Author: Editorial team
From lifestyle inflation to mounting debt, these common financial habits are leaving even six-figure earners struggling to stay aheadDubai: Earning a six-figure salary may appear to guarantee financial security, but recent surveys suggest that many high-income earners are still struggling to stay financially afloat.A survey by Harris Poll found that around one-third of Americans earning more than $100,000 a year describe themselves as experiencing financial hardship. Nearly two-thirds said a six-figure income no longer feels like wealth and is closer to a “survival” income.The survey also found that 75 per cent of respondents had recently relied on credit cards after…
Now it has clinched a stock market listing after years of false starts, Shein is working to convince investors that it is more than a fast fashion fad.Armed with $15 billion in cash, according to its prospectus, plus another $1.74 billion raised in the IPO, it is primed for an acquisition-driven phase as it seeks to recover from stalled sales growth.Shein confirmed in its prospectus its plan to buy U.S. brand Everlane for $80 million in a step to becoming a platform, not just for its own brands, but for brands it has acquired and plugged into its high-speed supply…
Arsenal passed their biggest test so far in the defence of their Premier League title in style as they hit back from conceding inside two minutes to beat Chelsea 2-1 with captain Martin Odegaard scoring the winner on Sunday.Morgan Rogers volleyed the visitors ahead after 77 seconds but Arsenal’s response was emphatic with Kai Havertz equalising after 25 minutes and Odegaard finishing off a flowing move shortly after the break.Chelsea were always a threat in an absorbing, high-octane duel and substitute Estevao was denied a late equaliser by a superb save from David Raya.Victory left Arsenal level at the top…
LONDON-VALENCIA, , 6th September, 2026 (WAM) — Barcelona produced a dominant La Liga display on Sunday, cruising to a 5-0 victory over Valencia to maintain their strong early-season momentum at the top of the table. In the Premier League, Arsenal maintained their flawless start to the season with a 2-1 win over Chelsea at the Emirates Stadium. Chelsea took an early lead before Arsenal rallied with two unanswered goals to move to nine points alongside Manchester City at the summit, leaving Chelsea on six. Meanwhile, Everton secured a 2-2 draw against Manchester United at the Hill Dickinson Stadium courtesy of…
(L-R) Eng. Amjad Arab, Chief Carrier and Wholesale Officer at Salam & Eng. Mohammed Al-Jadah, Chief Strategic Planning and Development Officer at WTCO. Etihad Salam Telecom Company (Salam), a leading provider of telecommunications services and digital infrastructure & solutions in Saudi Arabia, has signed a Memorandum of Understanding (MoU) with Water Transmission Company (WTCO) to explore opportunities for collaboration in connectivity services and support the development of advanced digital infrastructure across the Kingdom. The partnership was announced at LEAP 2026, where Salam is participating as a strategic sponsor under the theme, “Powering what’s next”. The MoU establishes a framework for both companies to explore potential business opportunities…
Abrupt departures from some of India’s top private banks in recent months have exposed a need for better succession planning, prompting investors to question how likely such lenders are to stick with long-term business strategies.India’s $3.3-trillion banking sector has drawn strong interest in recent years from foreign investors betting on its earnings prospects in one of the world’s fastest growing economies, marked by steady management and business strategies.The recent unexpected exits of CEOs from two of the largest private sector banks is set to test that confidence, even as those lenders boast of strong balance sheets, with bad loans near…
Harshitha Samarawickrama produced one of the finest knocks under pressure to guide Sri Lanka to a thrilling four-wicket win over Bangladesh at Dubai International Stadium as the defending champions earned a place in the semifinals of the 2026 T20 Women’s Asia Cup on Sunday.Chasing 115 for victory in the Group B encounter, the Sri Lankans were struggling at 44 for five in the 10th over.Number five batter Samarawickrama (48 not out off 37 balls, 4 fours, 2 sixes), who walked in at 29 for three, remained solid, absorbing the pressure from the Bangladesh bowlers on a slow wicket.The 28-year-old left-hander…
The forum will join the largest edition of the Arab Media Summit to date, bringing international perspectives to discussions on the future of the media industry Dubai: The Arab Media Summit 2026 will host the Euronews Forum for the first time outside Europe, with the event set to take place on the second day of the summit. Scheduled to run from 15 to 17 September 2026, the Arab Media Summit will be held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the…
Amundi, Fidelity and Pictet are among investors increasing exposure to gold despite expectations of higher US interest ratesDubai: Some of the world’s largest asset managers are rebuilding their gold positions following the recent price decline, betting that the long-term case for the precious metal remains intact despite growing expectations of tighter US monetary policy.Amundi, Europe’s largest asset manager, has increased its gold holdings in anticipation of the metal returning to $5,000 per ounce by the end of the year.Fund managers at Pictet Asset Management, Robeco Institutional Asset Management and Fidelity International have also increased their holdings after reducing positions earlier…
Qatar Airways cancelled four flights between Doha and Jakarta on September 7 due to volcanic ash affecting operations at Soekarno-Hatta International Airport.The affected flights are QR954, QR955, QR956, and QR957, the airline said in a statement on X. Passengers are advised to check their latest flight status before travelling to the airport.”We apologise for any inconvenience caused and appreciate our passengers’ patience and understanding. The safety of our passengers and crew remains our highest priority,” the airline said in a statement.Stay up to date with the latest news. Follow KT on WhatsApp Channels.The cancellations come after Indonesia suspended operations at…