Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Risk advisory groups have seen a “sharp increase” in inquiries as companies in the Gulf region ready contingency plans and activate crisis teams in preparation for any potential spillover of the Israel-Iran war.Gulf monarchies, home to the region’s foremost financial centres such as Dubai and Abu Dhabi, have been at pains to keep their countries out of the fray after working to improve relations with Tehran in recent years. There is no immediate change to the security situation in the wider region,…
Paper Social Security checks will be eliminated on Sept. 30. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.X chief executive Linda Yaccarino has said that users will “soon” be able to make investments or trades on the social media platform, as she outlined a push into financial services in owner Elon Musk’s quest to build an “everything app”. “You’ll be able to come to X and be able to transact your whole financial life on the platform,” Yaccarino said in an interview with the Financial Times at the Cannes Lions advertising festival. “And that’s whether I can pay you for…
Image: DSS/ DFRE Dubai Summer Surprises (DSS) is back for its 28th edition, running from June 27 to August 31. Organised by Dubai Festivals and Retail Establishment (DFRE), this year’s festival is packed with more than two months of unbeatable shopping, dining, entertainment, and family fun across the city. From exclusive retail promotions and world-class concerts to raffles, hotel deals, and pop-up food experiences, here’s everything you need to know to make the most of DSS 2025. The festival is sponsored by Commercial Bank of Dubai with major partners including Al Futtaim Malls, Majid Al Futtaim, Emirates Airline, ENOC, talabat…
Since launching in 1934, The Investment Company of America fund has rolled with World Wars and evolving economies. These are its stock picks. Source link
Stay informed with free updatesSimply sign up to the UK tax myFT Digest — delivered directly to your inbox.Small businesses in the UK failed to pay 40 per cent of the corporation tax they owed in 2023-24, leading to claims that His Majesty’s Revenue & Customs has “lost control” of the sector. Although the overall “tax gap” between the amounts due and collected reduced in the year, the sum owed by smaller companies rose from £12.3bn to £14.7bn, figures published by HMRC on Thursday showed. Small businesses — defined as companies with turnover below £10mn and fewer than 20 employees — accounted…
Image courtesy: Los Angeles Lakers/ X Tthe Los Angeles Lakers (LA Lakers) are set to change hands in a landmark deal, with minority owner Mark Walter reportedly acquiring the family’s majority stake for $10bn, according to ESPN and multiple reports, making it the most expensive sale of a US professional sports franchise ever. The Buss family, owners since 1979 when Jerry Buss purchased the team for $67.5m, agreed to the sale in a move approved by the NBA’s board of governors. Post-sale, Jeanie Buss is expected to remain as team governor and the family will retain just over 15 per…
Stay informed with free updatesSimply sign up to the Science myFT Digest — delivered directly to your inbox.The biggest optimist about the UK I’ve recently met is Ilan Gur. Naturally, he’s American. His buoyancy may owe much to his fun job as the founding chief executive of the Advanced Research and Invention Agency (Aria), which has been disbursing £800mn of UK government money to fund moonshot science projects, ranging from dexterous robots to programmable plant life. It’s always easier to be intoxicated with the future than sober about the present.Still, Gur makes a persuasive case that scientific innovation in Britain…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Drinks maker Pernod Ricard is reorganising its business to cut costs and eventually headcount amid a depressed global market for alcohol, the company’s leadership told employees this week. The maker of Jameson whiskey, Absolut Vodka and Martell Cognac will simplify its structure, centralising some functions and administration, according to people with knowledge of the details, which will eventually lead to some job cuts. The company will divide its brands into two units. The first will include its whiskey, champagne and cognac brands; the second…
Image credit: Emirates/Website In a bold move to enhance the travel experience, Emirates and Uber have signed a strategic Memorandum of Understanding (MoU) aimed at redefining how passengers move between destinations. This partnership seeks to offer a more seamless, rewarding, and technologically integrated journey for travelers around the world. Read- Emirates soars to further success: CCO Adnan Kazim on its growth and global reach The MoU was signed by Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer, and Anabel Diaz Calderon, Vice President and Head of EMEA Mobility at Uber. The agreement will focus on creating a smoother transition…