Author: Arabian Media staff
Image: Getty Images/ For illustrative purposes As artificial intelligence (AI) reshapes industries and societies worldwide, the Gulf Cooperation Council (GCC) is emerging as an unexpected leader in this technological transformation. With governments and businesses in the region proactively embracing AI, a profound shift is underway – one that could propel the Middle East to the forefront of the global AI landscape. At the heart of this revolution lies a striking cultural mindset: a fundamental curiosity and openness to exploring the boundless possibilities of AI. Research by Oliver Wyman reveals that a remarkable 74 per cent of people in the UAE…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Investment banking is a people business. Clients pay generous fees in the hope of getting smart advice from analytical thinkers; relationships are managed deftly by silver-tongued advisers. An experiment by UBS raises the question of whether the humanity in high finance is overrated.The Swiss bank has digitally cloned about three dozen of its equity analysts, generating short videos presented by lifelike avatars. They perform scripts based on the analyst’s research notes, complete with hand gestures and eyebrow raises. The AI is good…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldPresident Donald Trump’s “big, beautiful” tax bill risks sharply increasing the US public debt, sparking alarm among investors and fuelling questions over how long the world will finance Washington’s largesse.US long-term borrowing costs rose at the start of this week, after a congressional committee on Sunday advanced a budget bill that is estimated to add trillions of dollars to the federal deficit over the next decade by extending tax cuts. The bill progressed after Moody’s on Friday stripped the US…
Somewhere between a corporation and a partnership lies the limited liability company (LLC). This hybrid legal entity is beneficial for small-business owners and a powerful tool for estate planning. For those who want to transfer assets to children, grandchildren, or other family members and are concerned about gift taxes or the burden of estate taxes your beneficiaries will owe, an LLC can help. Individuals can control and protect assets during their lifetime, keep assets in the family, and reduce taxes. Key Takeaways A limited liability company (LLC) is used to pass assets to loved ones while avoiding or minimizing estate…
Image: Dubai Media Office Dubai has launched the Dubai PropTech Hub in a move to fast-track on the directive of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Higher Committee for Future Technology and Digital Economy. The initiative, launched during a committee meeting chaired by Sheikh Hamdan, is aimed at accelerating innovation and digital transformation within the real estate sector, aligning with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033. Dubai’s PropTech market was valued at approximately Dhs2.2bn in 2023. The new hub targets over Dhs1bn in…
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereToday’s agenda: Traders dump Casino debt; £48bn for England’s new towns; Israel’s Gaza takeover plan; Europe’s Maga populists; and are female experts more credible? Good morning. Donald Trump has claimed that Russia and Ukraine will “immediately” begin negotiations on preparations for peace talks, but signalled that he was leaving Moscow and Kyiv to find a deal without the US as a broker. Here’s what we know.What…
Markets cheered the deal with China. But away from Wall Street, confidence is plummeting and prices are on the rise Source link
The S&P 500 Index is considered a fairly accurate snapshot of the U.S. economy since it measures the market capitalization of the nation’s 500 largest corporations. In fact, the very first exchange-traded fund (ETF) created used the S&P 500 as its benchmark. ETFs are easy to buy through the best brokers and trading platforms. State Street Global Advisors introduced the Standard & Poor’s Depositary Receipt, better known by its arachnid acronym, SPDR (“spider”), and traded under the symbol SPY since 1993. It is the oldest ETF out there and remains one of the largest by any measure. SPY has more…
One scoop to start: Graham Robinson, a top biotech and technology lawyer, is set to depart Skadden Arps for Kirkland & Ellis, according to people familiar with the matter, as the jockeying for talent among Big Law firms continues to heat up despite a slowdown in dealmaking.And a sharp Lex note: In a fallow year for mergers and initial public offerings, it’s fitting that the largest US transaction of the year should be a combination of both, Lex writes.Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter.…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Poland’s stock market has emerged as one of the world’s top-performing bourses this year, helped by the country’s relatively insulated position from the global trade war and an expected boost from neighbouring Germany’s fiscal “bazooka”.The benchmark WIG Poland index has climbed 28.6 per cent year to date — despite slipping on Monday after an unexpectedly close first-round presidential vote — placing it ahead of other strongly performing markets such as Chile and Greece. In contrast, the US’s benchmark S&P 500 is up…