Author: Arabian Media staff
Many people have separate accounts for their kids’ college education, a house down payment, or even a kitchen renovation they’re dreaming of. But one type of savings is far less likely to come up on date night: the money many quietly set aside in case their relationship ends. “Keeping such compartmentalization secret is a double-edged sword … being found out likely creates (more) conflict,” Johanna Peetz, Ph.D., a professor of psychology at Carleton University who studies relationships and financial behavior, told Investopedia. Still, she understands the quandary many partners face. “My intuition would be that if a breakup is considered…
Image: Supplied Leading hospital and health insurance group PureHealth has announced the strategic expansion of its insurance arm, Daman, marking its transformation from a health-focused provider into a comprehensive, multi-line insurer with entry into the high-growth property and casualty (P&C) segment. As part of this evolution, Daman will adopt a new legal name: The National Insurance Company – Daman, reflecting its broadened scope and strengthened position within the UAE’s dynamic insurance landscape. The transition reflects Daman’s broader mission to meet the evolving protection needs of individuals and businesses across the emirates by offering them a broader suite of insurance services.…
Why interest rates are likely to be lower than today within the next few weeks. Source link
The gross profit margin helps determine how well a company generates revenue from the cost of producing goods and services. Gross profit margin equals the percentage of revenue that exceeds the cost of goods sold (COGS). The higher the percentage, the more efficient the company generates profit for every dollar of the applicable direct costs. Key Takeaways Gross profit margin is the percentage of revenue that exceeds the cost of goods sold.The key costs included in the gross profit margin are direct materials and direct labor.Gross profit margin excludes depreciation, amortization, and overhead costs.If depreciation is included in COGS by exception, it impacts the gross profit margin. Calculating Gross…
The acid-test ratio (ATR), also commonly known as the quick ratio, measures the liquidity of a company by calculating how well current assets can cover current liabilities. Put simply, it determines how well a company’s short-term assets can cover its short-term debts. As such, this ratio uses only the most liquid current assets that can be converted to cash in a short time. Key Takeaways The acid test involves assessing a company’s balance sheet to see whether it has enough funding on hand to cover its current debt.It is seen as more useful than the often-used current ratio since the acid test excludes inventory, which can be hard…
Ukraine’s audacious attack on Russian airfields sent a shockwave through the oil market, but analysts doubt the rally will last as OPEC+ accelerates production hikes. Source link
Comcast: An Overview Comcast Corporation (CMCSA) is a global media and technology conglomerate. The company was founded in 1963 when Ralph Roberts purchased American Cable Systems, a small subscriber cable system in Tupelo, Mississippi. The cable company was subsequently incorporated under the name Comcast, had its first public stock offering in 1972, and has since grown into a world leader in media, entertainment, and technology. Five major companies owned by Comcast are AT&T Broadband, NBCUniversal, Sky, Dreamworks Animation, and XUMO. Today, Comcast is led by CEO Brian Roberts, the founder’s son. In 2024, the company posted an annual net income…
A bipartisan bill focused on credit-card swipe fees has failed to gain traction for years, but it has another shot in the U.S. Senate this week thanks to a separate measure focused on the cryptocurrency industry. Source link
Deducting home equity loan interest can save you money on your tax bill, but you have to understand the rules under the Tax Cuts and Jobs Act (TCJA) of 2017. A loophole allows homeowners to deduct interest for qualified home improvements. Specifically, you can write off the home equity loan interest if you use the funds to buy, build, or substantially improve the residence. Key Takeaways The TCJA of 2017 significantly altered the rules for deducting home equity loan interest.Homeowners can still deduct interest if the loan is used for qualifying home improvements.Proper documentation and adherence to IRS guidelines are…
The meteoric rise of cryptocurrency in the public consciousness in the past two decades can hardly be overstated. Bitcoin’s launch in 2009 set the stage for the worldwide proliferation of digital tokens and coins. As of April 22, 2025, there are well over 14 million cryptocurrencies available around the world, with new coins launching daily. (Although some estimates suggest that at least half of all cryptocurrencies that are launched will eventually fail.) Combined, these tokens account for nearly $3 trillion in market value, enough to rival the biggest publicly traded companies on earth. Much of the initial hype surrounding the…