Author: Arabian Media staff
When Greg Abel takes over for Warren Buffett as CEO of Berkshire Hathaway (BRK.A, BRK.B), he’ll have big shoes to fill. Buffett leaves an unparalleled legacy as one of the greatest investors ever, having transformed Berkshire from a struggling textile company into a $1.1 trillion conglomerate. Abel, a famously private executive who has run Berkshire’s non-insurance operations, offered a glimpse into his philosophy for success while addressing shareholders at Berkshire’s annual meeting this month. Key Takeaways Abel said hard work and a great work ethic are the keys to success.Americans tend to agree with him; surveys consistently show they view…
Image: Supplied Nissan in the Middle East reported a year-on-year increase in sales across the Middle East for the first nine months of its financial year (April- December 2024), a strong performance when compared to the brand’s global performance and automotive headwinds. Thierry Sabbagh, DSVP and president Saudi Arabia, Middle East – Nissan, INFINITI, recently spoke to Gulf Business to discuss the key drivers behind the brand’s regional success and star models, its future-focused ARC strategy, the evolving role of digital transformation, and how Infiniti is carving a space in the premium segment. Here are excerpts of the chat. Nissan…
A new UAE free zone is offering easy set up for businesses in the country, including visas within 24 hours, business licences in two hours and paperwork-free set up. Ajman has announced the launch of the Ajman NuVentures Centre Free Zone (ANCFZ), a pioneering new free zone designed to streamline business setup and foster economic innovation. As the UAE’s free zone landscape grows increasingly competitive, Ajman NuVentures Centre Free Zone introduces a fresh approach, making business establishment simpler, faster, and more accessible than ever before. New UAE free zone in Ajman ANCFZ combines strategic geographic access with service offerings tailored…
“I previously drove a fully loaded BMW X7, and driving a used Lexus feels like a big drop.” Source link
Stay informed with free updatesSimply sign up to the Utilities myFT Digest — delivered directly to your inbox.The UK’s water watchdog has promised investors revenue guarantees, no competition and minimal risk as it tries to drum up more than £50bn for projects to address water shortages.Investors will have the “right to collect” revenues from customers, “opportunities for upside”, “capped liabilities” and “investment positive” support from the government, according to an Ofwat briefing paper seen by the Financial Times. The document, presented to investors at a conference at the London offices of investment bank Jefferies last Friday, adds that there is…
What is a silent partner? No, it’s not as sinister as a silent assassin; a silent partner can be very helpful. If you’re looking for an injection of cash but want to remain in control of your business and its daily operations, or if you’re interested in starting your own business but need an initial investment, a silent partner may be a helpful avenue to explore. That being said, it’s important that you understand the benefits and risks involved when seeking a silent partnership. Key Takeaways Silent partners play a crucial role for startups and small businesses that need to…
Image: Getty Images/ For illustrative purposes A recent study from Wyndham Hotels & Resorts uncovers some exciting insights into how Gen Z travellers in the UAE are approaching travel. From cultural connections to digital tools, this next generation of explorers is redefining travel as we know it. Here’s a look at the key trends shaping their journeys. 1. Social media as the travel guide For UAE’s Gen Z, social media platforms like Instagram and TikTok are not just for entertainment; they’re key tools for travel inspiration. In fact, 26 per cent of Gen Z travellers in the UAE say that…
This represents an impressive year-over-year (YoY) growth of 380 per cent compared to the same period last year, underlining the chamber’s commitment to supporting promising digital startups. Businesses specialising in Artificial Intelligence (AI) and machine learning accounted for 11 per cent of the digital startups supported, followed by Fintech on 9 per cent; Software as a Service (SaaS) on 7 per cent; Technology, Media and Telecommunications (TMT) on 7 per cent; and health tech on 7 per cent. Dubai Chamber of Digital Economy growth During the first nine months of this year, the chamber trained 787 Emiratis on the fundamentals…
“I also have $300,000 in a 401(k). My wife has a 403(b) that currently sits at $650,000.” Source link
Tech groups have released upgrades to store a larger amount of user information and personalise responses Source link