thing about Birmingham was leaving it,” says jewellery designer Laura Vann, who grew up in the English West Midlands city. So new global recognition of its jewellery skill is “sweet vindication” that helps her “reframe the narrative” about Birmingham.Last month, the World Crafts Council (WCC), a Unesco-affiliated organisation, named Birmingham as a World Craft City for jewellery and allied trades. Birmingham’s Jewellery Quarter is a historic manufacturing hub that in its heyday, around 1913, employed more than 70,000 people. In 2022, it was estimated it housed more than 600 businesses, employing…

I have marvelled over the past few years, and continue to marvel, at how markets shrug off the most dramatic political and economic events. Pandemics, wars, the toppling of the global trade system, the rise of rightwing nationalism and leftwing populism — nothing seems to derail investors’ animal spirits.Many reasons have been given for this, from still high corporate earnings to the promise of artificial intelligence, to the so-called Taco trade. But I’d like to propose another: the world simply hasn’t settled on a new economic narrative. Until it does, we are likely to linger in a period of uneasy…

Stay informed with free updatesSimply sign up to the UK banks myFT Digest — delivered directly to your inbox.The boss of Lloyds Banking Group has likened forcing pension funds to invest in UK assets to “capital controls”, arguing that tackling the housing crisis and improving Britons’ financial resilience would be a better way to grow the economy.Charlie Nunn said mandation would put funds “in conflict” with their fiduciary legal obligations to find the best returns for pensioners. “Mandating allocations of pension funds is a form of capital control. I have spent 10 years of my working life in China and…

Political responses to a bad situation tend towards either charlatanism or timidity Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Gucci x Pomellato tie-up pieces Two of Kering’s luxury brands have joined forces for the first time in a high jewellery collection launch, as much of the conglomerate’s portfolio comes under increasing pressure.The tie-up between Pomellato and Gucci, which accounts for just under half of group revenues and almost two-thirds of operating income, puts a spotlight on how jewellery, rather than fashion, continues to be Kering’s most resilient asset.While Kering had healthy growth between 2018 and 2022, more recently it has reported…