Author: Arabian Media staff
Expand North Star 2024 in Dubai has attracted the participation of 65 unicorns with a combined valuation of $400bn. The presence of these international success stories underlines the importance of the event for leading global investors and digital companies operating in diverse sectors. Unicorn company CEOs participating in the exhibition confirmed that Dubai represents an ideal gateway for establishing innovative digital projects and launching them globally. Expand North Star 2024 in Dubai Attendees praised the emirate’s stimulating environment for innovation and creativity, as well as its integrated business ecosystem that supports the ambitions of global companies specialising in advanced technologies…
One of the biggest breaks for the wealthy is still up in the air, which means planning for contingencies Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lambeth council shirked planning law when it approved a series of summer festivals, the High Court in London has ruled, in a decision that could prove to be a setback for the UK capital’s vibrant live music sector. Judge Tim Mould KC said on Friday that the local authority’s justification for approving weeks-long temporary events in Brockwell Park was “irrational”. The park near Brixton is one of many of London’s public green spaces to have been used to host an increasing number…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The world’s top poultry exporter Brazil said on Friday it had detected avian flu on a commercial farm for the first time, leading its biggest customer China to suspend chicken imports.Brazil, which makes up about a quarter of global poultry exports, was the last big exporter unaffected by the outbreak. The virus began in the US and then swept into Europe, leading to sharp rises in egg and poultry prices and straining household budgets.Brazil’s agriculture minister Carlos Fávaro said the Chinese trade…
A contract for differences (CFD) is a financial instrument traders use to speculate on prices without owning the underlying asset. When entering into a CFD, an investor and broker agree to exchange the difference between the opening and closing value of the underlying financial product. By focusing only on price changes rather than asset ownership, CFDs can provide a capital-efficient trading approach. While CFDs are widely available on over-the-counter (OTC) exchanges across Europe, Australia, and Asia, they’re prohibited for retail traders in the U.S. Key Takeaways A contract for differences (CFD) is a financial agreement where investors exchange the difference…
Abhi, a leading fintech company driving financial inclusion for employees and SMEs throughout the MENAP region, announced securing $15 million in credit financing. The debt financing is being led by Shorooq Partners and Amplify Growth Partnership. Abhi said the new funding will allow it to scale its operations and further expand its earned wage access (EWA) to serve the blue- and white-collar working populations in the country. To date, Abhi has provided about $55 million in EWA to workers in the UAE across 545,000 transactions. Omair Ansari, CEO and co-founder of Abhi said: “With this funding, we are poised to scale our impact,…
New Jersey Transit trains were not running Friday morning, as engineers went on strike after 15 hours of bargaining Thursday for wage increases that did not result in an agreement. Source link
On Saturday, Crystal Palace FC will pass a major milestone — the football club’s appearances in major cup finals will at last overtake its number of financial blow-ups. The south London team will take on Manchester City in the FA Cup final at Wembley almost 15 years to the day since the club was rescued from looming liquidation by a group of four local fans, its second escape from near-ruin in just over a decade. Now part-owned by Apollo co-founder Josh Harris, Blackstone executive David Blitzer and tech entrepreneur John Textor, it has held its place in the Premier League since being…
Risk is fundamental to investing. There’s no discussion of returns or performance that’s meaningful without acknowledging it. For both new and experienced investors, understanding where risk truly lies and the differences between low-risk and high-risk investments remains a key challenge in the mid-2020s. Below, we take you through how to differentiate and assess low- versus high-risk investments. Key Takeaways There are no perfect measures or predictors of risk, but historical comparisons and checking investments with similar assets are an important step before putting your money on the line. Low-risk investments offer greater predictability and are more likely to allow you…
The UAE will support startups developing advanced technology solutions for use in the trade sector after launching a new specialised incubator. Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, officially launched the TradeTech Accelerator, an innovative incubator designed to support startups. Forming one of the key pillars of the TradeTech Initiative, which was launched by the UAE in collaboration with the World Economic Forum (WEF) and the Abu Dhabi Department of Economic Development (ADDED), the Accelerator will help nurture enterprises and projects that will contribute to modernise and improve logistics, customs procedures, trade finance and cross-border payments. TradeTech…