Author: Arabian Media staff

AS DONALD TRUMP’S tariff tantrum destroyed trillions of dollars in shareholder value, shrieks of horror from American chief executives grew high-pitched. If you think America Inc had it bad, then spare a thought for Hong Kong. The self-governing Chinese territory is the world’s gateway to Asia, and China in particular. It is also Asia’s, and China’s, gateway to the world. And for the trade-warmonger-in-chief, China and Asia are enemies number one and two. Source link

International credit rating agency Fitch reaffirmed its ‘A+’ rating with a stable outlook for Ras Al Khaimah (RAK), validating the emirate’s strategic approach to sustainable, cross-sector growth and strong economic and investment environment. The emirate’s landmark tourism projects, including a major integrated resort, luxury hotels and world-class leisure facilities, combined with a surge in real estate revenue, are creating opportunities for investors, driving further investment and strengthening its economic resilience, Fitch said. Fitch estimated that Ras Al Khaimah achieved real GDP growth of 6.7 per cent in 2024, an increase from 3.6 per cent in the previous year. Ras Al…

“We are making plans to attend just to show support. The invitation states that our presence is a gift in itself.” Source link

Opinions expressed by Entrepreneur contributors are their own. The first time I hosted a Prompt Party, I didn’t call it that. I was just trying to keep my five-year-old busy on a rainy Friday evening.He wanted to make a video where our dog, Calvin, cooked up scrambled eggs with green onions. So we opened Sora, typed in a prompt and watched a pixelated masterpiece come to life. It was weird. And wonderful. And most of all, it was ours.That was the spark. Since then, we regularly gather for what’s become a tradition: Prompt Parties. They’re our family ritual where imagination…

Plastic is ubiquitous. Around 1m plastic water bottles are sold every minute and 5trn plastic bags are used around the world every year, according to the un’s Environment Programme. Half of all production, which is growing faster than that of any other material, is designed for single-use applications. The world’s annual output of over 400m tonnes is set to reach 1,100m by 2050. Mountains of waste mean pressure from both the public and regulators to improve recycling. Source link

Abu Dhabi National Energy Company (TAQA), the capital’s integrated utilities company, delivered a 3.8 per cent year-on-year growth in revenue, reaching AED14.2 billion (US$3.87 billion). In a quarter when ongoing volatility in the commodity market and a declining production profile in oil and gas created its own challenges, TAQA attributed the growth in revenue to higher pass-through items in its Transmission and Distribution (T&D) business. Despite the topline growth, TAQA’s EBITDA declined by 6.7 per cent to AED 5.3 billion (US$1.44 billion) and net income fell by 1.5 per cent to AED2.1 billion (US$570 million). Despite these headwinds, the stable…

If you’re not ready to dismantle your entire life at home and start anew in another country, there are other options. Source link

Databricks just snatched up another AI company. This week, the data analytics giant announced a $1 billion acquisition of Neon, a startup building an open source alternative to AWS Aurora Postgres. It’s the latest in a spree of high-profile buys, joining MosaicML and Tabular, as Databricks positions itself as the place to build, deploy, and scale AI-native applications.  Today, on TechCrunch’s Equity podcast, hosts Kirsten Korosec, Max Zeff, and Anthony Ha unpack the Databricks-Neon deal, where Neon’s serverless Postgres tech fits into the larger vision, and whether $1 billion still counts as “a lot of money” these days (spoiler: Kirsten…

Corporate tax rates, the percentage of a company’s profits that it pays to the government, can widely vary from state to state. Most states (except six: Nevada, Ohio, South Dakota, Texas, Washington, and Wyoming) charge a local corporation tax on profits of $100,000 on top of the federal rate of 21%.But which state charges the most? To find out, U.K.-based finance site, BusinessFinancing.co.uk, created a hypothetical company and applied every state’s tax rules using data from Big Four firms, Deloitte and PricewaterhouseCoopers.Related: 4 Tax Strategies Every High-Earning Entrepreneur Needs to Know for 2025 The fake company was public, in the…

When Monica Lewinsky, once an intern at the White House, was cajoled into a lunch date by Linda Tripp, a colleague wearing a wire, she was met by fbi agents and taken to a room in Washington’s Ritz-Carlton Hotel to be interrogated. What seemed like an innocent lunch date was one of the first steps towards a presidential impeachment. Yet one of the more remarkable aspects of the story is that even lowly workers took lunch in a restaurant back in those days. Source link