Author: Arabian Media staff
A Dubai startup incubator has seen funding of more than AED7.8bn ($2,1bn) for its entrepreneurs since it launched, as the city’s pro-innovation framework nurtures the growth of enterprises and talent. Funding raised by start-ups within TECOM Group’s entrepreneurship incubator in5 since its inception has crossed AED7.8bn ($2,1bn) it announced on the sidelines of Expand North Star, the world’s largest event for start-ups and investors. The figure represents 163 per cent growth over total funding raised as of 2023, demonstrating the accelerated growth of in5’s start-ups this year. Dubai startup funding with in5 Majed Al Suwaidi, Senior Vice President at TECOM…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water has insisted it has the right to pay its executives lucrative “retention payments” for agreeing an emergency £3bn loan, setting the beleaguered utility on a collision course with ministers who are determined to block the awards.A government spokesperson said on Friday that ministers would intervene if Thames Water persisted in attempts to keep the “outrageous” payments after the company claimed it could sidestep new legislation designed to prevent controversial bonuses. “This is a crude attempt to play the public for fools…
If you are no longer working with the employer that established your 403(b) account, you can roll your 403(b) balance into a traditional individual retirement account (IRA). Key Takeaways If you change jobs or retire, you can roll over your 403(b) account balance into a traditional individual retirement account (IRA).If you go to a new job that offers a 401(k) savings plan, you may be able to transfer the balance of your 403(b) account into it.When you roll over your funds, always make sure it is sent via a direct transfer—that is, that the funds are sent by your 403(b) recordkeeper…
Image: ADNOC The Abu Dhabi National Oil Company (ADNOC) announced on Thursday a series of strategic agreements with major US energy companies that could enable up to $60bn of US investment in UAE energy projects. The deals were unveiled during a UAE-US business dialogue held with President Trump. Among the key agreements is a field development plan with ExxonMobil and Japan’s INPEX/JODCO to expand production capacity at the Upper Zakum offshore oilfield, the world’s second-largest offshore field. ADNOC also signed a strategic collaboration with Occidental to explore boosting output at the Shah Gas field to 1.85 billion standard cubic feet…
Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, participated in a session titled “The UAE’s Vision for Entrepreneurship – Future Growth Opportunities for Local and Global Investors”, which took place at Expand North Star 2024. Al Mazrouei said that the UAE boasts a comprehensive entrepreneurship and SME ecosystem, characterised by pioneering initiatives, a flexible legislative framework, and competitive incentives for establishing businesses and startups. UAE entrepreneur growth Furthermore, the UAE has amended more than 60 laws to support the growth of SMEs and increase their contribution to the national GDP. Today, this ecosystem houses more than 50 government…
‘Shark Tank’ Star Barbara Corcoran lists her New York penthouse for $12 million — after waiting 23 years for the chance to buy it Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Crown Estate is set to confirm a deal with Australian developer Lendlease to buy a stake in the site around London’s Euston station, as part of a joint venture for six projects expected to be worth £22bn once completed.The King’s property company plans to take a 50 per cent stake in the new joint venture with Lendlease, which outlined the details in an announcement to the Australian stock exchange.The government appointed Lendlease as “master development partner” for the development of the…
Historically, many investors mistakenly based the success of their portfolios on returns alone. Few investors considered the risk involved in achieving those returns. Now, it’s far easier to measure risk, with many investment sites providing the Treynor, Sharpe, and Jensen ratios to help you measure the returns-risk balance for different stocks. But which is best? Should you use one or all three? Learn more about these measurements and how to use them to evaluate portfolios. Key Takeaways Portfolio performance measures are a key factor in the investment decision.Three popular performance measurement tools that assist with portfolio evaluations are the Treynor,…
Dubai is an ideal environment for digital startups and is actively supporting new businesses in the sector, according to the Chamber of Digital Economy. Amid targets to triple the number of app developers in the emirate and generate AED100bn ($27.2bn) a year through digital transformation the city has become a hub for digital startups. The Chamber showcased the competitive advantages of Dubai’s business environment in fostering the growth and success of digital startups during a panel discussion at Expand North Star 2024. Dubai woos digital startups Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, highlighted Dubai’s…
Weekend Reads: Putting a number on how much in Social Security might be garnished to repay student loans; coverage of the bond market; and whether or not gold could rise even further. Source link