Fri, December 13, 2024

by: Arabian Business

New tax in the UAE; Lottery warning; Crypto trading in Dubai; Kuwait halts e-visas; Saudi to host 2034 World Cup - 10 things you missed this week

Also making headlines this week were Saudi Arabia being awarded the 2034 FIFA World Cup, Kuwait halting e-visas, a massive new pedestrian network in Dubai and the top family businesses in the region were revealed. Catch up with the biggest stories this week, as selected by Arabian Business editors.

by: AOL

Investing in crypto: Pros and cons

Investing in crypto is something you really should take time to consider, including weighing the pros and cons. Here are some of the pros. Crypto, especially Bitcoin, is known for its rapid price moves, which have left many investors unfathomably wealthy.

by: Business Today

Insurance query: I want to know whether smoking and drinking are major clauses in a term insurance or not

My friend and I are in the process of considering term insurance, and a major point of concern for us is regarding smoking and drinking. Every broker has asked us whether we smoke or drink. One of us is a smoker who smokes almost daily, while the other ...

by: Yahoo Finance

1847 Holdings LLC Announces $11.42 Million Private Placement to Fund the Planned Acquisition of a Millwork, Cabinetry, and Door Manufacturer

NEW YORK, NY / ACCESSWIRE / December 13, 2024 /1847 Holdings LLC (NYSE American:EFSH) ("1847 Holdings" or the "Company"), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses,

by: MSN

Freedom Holding Corp brings FIDE world rapid & blitz chess championships to Wall Street

The worlds of finance and chess may seem very different. However, there are some surprising similarities between chess and business when it comes to strategic planning, decision-making and adapting to ever-changing circumstances.

by: Reuters

Exclusive: Yellen warns incoming Trump team against interfering with bank supervision

U.S. Treasury Secretary Janet Yellen on Friday urged the incoming Trump administration to refrain from interfering with what she called critically important appropriate regulation of American banks' capital levels,

by: Austin

Banks in deep water as President Biden rules against overdraft charges and fees

The Biden administration finalized a rule that will cap overdraft fees at $5 at the largest banks and credit unions.

by: Seeking Alpha

GenAI Breakthroughs And Bottlenecks

MediaTalk host Mike Reynolds and fellow S&P Global Market Intelligence reporter Iuri Struta discuss the future of technology and innovation, exploring

by: Diginomica

Can ERP standardization be a differentiator? PwC shares details of its global S/4HANA Public Cloud Edition rollout

SAP's has changed how it positions the S/4HANA Public Cloud Edition. But can it live up to the billing for performance and scale? What do the results look like? In this diginomica exclusive, we share what PwC has learned to date.

by: CBS News

Macy's adds to list of store closures, says it will close 65 this year

Macy's said it will close 65 stores this year, an increase from the 50 locations it previously announced it would shutter by the end of the fiscal year. The closures are part of its plan to eliminate roughly 150 underperforming stores over the next three years.

by: The Daily Signal

Entrepreneurs Look to Capitalize on Trump's Mandate

Entrepreneurs embraced the values of Trump's political movement and now they hope to capitalize on it for themselves and their investors.

by: The Globe and Mail

Freeland confirms Ottawa to develop $15-billion program to help pension funds invest in AI data centres

Finance Minister Chrystia Freeland confirmed Ottawa plans to develop a $15-billion program to generate up to $45-billion in investments from pension plans to build AI data centres, as first reported by The Globe and Mail. A daily look at the most important business stories that are making news and moving markets, written by Chris Wilson-Smith

by: Reuters

Shale drilling techniques could lead to a geothermal surge, IEA says

The shale drilling techniques that led to a boom in oil and gas output have also spurred the development of geothermal, which in theory could provide a stable source of power equal to the demand of India and the United States combined,

by: MSN

Adobe Inc. (NASDAQ:ADBE) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript December 11, 2024 Adobe Inc. beats earnings expectations. Reported EPS is $4.81, expectations were $4.66. Operator: Good day, and welcome to the Q4 and FY2024 Adobe earnings conference call.

by: Yahoo Finance

Why IonQ, Applovin, and BigBear.ai Dropped Like a Rock This Week

Shares of some of the market's hottest stocks took a big step back this week as investors reconsidered whether these stocks have run too far too fast in 2024. According to data provided by S&P Global Market Intelligence,

by: MSN

Every MicroStrategy Investor Should Keep an Eye on This Number

Investing in MicroStrategy for Bitcoin exposure? Don't forget to monitor this crucial metric before joining chairman Michael Saylor's Bitcoin-buying spree.

by: MSN

Nordson Corporation (NASDAQ:NDSN) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript December 12, 2024 Operator: Thank you for standing by. And welcome to the Nordson Corporation Fourth Quarter Fiscal Year 2024 call. All lines have been placed on mute to prevent any background noise.

by: MSN

TSU taps new interim president to repair "divided" university

The Tennessee State University board selected one of its own to serve as interim president and lead the financially strapped institution through a period of intense economic upheaval. Why it matters: TSU,
Sat, December 14, 2024

by: Business Today

Top stocks of the week: Vedanta, Delhivery, BSE, Voltas, Muthoot Finance and more

Stocks such as Indraprastha Gas, BSE, FACT, PB Fintech and Max Healthcare were among the top gainers on Nifty 200 this week.

by: Business Daily Africa

Lifeline or trap? Should I take out a loan at 26pc interest to clear rent arrears and pay fees?

I want to use this loan to pay off my rent arrears of Sh43,000, pay my son's Sh51,000 school fees (he is joining grade one and I want to pay a full year at a private school), pay my niece's fees arrears of Sh14,000, and buy three sheep for my mom at Sh8,000 to Sh11,000 each in the village.

by: Business Standard

Assam CM lays foundation for 220 crore Jorhat town water supply scheme

Assam Chief Minister Himanta Biswa Sarma laid the foundation stone for the Jorhat town water supply scheme and also launched a series of transformative initiatives, aimed at fostering growth and progress in Jorhat district.

by: Parkersburg News and Sentinel

Foundations: Blair looks back at tenure leading West Virginia Senate

Beginning with his time a Senate Finance Committee chairman ... and we moved at the speed of business, not at the speed the government." But Blair was defeated in May by Hedgesville attorney and West Virginia National Guard officer Tom Willis in a ...

by: THE WEEK

The most and least environmentally friendly countries of 2024

New rankings in almost all of these metrics were released in 2024, highlighting the latest countries at the top and bottom of the sustainability pyramid. Estonia ranked the highest in the 2024 EPI, jumping from 14th place in 2022.

by: businesstech.co.za

The taxman is not going anywhere this festive season

As South Africans prepare to close the year, the South African Revenue Service (SARS) is turning up the heat on tax evaders. This is the heads-up given from Tax Consulting SA, who said that the recent search-and-seizure operation of Shauwn Mkhize and others sends a stern message: "SARS is watching, and it will act."

by: wfft

DeKalb High School teacher receives national Milken Educator Award

WATERLOO, Ind. (WFFT) — A DeKalb High School teacher has received a national award and made district history. Business teacher Ashley Johnson was presented with the Milken Educator Award along with a $25,000 cash prize on Friday during a schoolwide assembly.

by: moneycontrol.com

Cashback vs. rewards credit cards: Which one suits you best?

Cashback cards are great for those who prefer straightforward savings on everyday purchases, while reward cards appeal to those who enjoy travel and premium perks.

by: The Royal Gazette

No more running up credit card bills

Dear Dave, A friend told me about your Baby Steps plan, and after years of living paycheque to paycheque and running up credit card bills, I'm ready to get control of my finances. I just have one

by: Business Insider

Elon Musk's support for Trump has created a hot Etsy side hustle for this aquarium worker

Matthew Hiller sells bumper stickers on Etsy to disgruntled Tesla owners who don't agree with Elon Musk's views and support for the president-elect.

by: News Tribune

Canada tax holiday begins Dec. 14. Can WA residents do some tax-free holiday shopping?

Canada won't charge federal sales tax on several holiday essentials as well as food and drinks. Here's how it affects WA.

by: Oregonian

Liz Weston: What's the difference between a home equity line of credit and home equity loans?

Answer: That depends on what you mean by "home equity account."

by: Arabian Business

UAE Lottery results: Check winning numbers for $27m prize draw

The historic draw is the first federally licensed lottery in the region and is operated by The Game LLC under licence from the General Commercial Gaming Regulatory Authority (GCGRA). It offered residents aged 18 and above multiple ways to win cash prizes ...

by: Business Insider

Frank McCourt, the billionaire who wants to buy TikTok, says the path to a sale is murky because 'we don't know what ByteDance is selling'

Frank McCourt, a billionaire who wants to buy TikTok, told BI that the details of a potential sale of the app are made murky by ByteDance's secrecy.

by: Forbes

3 Master's Degrees That Pay $250,000+ In 2025

There's been an increase of 18% in the number of remote jobs with salaries at $250,000 and above. Here are three master's degrees to study in 2025 to land these roles.

by: Business Insider

Why more companies are looking to buy bitcoin

MicroStrategy's bet on bitcoin has fueled a wild rally in the shares of the business software company — and it's driving more companies to copy the strategy. MicroStrategy's crypto playbook has catapulted its stock up 501% this year. Though its core ...

by: Arabian Business

Retail trends 2025: TikTok shopping, AI-powered stores, instant deliveries and online groceries coming soon

A look ahead to 2025 reveals major changes ahead for the retail industry. Get the lowdown on 10 industry trends changing the way we shop

by: Business Insider

Worries of a Fed policy mistake are growing amid a hot economy and sticky inflation

The fear among some commentators is that the Fed is cutting rates in a hot economy with inflation above target, raising the risk it has to hike again.

by: The Motley Fool

3 Facts About Peloton You Must Know Before Buying the Stock

However, there's been a bit of a resurgence. This consumer discretionary stock has soared 219% in just over seven months, as it aims to win back investors. Before you decide to ride the momentum and buy Peloton, here are three things you need to know.

by: The Motley Fool

Artificial Intelligence (AI) Cloud Spending Is Set to Surge Once Again in 2025. Here's 1 Stock to Buy Before That Happens.

Artificial Intelligence (AI) Cloud Spending Is Set to Surge Once Again in 2025. Here's 1 Stock to Buy Before That Happens.

by: MSN

How a NJ mom turned a failed beach bag into a $100 million a year business

New Jersey mom Kim Vaccarella started a side hustle after deciding to create a suitable and easy-to-clean beach bag. However, after a botched shipment in 2011 of over 1,000 bags for $30,000, Kim had given up on her business -- but then was given a lifeline three years later in the form of a $120,

by: MSN

1 Warning Before You Buy This Cathie Wood Stock

Ark Invest's focus on owning innovative and disruptive businesses has made its founder and CEO Cathie Wood a closely followed investment professional. Someone looking to put some money into the stock market might follow her trading moves to find potential investment ideas.

by: MSN

Understanding Fascism Requires Understanding Economic Forces

In the Marx Brothers' 1933 comedy Duck Soup, a strongman is named president of the fictional country of Freedonia. Chaos ensues, culminating in a war with the neighboring country of Sylvania. The film satirizes politics and war in the classic Marx Brothers fashion.

by: MSN

KLEIN: Winnipeg needs a department of government efficiency

Both Winnipeg and Manitoba are at a crossroads. Rising taxes, ballooning government debt, and a public sector unwilling to adapt to the economic realities faced by taxpayers have led us to this moment of reckoning.

by: MSN

ExxonMobil's Bold Plan Positions It to Produce Another $30 Billion in Annual Cash Flow by 2030

ExxonMobil (NYSE: XOM) is already the undisputed leader among international oil companies. The oil giant delivered industry-leading earnings, cash flow, and shareholder returns during the third quarter.

by: MSN

3 Things You Need to Know If You Buy Block Stock Today

Investors are likely familiar with Block (NYSE: SQ), the budding payments and technology enterprise. It caters to merchants with its Square platform, while Cash App targets individuals. Growth has been outstanding historically,

by: MSN

CD, Checking, and Savings Rates Today: Explore Today's Best Rates

Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, and CD accounts to help you maximize your earnings.

by: MSN

My husband and I paid for our kids' music lessons. They made enough money as street performers to fund their dream trips.

Our kids wanted to travel, so we made them pay for it. Here's how busking helped them earn enough for trips to Denmark and the Galápagos Islands.

by: MSN

Confidence in Canada's fiscal health is 'eroding,' says business group president

The president of the Business Council of Canada (BCC) says the business community's confidence in the federal government's picture of Canada's fiscal health is "eroding" and suggests federal finances are "almost being manipulated.

by: MSN

Mind Over Money: From portrait sketching to behavioural science: The multifaceted life of Ajit Menon

Ajit Menon, CEO of PGIM India Mutual Fund, discusses his approach to leadership, emphasizing holistic well-being, creativity, and a culture of trust. He shares his personal passions, including portrait sketching and singing,

New tax in the UAE; Lottery warning; Crypto trading in Dubai; Kuwait halts e-visas; Saudi to host 2034 World Cup - 10 things you missed this week

Also making headlines this week were Saudi Arabia being awarded the 2034 FIFA World Cup, Kuwait halting e-visas, a massive new pedestrian network in Dubai and the top family businesses in the region were revealed. Catch up with the biggest stories this week, as selected by Arabian Business editors.

The article from Arabian Business outlines several key developments in the Middle East this week. The UAE has introduced a new tax on international transactions, aiming to diversify its revenue sources. There's a warning about lottery scams in the region, advising residents to be cautious. Dubai has seen a surge in cryptocurrency trading, reflecting a growing interest in digital currencies. Kuwait has temporarily halted issuing new e-visas to manage the influx of expatriates. Saudi Arabia has been confirmed as the host for the 2034 FIFA World Cup, marking a significant event in its Vision 2030 plan to diversify its economy. Additionally, the article touches on cultural shifts, like the increasing popularity of yoga in the UAE, and economic news such as the potential for a new stock exchange in Dubai. These points collectively highlight the dynamic changes in policy, economy, and society across the Gulf region.

Read the Full Arabian Business Article at:
https://www.arabianbusiness.com/culture-society/new-tax-in-the-uae-lottery-warning-crypto-trading-in-dubai-kuwait-halts-e-visas-saudi-to-host-2034-world-cup-10-things-you-missed-this-week