Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Legal & General, the British finance company that is one of Europe’s largest asset managers, has acquired a real estate investor as part of a strategic push into private markets under chief executive António Simões.L&G, which manages £1.1tn in assets, has taken a 75 per cent stake in Proprium Capital Partners, a $3.5bn global real estate private equity group, the companies have confirmed. Under the terms of the deal, which is subject to regulatory approval, L&G will eventually acquire 100 per cent…

Strategists warned the move, announced after the market close on Friday, could spark some near-term selling in stocks and Treasurys. Source link

U.S. Treasury Secretary Scott Bessent warned Sunday that some of America’s trading partners could soon face a sharp hike in tariff rates, and dismissed Moody’s downgrade of the U.S. government’s credit rating. Source link

Image: Supplied At the 2025 Arabian Travel Market in Dubai, Expedia Group unveiled a series of strategic initiatives aimed at deepening its presence in the Middle East. From the launch of its Travel Agent Affiliate Program (TAAP) in the UAE to expanded partnerships with Emirates and Adeera, the global travel platform is doubling down on technology, B2B solutions, and destination marketing to fuel regional tourism growth. We spoke with Rob Torres, SVP of Expedia Group Media Solutions, about the company’s vision, evolving traveller trends, and what’s next for Expedia in the region. What did Expedia Group showcase at this year’s…

Image: UCIC United Carton Industries Company (UCIC), the Middle East and North Africa’s largest corrugated carton manufacturer, announced the successful completion of its retail subscription period, with the tranche oversubscribed 8.91 times and participation from 396,601 individual investors. The retail offering, comprising up to 2.4 million shares or 20 per cent of the total 12 million shares on offer, concluded on May 13. The company said the total demand reached SAR1.069bn (approx. $285m). United Carton Industries IPO: Offer price set at SAR50 per share Each subscriber will receive a minimum of six shares, with the remaining shares allocated on a…

Britain and the EU will on Monday agree a major post-Brexit reconciliation, but haggling over key details including fisheries, food trade and youth mobility dragged on into Sunday evening as both sides engaged in eleventh-hour brinkmanship.A historic summit at Lancaster House in London will see both sides sign a security and defence partnership, the centrepiece of the “reset” and a recognition that the whole continent needs to pull together to confront the threat from Russia.Sir Keir Starmer will sign the defence pact and a communiqué promising deeper economic co-operation during a two-hour meeting with European Commission president Ursula von der…

With its massive population and bustling economy, India is an engine of growth. As the Indian economy has grown, so has the value of its public companies. In 2024, India’s stock market capitalization surpassed Hong Kong’s for the first time, becoming the fourth-largest market for public equities in the world. According to data compiled by Bloomberg, on Jan. 22, 2024, the value of shares listed on Indian exchanges reached $4.33 trillion, compared to $4.29 trillion for Hong Kong. Key Takeaways India has two primary stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).The BSE is India’s…

Image credit: Getty Images Foreign pilgrims will be allowed to arrive in Saudi Arabia for Umrah starting on Dhul Hijjah 15, corresponding to June 11, 2025. Read-Umrah travel expansion: 2.5m airline seats targeted for pilgrims This is in accordance with the official Umrah calendar announced by the Ministry of Hajj and Umrah for the year 1447, according to a Saudi Gazette report. The Calendar The calendar includes key information such as visa issuance dates, agreements with foreign agents, and deadlines for entry and departure of pilgrims coming from outside the Kingdom. According to the ministry, Umrah visa issuance will begin…

A 401(k) is a defined contribution plan. You put away a set amount each paycheck, your employer may match some percentage of the contribution, and years later, you declare your own financial independence. There are other retirement-saving vehicles, such as an IRA, that can help you get there, as well. Even if you know how a 401(k) works and enthusiastically contribute to one, do you know about the fees that can come with it and the financial implications that come with them? Key Takeaways 401(k) plans come with various fees that aren’t always evident to the investor but can greatly…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s scientific institutions are stepping up investment plans in the face of attacks on research by Donald Trump’s administration, unveiling 10-year official funding guarantees and fellowships open to experts fleeing the US.The initiatives to be unveiled by the UK government, the Royal Society and the Royal Academy of Engineering within days will bolster efforts to woo international talent and give extra financial stability to long-term projects in fast-advancing fields such as quantum computing and bacterial resistance.The measures amount to an effort…