Author: Arabian Media staff
Nick Candy, the treasurer of Nigel Farage’s Reform UK, has racked up more than £100mn of financial losses backing a number of failed ventures including an augmented reality start-up and a high-fashion house.The property developer behind luxury Knightsbridge apartment block One Hyde Park — which has been a magnet for oligarchs, pop stars and other super-rich buyers — took the senior post in Farage’s party last year with the promise to transform its finances and woo significant donors. Candy has spearheaded Reform fundraising dinners that attracted former Conservative donors. He was also present at a December meeting at Donald Trump’s…
Image credit: Getty Images Sobha Realty, a leading luxury global real estate developer, has announced a significant enhancement to its maternity leave policy, reinforcing its commitment to employee well-being and workplace excellence. In a bold, people-first move, the company now offers 120 days of maternity leave to its female employees. Throughout this period, all other employment benefits will be fully retained. This progressive policy far exceeds the UAE Labour Law requirement of 60 days and sets a new benchmark in the private real estate sector. Read-Sharjah approves new employee leave policy Sobha Realty now stands out as the first developer…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Toyota will deliver a homegrown operating system with one of its best-selling vehicles by next March, in a bid by the world’s largest carmaker to catch up with Tesla and Chinese rivals’ software lead.The in-house system, known as Arene, will provide over-the-air updates to help drivers with manoeuvres such as lane keeping and parking, as well as multimedia and entertainment features. It will debut in the next-generation RAV4 sport utility vehicle.The software platform is central to Toyota’s efforts to lay the groundwork…
Global digital transformation company, Globant inaugurated its Middle East regional headquarters in Riyadh, marking a key step in its expansion strategy and commitment to the region’s growing technology sector. Less than three years after entering the Middle East, Globant is cementing its presence with a regional HQ that will serve as a Center of Excellence for artificial intelligence, creativity, and digital solutions. The company said the Riyadh hub will act as a launchpad for exporting talent and digital best practices to its global operations. “Reinvention is Globant’s core identity. Through the opening of our new Middle East headquarters in Riyadh,…
Economists at Goldman Sachs say the Trump administration’s tariff policy will lift prices but not trigger an inflation surge. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Earlier this month, the Ukrainian military claimed to have shot down a Russian fighter jet with missiles fired from an unmanned naval drone. The development was emblematic of a conflict in which the battlefield has become a testing ground for new technologies, including drones and artificial intelligence. And those advances are hastening the day where machines that can kill people operate entirely autonomously.Artificial intelligence can allow drones to operate with greater autonomy and is playing a growing role in the Ukraine conflict,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.One of the hottest rivalries now running in corporate America is not between two businesses but rather the judicial establishments in two states. In an ongoing effort to become the premier home for companies big and small, Texas this month enacted major changes to its corporation law to make it more welcoming to managements as well as those shareholders with controlling stakes in a business. It was a clear escalation of the showdown with rival Nevada to challenge the dominance of Delaware as…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Earlier this year, the Financial Times — with its research partner Statista and its colleagues at start-up media brand Sifted — published its second ranking of the best support schemes for new businesses across Europe. It was based principally on assessments of incubator and accelerator schemes by alumni who had participated in them, as well as the recommendations of investors and entrepreneurs, and the financial performance of the most successful start-ups they backed.Interactive ranking: Europe’s Leading Start-up HubsClick here to view the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.With its clamp-shaped hands and legs that bend backwards, one of the latest humanoid robots tried to move a can from a supermarket shelf into a shopping basket in front of attendees at a Silicon Valley tech conference.“I missed 🙁,” the machine, made by Agility Robotics, told onlookers via an app before succeeding a second time.The demonstration highlighted the imperfect but fast advancing state of humanoid robotics. A host of companies including Agility, Boston Dynamics, Figure and Elon Musk’s Tesla are developing…
Image credit: WAM/Website Air Arabia and Al Maryah Community Bank (Mbank) have partnered to enable the use of AE Coin payments for flight bookings through the AEC Wallet App. Read-Air Arabia reports record Dhs1.6bn pre-tax profit in 2024 Air Arabia is the Middle East and North Africa’s first and largest low-cost carrier (LCC), and Al Maryah Community Bank (Mbank) is the UAE’s first fully integrated digital bank. This collaboration makes Air Arabia the first airline in the region to offer stablecoin-based payments, underscoring the carrier’s commitment to offering innovative digital solutions to its customer base, according to a WAM report.…