Author: Arabian Media staff

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…

Republican hardliners are threatening to kill the legislation Source link

This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Welcome back. While Donald Trump racks up investment deals (and a new plane) on his tour of the Gulf, Republicans in Washington are working to implement his pledge to destroy the “Green New Scam” of low-carbon energy policy. What does it mean for the clean…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldRepublicans are souring on Donald Trump’s policies, pushing a closely watched measure of consumers’ confidence in the US economy to its second-lowest level on record. The University of Michigan’s overall index of consumer sentiment tumbled to 50.8 in May, from 52.2 the previous month, while the expectations figure fell to 46.5 amid mounting fears that people could soon start to lose their jobs.The poll also showed people’s expectations of inflation a year from now soared from 6.5 per cent to…

An asset-protection trust can help older adults in need of constant nursing care pay the substantial costs of assisted living or skilled nursing facilities and at-home help. Average daily nursing home costs can exceed $320 and can be significantly higher in certain metropolitan areas, according to a 2023 Genworth survey. Medicare, the federal health care program for adults 65 and older, only covers nursing home expenses when you enter a facility for short-term rehabilitation. Medicaid, a joint federal and state program, can cover the balance. But in order to qualify for the latter, your total countable assets—including cash in bank…

According to international institutions, the UAE leads global indicators related to startups due to its continuous efforts in creating a supportive investment environment for innovation. These efforts have also reflected positively on the country’s ranking in global competitiveness indices. Recent statistics from Statista reveal that the UAE topped the GCC countries as the leading incubator for startups, with more than 5,600 startups registered across the country by the second quarter of 2024. UAE startups The data highlighted that the UAE is leading the region in the fintech startup sector, with more than 550 companies currently operating in this field. A…