Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private equity groups Warburg Pincus and Berkshire Partners are working on a sale of US software group Ensemble Health Partners, which could value the business at as much as $12bn including debt.Ensemble’s majority owners are in the process of hiring advisers to guide a possible sale, which could result in the private equity groups offloading the whole business or a stake, according to two people familiar with the matter. A deal would mark a speedy and profitable exit for Warburg Pincus and…
Spreading investments across different asset classes, rather than relying on one, is a key strategy to balance risk and potential returns over time. Known as asset allocation, this approach typically involves a mix of stocks, bonds, and cash tailored to your financial goals, risk tolerance, and time horizon. This balance isn’t a set-it-and-forget-it decision; rather, regular portfolio reviews and adjustments ensure your portfolio adapts to your changing financial needs and goals. Key Takeaways Your ideal asset allocation is the mix of investments, from most aggressive to safest, that will earn the total return over time that you need.The mix includes…
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence of the UAE, Chairman of The Executive Council of Dubai, and Chairman of the Higher Committee for Future Technology and Digital Economy, announced the launch of Ignyte, a dynamic digital platform that seeks to empower the next generation of startups and entrepreneurs on their journey toward global growth. Curated by Dubai International Financial Centre (DIFC), Ignyte serves as a key initiative under the Dubai Digital Economy Strategy, designed to empower over 100,000 startups and entrepreneurs. Ignyte Dubai As part of Dubai’s vision…
The deal will create what the companies describe as “an industry leader in mobile and broadband communications services, seamless video entertainment, and high-quality customer service.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An ex-UK tax adviser at BGC Group who admitted taking part in a £24mn scheme to defraud the broker-dealer has been jailed after a judge found he tried to create a “secret financial reservoir” to avoid repaying his former employer.Michael Viney was handed a 16-month prison sentence for contempt of court on Friday after the High Court in London said he had devised a scheme to hide and dissipate funds that he was supposed to use to reimburse the US company.Wearing a…
When people talk about “the market,” they’re often referring to the performance of the S&P 500 index. Since 1957, this benchmark index has delivered an average annual return of over 10%—a figure that has created substantial gains for long-term investors. However, that number tells only part of the story. Behind these average gains lies a history of bull and bear markets, devastating crashes and remarkable recoveries, and major shifts in the kinds of companies found in the index. From the postwar boom of the 1950s to today’s tech-driven market, the index has weathered recessions, inflation spikes, market bubbles, and global…
COLABS, Pakistan’s venture-backed workspace platform, announced raising $2 million in a pre-Series A funding round. The funding round was led by Shorooq Partners, with participation from Saudi-based Waad Investment. The fresh capital is to be deployed for the company’s strategic expansion into Saudi Arabia and the broader MENA region, it said. “This funding marks a pivotal moment for COLABS as we set our sights on the vibrant MENA market, with a particular focus on Saudi Arabia’s flourishing entrepreneurial ecosystem,” said Omar Shah, co-founder and CEO of COLABS. “Our success in Pakistan has proven the strength of our model in fostering…
Spring is usually the time when construction companies build more homes in anticipation of rising sales. But for the third year in a row the picture in the housing market is bleak. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Airbnb doesn’t just want to find a place for travellers to sleep. It wants to be their go-to source for chef-cooked meals, spa treatments, hair appointments and personal training services too.The company that took short-term rentals mainstream this week unveiled a major redesign that would make it easier for users to book services such as a massage in London, and experiences like wrestling with a luchador in Mexico City. In the same way that one can “Uber” a ride, the idea is…
What Is Semi-Retirement? Whether you love your job or don’t have a enough savings to leave the workforce entirely, semi-retirement could be a good option for you. Semi-retirement is a phenomenon where people continue to work part-time in retirement. This could look like scaling back hours at a full-time job or quitting your current role to work part-time or freelance instead. Some people may opt for semi-retirement out of financial necessity, while others may have a desire to keep working because they enjoy their jobs and find meaning and purpose in their careers. Key Takeaways During semi-retirement, retirees work part-time…