Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.When UK asset manager Aberdeen Group renamed itself four years ago as Abrdn, the company said it had created “a highly differentiated brand”.While the new moniker stood out, it was arguably for the wrong reasons. The fund group, which had been called Standard Life Aberdeen following a merger, was widely ridiculed for removing most of the vowels from its name.Creating a “modern, agile, digitally enabled” brand was part of the stated rationale at the time, as was the lack of available internet…
Investors haven’t been as pessimistic on the U.S. dollar in two decades, according to a closely tracked survey released Tuesday. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The head of Renault’s budget brand Dacia, Denis Le Vot, is a frontrunner to become chief executive at the French carmaker, following the shock announcement of Luca de Meo’s exit for luxury group Kering.Renault hopes to avoid the type of lengthy CEO search that took place at rival Stellantis as the industry faces the challenge of transitioning to electric vehicles and the rise of Chinese competitors in Europe, according to several people with the knowledge of the discussions. The process is at an…
Stay informed with free updatesSimply sign up to the Investment Banking myFT Digest — delivered directly to your inbox.Wall Street executives are counting on their traders to offset tepid deal fees this quarter, after Donald Trump’s trade war threats made markets gyrate.Senior bankers say the market swings prompted by the US president’s “liberation day” declaration of higher tariffs led to a flurry of buying and selling by investors, even as corporate boardrooms put deals on ice.“Trading continues to be helped by volatility, with equity trading likely to continue to outperform fixed-income trading,” said Mike Mayo, a banking industry analyst at…
Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.It definitely doesn’t feel like it, but this is an era of remarkable economic tranquility. In fact, the degree of stability in the global economy is probably unprecedented. Don’t take our word for it. Here’s a chart (via Toby) showing the 20-year rolling standard deviations of US economic growth, going all the way back to the beginning of the 19th century:Some content could not load. Check your internet connection or browser settings.Sure, different countries will show subtly different things. In some countries…
Image credit: Alef/Supplied While Dubai and Abu Dhabi grab the headlines, Sharjah is quietly crafting a powerful growth story of its own. In the first half of 2024, real estate transactions in the emirate jumped over 35 per cent year-on-year—a clear sign of rising investor confidence and renewed market momentum. Read-Hayyan: Redefining eco-living in Sharjah Analysts point to Sharjah’s improved regulatory frameworks as a key catalyst. These updates have helped boost investor trust, while the emirate’s high quality of life at more accessible price points has drawn in families and mid-tier buyers. It’s a mix that is turning heads. “Sharjah’s…
“My niece, as smart and brilliant as she is, is not very good with her money.” Source link
The NBA legend is in the process of constructing a Beverly Hills megamansion on the site of his demolished $39 million former home. Source link
Image: Getty Images/ For illustrative purposes EDGNEX Data Centers by DAMAC, a global digital infrastructure company backed by Dubai-headquartered DAMAC Group, has announced the development of a next-generation, AI-powered data center in Jakarta, Indonesia – its second facility in the country and one of Southeast Asia’s largest AI-dedicated infrastructure projects. The new facility will have a projected capacity of 144 megawatts (MW) and represents a total investment of $2.3bn. Land acquisition was completed in March 2025, and the site has now entered early construction phases. Phase one of the project is expected to be ready for service by December 2026.…
Citi forecasts a return to $2500-2700 gold prices in the second half of 2026. Source link