Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private credit is now so intertwined with big banks and insurers that it could become a “locus of contagion” in the next financial crisis, a group of economists, bankers and US officials has warned.Researchers from Moody’s Analytics, the Securities and Exchange Commission and a former top adviser to the Treasury Department found private credit funds have become enmeshed with the banking system, creating “new linkages [that] introduce new modes of systemic stress”. “Their opaqueness and role in making the financial network more…
Stay informed with free updatesSimply sign up to the UK energy myFT Digest — delivered directly to your inbox.The new Sizewell C nuclear power station is expected to get the final go-ahead during an Anglo-French summit in London next month, as UK ministers edge towards securing billions of investment from the private sector.The UK government — which owns the Sizewell C project alongside French state-owned energy company EDF — is keen to begin construction at the Suffolk site, the second in a proposed fleet of new nuclear reactors to help boost Britain’s supplies of low-carbon electricity. Darren Jones, a Treasury…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water has announced that US private equity firm KKR will not proceed with a planned deal to inject billions of pounds of equity into the utility, throwing the future of Britain’s largest water utility into doubt.Thames Water in late March selected KKR as its preferred partner for an equity recapitalisation deal, under which the US firm would take over the near-insolvent utility and rescue it from the brink of nationalisation.However, on Tuesday Thames Water said that “KKR has indicated that it…
Senior Bank of England staff members who resigned from climate and nature risk supervision roles have complained the central bank neglected the issues, leaving the UK financial sector underprepared. Six people who left the BoE between 2020 and last year told the Financial Times that climate change had been deprioritised under governor Andrew Bailey. Some said he had diverted the institution’s focus away from risks perceived as “soft” and hard to quantify. Senior managers had not been empowered to take climate risk seriously as part of mainstream supervision work since Bailey took over from Mark Carney, added the former employees,…
Image credit: WAM/Website Dubai’s Roads and Transport Authority (RTA) has announced the operating hours for all its services during the Eid Al Adha holiday for the Hijri year 1446H (2025). The timings apply to Customer Happiness Centres, public transport, paid parking zones, marine services, and technical testing centres. Read-Eid Al Adha 2025: UAE, GCC countries declare holidays Customer Happiness Centres All Customer Happiness Centres will remain closed during the Eid Al Adha break. However, Smart Customer Happiness Centres at Umm Ramool, Deira, Al Barsha, and the RTA Head Office will continue to operate 24/7. Technical testing centres Service provider centres…
The 2025 RAKBANK SME Confidence Index is out and shows that the UAE’s Small & Medium Enterprise (SME) sector continues to show resilience and build on the momentum in recent years, despite a marginal drop in the overall Index score by four points. Measured against a base score of 50, the findings reflect a stable and optimistic sentiment against a dynamic economic environment. The SME Confidence Index score for the UAE in 2024 was 57, a 4-point drop from 61 in 2023. UAE SMEs show resilience The Index is based on insights from over 1,200 UAE-based SMEs. Done in partnership…
Turing Award winner launches LawZero non-profit for safer AI, while warning recent models display dangerous characteristics Source link
Image: WAM A new report from market intelligence firm NielsenIQ (NIQ) reveals that rising insurance premiums are reshaping consumer behaviour across the UAE, as individuals rethink spending patterns and adopt strategies aimed at long-term financial stability. According to the report, over half of surveyed consumers reported an increase in insurance premiums, with more than 80 per cent expecting further hikes —particularly in the auto sector. This has led to a surge in interest for cost-effective solutions, including loyalty rewards, no-claims discounts, and policies with reduced coverage. “While inflation is beginning to ease, its impact on household budgets remains,” said Rahul…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldA campaign by rightwing lawmakers in Texas to limit renewable power projects has failed, underscoring the state’s commitment to all sources of energy as it strains to meet exploding demand.A package of bills that would have derailed renewable power projects throughout Texas died on Monday after failing to secure enough votes to advance in the state legislature.The legislation’s demise was a blow to champions of fossil fuels who hoped to capitalise on President Donald Trump’s pledge to unleash a new…
Image: Supplied In Middle Eastern society, where tradition and innovation intertwine, philanthropy is undergoing a transformative renaissance. It is a journey marked by strategic foresight, where the youth and women are steering the shift from benevolence as a cultural hallmark to philanthropy as a strategic pillar of sustainable development and ESG objectives. Historically, philanthropic initiatives in the Middle East were deeply rooted in cultural and religious values, particularly the ethos of hospitality and community solidarity. Today, this foundational layer, characterised by informal charity, has become a more strategic, structured, and impactful movement, with charitable organisations increasingly focusing on long-term solutions…