Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Companies myFT Digest — delivered directly to your inbox.The Financial Times wants to hear about companies that have transformed themselves, for the next edition of our Reinvention Champions report. Now in its second year, the report showcases European companies that have shifted strategy, launched an innovative new product or service, moved to a new market, or even adopted a whole new business model. Just as Nokia is no longer known for mobile phones, we want to hear tales of nimble companies that have adapted to changing circumstances or found a new…
Stay informed with free updatesSimply sign up to the German economy myFT Digest — delivered directly to your inbox.Germany’s new government will seek to pass a €46bn package of corporate tax breaks over the summer in an effort to jolt the Eurozone’s largest economy out of stagnation. Finance minister Lars Klingbeil, a Social Democrat, will outline the measures during a cabinet meeting on Wednesday. The tax incentives, which include deductions for new equipment and new electric vehicles, will cost about €46bn in total by 2029, when the coalition’s term expires, according to government estimates seen by the Financial Times.“Following a…
Stock-market weakness in the first quarter of 2025 knocked some retirement investors out of the millionaires club, but it didn’t stop workers from saving. Source link
European governments are braced for high-stakes negotiations with US President Donald Trump that will put the continent’s defence, economy and security on the line.Grand designs to build “an independent Europe” are on hold as officials strain to maintain Trump’s support through five weeks of crunch talks over Ukraine, transatlantic trade and the US security commitment to Nato.Europe’s negotiators are increasingly concerned that the US president will demand concessions in one area in exchange for support in another, forcing the EU to sacrifice its core values or accept a firm break with Washington. “All these crises, all at once: it’s the…
Image: Supplied Across the Middle East, insurers are racing to adopt AI and meet rising regulatory demands but many are still losing the race where it counts: data integration. According to Norton Rose Fulbright’s “Insurance Foresight 2025” report, artificial intelligence (AI) will play a growing role in driving this transformation. Yet, despite the buzz around innovation, most insurers are still shackled by siloed systems that can’t talk to each other. Data is often stored in different systems, slowing communication, creating errors, and frustrating customers. Solving this isn’t just a technical upgrade – it’s the next big leap toward real operational…
Image: RTA/ Dubai Media Office Dubai’s Roads and Transport Authority (RTA) has unveiled a major infrastructure development project covering Al Wasl Road, Umm Suqeim Street, and the Al Qudra corridor, aimed at reducing travel times and significantly increasing road capacity across key urban areas of the city. The development spans 15 km along Al Wasl Road, from the intersection with Umm Suqeim Street to the junction with 2nd December Street. It includes the upgrade of six intersections and the construction of five tunnels totalling 3,850 metres. The road will be widened from two to three lanes in each direction, which…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A majority of Warner Bros Discovery shareholders voted against the 2024 pay package for chief executive David Zaslav, whose remuneration has been a sore spot for investors amid steep declines in the media group’s share price.A regulatory filing published on Tuesday showed that a majority of shareholders rejected Zaslav’s $52mn package in a 1,063,214,128 to 724,453,004 vote. The move is largely symbolic because it is nonbinding. The Warner Bros Discovery board said in a statement that it “takes the results of the…
Image: Supplied Huda Beauty, one of the world’s most recognisable makeup brands, has regained full independence after its founder, Huda Kattan, bought back the equity stake held by US-based private equity firm TSG Consumer Partners, ending their eight-year partnership. TSG had acquired a minority stake in the Dubai-based company in 2017. With the repurchase, Kattan resumes full ownership of the brand she launched in 2013 with a $6,000 loan from her sister. The move places Huda Beauty among a small number of fully founder-owned beauty companies in the global market. “Taking back full ownership of Huda Beauty is a deeply…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The asset cap under which Wells Fargo laboured for seven years — finally lifted on Tuesday — remains one of the weirdest, and harshest, penalties meted out to a rogue financial institution. Having extensively defrauded customers, the bank was barred by the Federal Reserve in 2018 from growing its assets above $2tn. The cap was temporary; its impact is not.Charlie Scharf, who took over as chief executive in 2019 after multiple scandals felled his two predecessors, has spent his time at Wells…
Stay informed with free updatesSimply sign up to the UK energy myFT Digest — delivered directly to your inbox.Government proposals to split Britain’s power market into zones, under which households and businesses would pay different rates depending on how close they are to wind and solar farms, have been backed by an influential group of peers.Baroness Dido Harding, who led the government’s test and trace scheme in England during the Covid pandemic, and Lord Udny-Lister, a former Downing Street chief of staff, are among the group that has come out in support of so-called “zonal pricing”. The House of Lords…