Author: Arabian Media staff
Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here.Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com One scoop to start: One of Europe’s largest asset managers Legal & General is merging two investment units as it attempts to refocus the business on higher-profit markets. In today’s newsletter:Private equity founder sends warning to wealthy investorsCanada’s pensions reassess US marketsEuropean and Asian…
Dick’s Sporting Goods’ $2.4bn swoop on its struggling rival Foot Locker could not have come at a better time, enthused Edward Stack, the retailer’s executive chair, upon announcing the unexpected deal this month. Nike’s multiyear efforts to reduce its dependence on retailers had helped send Foot Locker into a downward spiral by depriving the chain of some of its most in demand trainers. But with the world’s biggest sportswear brand now “leaning back into wholesale” to revive growth, Foot Locker was set to be a beneficiary, Stack told analysts. While the deal carried a whiff of opportunism — Foot Locker shares…
Image: Dubai Media Office Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE, has issued Decision No (4) of 2025 in his capacity as Chairman of the Financial Audit Authority. The move establishes operational procedures for the Central Violations Committee and the Grievances Committee under the authority, aiming to enhance accountability in public finances without compromising the impartiality or fairness of disciplinary proceedings. The decision applies to all employees and senior officials — including CEOs and those in higher executive positions — within entities falling under…
How many of us dream of leaving the city, leaving our jobs, getting away from it all to do something more rural, more romantic — something like running a vineyard? In 2022, communication executive Sophie Brendel and her husband Panu Long, an event manager and drinks consultant, did just that. They upped sticks from London and moved to a 250-year-old Somerset farmstead, following their pipe dream of making their own organic cider and wine. Neither of them had farmed before. For some, the prospect would be terrifying. Brendel, however, goes with “exhilarating”.“There are lots of things we worry about,” admits…
The tit-for-tat tariff escalations between the US and China are on pause, at least temporarily. But if the world’s two biggest economies don’t make progress by July, they could return with a vengeance. How can the two parties make progress? And what does China actually want from the US? Soumaya Keynes speaks to Jay Shambaugh to find out. Shambaugh was the US Treasury’s undersecretary for international affairs under Joe Biden. In other words, he was in charge of the US’s economic relationship with China. He and Soumaya discuss how the Trump administration could negotiate with China, and how interwoven trade…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Denmark has rejected calls from Germany and France to scrap a planned EU supply chain law that has become symbolic of the bloc’s dilemma between meeting its ambitious climate goals and helping its ailing industry.“We don’t agree” on abandoning plans to ask companies to monitor, report and take action against forced labour and mitigate the environmental impact of their operations outside the EU, Danish industry minister Morten Bødskov told the Financial Times.Copenhagen will gain greater policy influence in Brussels when it takes…
Image: Getty Images A total of 961,903 pilgrims have arrived in Saudi Arabia for the annual Hajj pilgrimage, according to the General Directorate of Passports, the Saudi Press Agency (SPA) reported on May 25. The directorate said 912,598 pilgrims entered the kingdom via airports, 45,028 through land crossings, and 4,277 by sea, as the kingdom prepares to host one of the world’s largest religious gatherings. The authority reaffirmed its commitment to ensuring a smooth arrival experience by equipping all international entry points with advanced technology and deploying highly trained, multilingual staff. Kingdom cracks down on Hajj regulation violaters Meanwhile, the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China’s largest gold miner, Zijin, is expanding into ‘streaming’ of precious metals in a bid to secure more bullion supply at a time of skyrocketing prices. Streaming is a type of mine financing in which an investor makes a payment to a mine in return for a share of future production. The managing director of Zijin’s investment subsidiary said its new streaming fund — the first from a Chinese mining company — is looking to do deals in Africa and South America, and…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This month the UK has signed trade deals with India, the US and the EU. At a time of worry about the prospects for world trade, this should be a reason for feeling less depressed about the outlook for Britain. But the deals, while better than none, might not merit even one cheer.The deal with the US will merely limit the damage done by Donald Trump’s trade war, one that is particularly unjustified in the case of a loyal ally that does…
Image credit: RTA Website Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority (RTA), has announced the completion of 70 per cent of the Umm Suqeim Street Improvement Project. Read-Dubai traffic: How RTA aims to eliminate jams on Sheikh Zayed, Al Khail Roads The project stretches from the intersection with Al Khail Road to the intersection with Sheikh Mohammed Bin Zayed Road. It forms part of a master development plan for the Umm Suqeim–Al Qudra corridor, which runs from Jumeirah Street to Emirates Road, spanning a total of 16kms. The…