Author: Arabian Media staff
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Qiddiya Investment Company has entered into a strategic partnership with Adeera Hospitality, the Public Investment Fund’s (PIF) national hospitality company, to operate a portfolio of hotels across Qiddiya City. The collaboration aims to redefine the hospitality landscape in Saudi Arabia by delivering immersive, culturally-rooted experiences that align with Vision 2030’s ambitions to diversify the economy through tourism and entertainment. Set to become the Kingdom’s future capital of entertainment, sports, and culture, Qiddiya City is expected to welcome millions of visitors annually. The partnership with Adeera underscores the destination’s commitment to embedding Saudi identity into every aspect of the guest journey—moving…
The Fed cutting rates tends to see the equalweighted S&P 500 outperform says Jefferies Source link
Image: Getty Images A silent but powerful global shift is underway, and the UAE is at its centre. In 2025, an estimated 142,000 millionaires will relocate across borders, according to citizen advisory experts Henley & Partners. Of those, the largest share — a net 9,800 — will move to the UAE, bringing with them around $63bn in investable wealth. “This mass movement of millionaires represents the largest voluntary transfer of private capital in modern history,” said Dr Juerg Steffen, CEO of Henley & Partners, in the firm’s Great Wealth Flight report. He describes the trend as a “profound shift in…
“My 401(k) retirement planner shows I’ll likely be short $1,500 every month during my retirement.” Source link
Image: Getty Images Dubai has expanded its electric vehicle (EV) charging network to more than 1,270 charging points across the emirate, according to HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA). The growing infrastructure—developed in collaboration with partners from the public and private sectors—underscores Dubai’s push to accelerate sustainable mobility in line with the UAE’s national goals to ensure that electric and hybrid vehicles comprise 50% of all vehicles on the country’s roads by 2050. “In line with the vision of the wise leadership to make Dubai a global model for smart urban…
Swiss stocks were down on Monday as investors returned from a holiday to face fallout from a 39% tariff on imports from the U.S. Source link
Image credit: Getty Images The Saudi Ministry of Tourism has launched a new digital service enabling hospitality facility operators in Makkah and Madinah to apply for increased bed capacity ahead of the 1447 AH Hajj season. Read-Hajj 2025: Here’s how many pilgrims visited Saudi Arabia The initiative, available through the Tourism Activities Licenses Portal (https://mt.gov.sa), aims to support licensed hospitality providers in meeting the expected surge in demand. It is part of the ministry’s broader efforts to enhance digital services, streamline procedures, and ensure the sector is fully prepared to serve pilgrims, a Saudi Press Agency report said. According to…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Ithmaar Holding, a Bahrain-based investment company listed on the Dubai Financial Market, has reported accumulated losses of $827.07m for Q2 2025, exceeding its paid-up capital by 109%, according to its latest disclosure submitted on August 3. The update, filed in compliance with the UAE Securities and Commodities Authority’s (SCA) disclosure requirements, underscores the long-standing financial challenges faced by the company, with losses dating back to 2016. The accumulation of losses has been attributed primarily to impairment provisions from non-core investments following the global financial crisis, with further provisions recorded in 2018 due to the early adoption of FAS30—the AAOIFI equivalent…