Author: Arabian Media staff
The UAE has been named the best place in the world for entrepreneurs as foreign ownership rules, government support and finance options make it easier than ever to launch a business in the country. The UAE has ranked first globally for the fourth consecutive year in the Global Entrepreneurship Monitor (GEM) Report 2024/2025. The report also ranked the UAE as the best place for entrepreneurship and small and medium-sized enterprises among 56 economies assessed this year. UAE tops entrepreneur ranking The UAE secured the top position among high-income countries in 11 out of 13 key indicators based on expert assessments…
Airbnb has rolled out an extensive new effort to make services from professional chefs, local tour guides, celebrities and others available through its platform. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.HSBC and JPMorgan both have a problem with their “return to office” strategies. Having downsized their real estate footprints during the pandemic, they don’t actually have enough office space for the employees to return to. JPM’s big campus in Columbus, Ohio, now operates a “park and ride” scheme because there isn’t enough parking if all the desks are occupied. There’s been talk of fights over ergonomic chairs. And at HSBC’s new London office, the current estimate is that there are 7,700 fewer…
For most founders, securing funding to get started is often one of the most difficult hurdles to overcome. Often, it can be hard to get the credentials required for a business loan, and in many cases, owing someone money or handing over business equity is not very appealing! That’s where grants for small businesses come into play! In this article, I’ll take you through the grant programs you should be capitalizing on this year, helping you get the funding you need without the strings attached. Short on time? Here are the key takeaways Small business grants can be an excellent…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe late Pope Francis had trenchant opinions on many subjects, and the sustainability of sovereign debt burdens in emerging markets was among them.Francis’s address on New Year’s Day this year asked “leaders of nations with Christian traditions to set an example by cancelling or significantly reducing the debts of the poorest countries”. The timing is appropriate: 2025 is one of the Catholic Church’s jubilee years, which come every 25 years and during which debts are traditionally forgiven. The previous one…
When a parent passes away, the last thing on your mind might be their debt. However, in most cases, you don’t have to worry about inheriting their debt. When a person dies, their debts are generally settled by their estate or forgiven. Debts that you can inherit from your parents are debt that you’ve co-signed with them, debts on inherited property, and, in some states, medical debt. Key Takeaways Usually, a deceased parent’s debts are settled by the parent’s estate or forgiven, not inherited by a child.Debt collectors can make a claim against an estate, but they may not harass…
Image: Dubai Media Office/ For illustrative purposes Dubai is poised to attract a major surge of international wealth in 2025, potentially reshaping its role in the global financial system, according to a new report by real estate brokerage Betterhomes. Titled Dubai: No Longer a Pit Stop, But the Finish Line for Global Wealth, the report outlines how shifting global geopolitical and economic dynamics are fueling high-net-worth individual (HNWI) migration to the UAE. This, in turn, is transforming Dubai’s prime real estate landscape. In 2024, 6,700 millionaires relocated to the UAE. With 142,000 millionaires expected to migrate globally in 2025, Betterhomes…
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, aims to replicate its successful SME building strategy in India, Southeast Asia and Africa to the GCC, and plans to roll out an ambitious growth plan through a series of strategic tie-ups. The UK banking major arm is gearing up for a major expansion in the GCC region, with an aggressive strategy to tap into the region’s estimated over $200 billion financing opportunity, especially in the small and medium enterprise (SME) sector, its top executive revealed. “SMEs are the backbone of the economy, and our aim is to equip them…
The junk-bond market is showing signs of calmer times after positive developments in U.S. trade negotiations. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Foreign state investors will be allowed to take a stake of up to 15 per cent in British newspapers under government plans to allow media groups to tap into sovereign wealth to fund future deals. A new statutory instrument — a form of legislation — is set to be put before parliament on Thursday, the government confirmed. It was reported earlier on Wednesday by the FT.The decision comes after a deal by Abu Dhabi-backed RedBird IMI to acquire the Telegraph newspaper was…