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A New Survey Reveals Americans’ Magic Number for Retirement

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

By JOSEPH DE AVILA
Thu, Oct 27, 2022Grey Clock 2 min

The magic number to retire just went even higher.

Americans now think their households will need at least $1.25 million to retire comfortably, a 20% jump from a year ago, according to a survey released Tuesday by financial services company Northwestern Mutual.

While Americans say they will need more money after they retire, the average amount in a retirement savings account has dropped this year to $86,869, an 11% decline from 2021, the survey said.

The expected retirement age also ticked up to 64 years of age, compared with 62.6 last year.

Christian Mitchell, chief customer officer at Northwestern Mutual, said rising inflation and volatility in financial markets are weighing on people’s mind-sets. That is changing people’s expectations around how much savings they will need for retirement, he said.

The survey, which polled 2,381 American adults in February, comes as consumers have been squeezed by rising inflation. That has put pressure on their spending power and their ability to save.

Stock and bond markets have also fallen sharply this year. A typical 60/40 portfolio, where investors put 60% of their money into the stock market and 40% of their money into bonds, is on track to deliver its worst returns in 100 years as of mid-October, according to Bank of America.

As inflation has surged, the federal government has taken steps to try to mitigate the pain for retirees and investors.

The government increased Social Security checks by 8.7% for 2023, the largest cost-of-living adjustment to benefits in four decades. The Internal Revenue Service also made inflation adjustments for 401(k) savings accounts, increasing contribution limits by $2,000 to $22,500 for 2023. About 60 million American workers have 401(k) plans, according to the Investment Company Institute.

The Northwestern Mutual survey found that many Americans are worried about their prospects for retirement. About four in 10 people said they don’t think they will have enough money when they retire. Nearly half of the people surveyed also said they can envision scenarios where Social Security no longer exists.

The amount of money a household will need to retire depends on many variables, including where people live and their standard of living, Mr. Mitchell said. Whether a person expects to care for parents or children in retirement are also factors to consider, he said.

“The $1.25 million for some households, that may be right, it might be too high, it might be too low,” Mr. Mitchell said.

The Covid-19 pandemic has also shaken up retirement plans for Americans. About one in four people said they now plan to retire later because of the pandemic, the survey said. Of those who are putting off retirement, 59% said they wanted to work more to save money. And 45% said they were worried about rising healthcare costs or had unexpected medical costs.

But about 15% of people said they planned to retire early because of the pandemic.



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Industry partners and solution providers that have committed to showcase their ESG & sustainability projects/solutions during CARE MENA include S&P Global – global leader in credit ratings and market intelligence; Emicool – UAE pioneer in sustainable district cooling; Supercool – specialist in lubricants, refrigerants, and HVAC solutions; emtribe – driving AI‑driven sustainability; Cero Hero – enabling carbon‑footprint reduction; Demandify – powering B2B demand generation; KonfHub – delivering seamless event ticketing and attendee engagement; Fia Ventures – backing early‑stage investments; Trescon Foundation – advancing health, education, and community development, and others.

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NetForChoice, a global leader in IT hosting, web hosting, and cybersecurity, today announced the launch of its state-of-the-art UAE Data Center in Dubai. Engineered to deliver 99.95% uptime, the facility integrates advanced SOC services and enterprise-grade NOC services designed to empower regional businesses with secure, compliant, and scalable digital infrastructure.

A Strategic Milestone in Global Expansion

The opening of the UAE Data Center marks a new chapter in NetForChoice’s journey from its origins in India to becoming a trusted IT partner across the Gulf Cooperation Council (GCC) and global markets. With this milestone, NetForChoice strengthens its presence in the Middle East, providing web hosting with free domain services, enterprise-grade cloud, and UAE NOC solutions that meet the unique needs of modern businesses.

Mr. Ranveer Singh, CEO of NetForChoice, said: “For us, the UAE Data Center is about empowering businesses with trust, competence, and future-ready digital solutions like SOC services and enterprise grade NOC monitoring. Dubai has been at the crossroads of innovation, and with this data center, we offer customers the enterprise cloud foundation they need to scale quickly and efficiently”.

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The UAE Data Center is already delivering results:

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The International Code Council (ICC) is undertaking a robust program of industry engagement this September, with participation in three of Saudi Arabia’s leading events Intersec Saudi Arabia, the Building Envelope Design and Insulation Conference (BEDIC), and the MEP International Conference (MEPIC). Together, these platforms highlight ICC’s active role in advancing the Kingdom’s sustainable construction sector, strengthening building safety, and promoting best practices in efficiency and innovation.

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Meanwhile, Paul Sincaglia, Chief Fire Protection Engineer at ICC, and Beth Tubbs, Vice President of Codes Development, will participate in Intersec Saudi Arabia, the Saudi’s prominent platform for the fire, safety, and security industry. The event draws more than 27,000 professionals, including government leaders, agencies, and organizational heads. The discussions will explore both the human and regulatory dimensions of building safety in Saudi Arabia. One focus will be on the women breaking new ground in fire protection and fire and life safety in general, showcasing how leadership and innovation are reshaping a traditionally male-dominated field and inspiring future professionals. Complementing this perspective, there will be a discussion examining the latest updates to the Saudi Building Code (SBC), with specifics on the Saudi Fire Code (SFC), outlining their impact on industrial facilities and offering strategies for effective compliance. Together, these sessions will highlight the Kingdom’s progress in advancing both inclusion and regulatory operational excellence in the built environment.

Commenting on ICC’s participation in these events, Amer said, “Saudi Arabia is rapidly advancing its fire and life safety framework as part of building smarter and more resilient cities. At Intersec, ICC is committed to sharing global expertise in fire protection, building safety and risk management, while showcasing innovative solutions that complement resilience and support the Kingdom’s Vision 2030 ambitions.

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With a maximum charging power of up to 11 kW, the sports car manufacturer has even reached the level of wired AC charging with its contactless charging system.

Around 75 percent of all charging processes in an all-electric Porsche take place at home. This was the result of an analysis by the sports car manufacturer. The potential for inductive charging is correspondingly great. The user-friendly Porsche Wireless Charging floor plate (length/width/height: 117/78/6 centimetres) can be installed by an electrician in a garage, carport or open-air parking space and connected to the mains.

In order to be able to charge contactless, hardware is also required on the car. The new Cayenne Electric (internal abbreviation: E4) will be the first model series that can be ordered with optional Porsche Wireless Charging pre-installation and Porsche Wireless vehicle plate. Protected from stone chips and the effects of the weather, the receiver unit is located in the underbody of the vehicle between the front wheels. For the charging process, the Cayenne then only has to be parked above the floor plate. The contactless transfer of energy between the two charging units takes place over a distance of a few centimeters. To this end, the Cayenne lowers automatically. The base plate has a motion detector and foreign object detection. The charging process is automatically interrupted if a living creature gets between the vehicle and the floor plate or if a metallic object lies on the latter and heats up.

Porsche Wireless Charging is integrated into the My Porsche app, so that charging processes can be tracked and several vehicles can be authenticated. A special view in the Surround View parking function makes it easier to steer the Cayenne to the optimal charging position. As soon as the parking position above the floor plate is reached and the parking brake is activated, the charging process begins. Customers don’t need to do anything else. Convenience functions familiar from AC charging, such as timer charging with preconditioning, are also available for wireless charging.

The floor plate, which weighs a good 50 kilograms, is equipped with an LTE and WLAN module as standard, so that remote software updates and infrastructure support are also guaranteed in the future. Porsche Wireless Charging will initially launch in Europe in 2026. Other markets worldwide will follow.

How inductive charging works in detail 

Inductive charging is known from smartphones, but also from electric toothbrushes. The energy is transferred through the air via a magnetic field. For this purpose, a transmitter coil made of copper and ferrites is located in the base plate. Alternating current flows through this coil, which generates a magnetic field.

Porsche’s innovative concept uses ultra-wideband technology to determine the vehicle’s relative position above the floor plate. When the optimal parking position is reached, the driver is informed. In the vehicle’s secondary coil, which acts as a receiver unit, the magnetic field then generates alternating current. A rectifier then con-verts this into direct current so that the Cayenne’s high-voltage battery can store it.

Weatherproof, robust and extensively tested

The Porsche Wireless Charging base plate is also suitable for outdoor use. All live components are protected from rain and snow. Even driving over the floor slab does not cause any significant damage. Electromagnetic radiation is limited to the under-body of the vehicle during charging. Extensive tests – including by TÜV Süd – have confirmed the robustness of the system. In addition, the floor plate is CE and UL certified, i.e. it meets EU and US-wide requirements for safety and environmental protection.

A new dimension in fast charging

Those who want to travel as quickly as possible on long-haul journeys can also rely on a very high charging capacity with the new Cayenne. Like the Macan and Taycan, which were previously leaders in their segments with 270 and 320 kW respectively, the Cayenne sets new standards. The DC charging power is said to be up to 400 kW. This means that the Cayenne can be optimally recharged at any Porsche Charging Lounge, for example.

Conspicuously camouflaged prototype with fluorescent paint

At its first official appearances in the UK, the Cayenne caused a stir with an eye-catching wrap. The IAA show car in Munich is now equipped with a very similarly de-signed, innovative fluorescent paint. As soon as electricity flows, an exciting body im-age with brightly coloured surfaces is created: Style Porsche designed the dynamic camouflage pattern. Individual paint sections are deliberately left out and remain dark. Five colour tones, from blue to violet, can be controlled in a targeted manner.

The innovative coating is made up of over 25 extremely thin layers. These include conductive primers, electrode and insulating layers as well as the actual electroluminescent material with colour pigments. Under alternating voltage, it emits light. In addition, there are more than 15 layers of clear coats. A total of 100 litres of clear varnish were applied. More than 30 sanding cycles and over 500 meters of cable are evidence of the effort behind this unique show car paintwork.

The innovative prototype will be on display for the first time at the IAA Mobility. This will take place from 9 to 14 September 2025 in Munich.

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According to data released by Skyscanner, Jeddah was the most searched destination for trips in July and August, followed by the capital Riyadh. Completing the top five are Abha, Dammam and Madinah, as Saudi travelers increasingly chose to explore the Kingdom’s attractions.

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Hotel stays were also popular. Mecca was the top searched destination for stays between June and August, followed by Jeddah, Madinah and Riyadh. Average night rates for domestic hotel stays stayed competitive starting from SAR 460. Cheaper than Egypt (from SAR 501) and Turkey (from SAR 663), staycations were an appealing choice for families and younger travelers seeking value and convenience.

Ayoub El Mamoun, Travel Expert at Skyscanner, said: This summer reinforced Saudi Arabia’s status as one of the region’s most exciting tourism markets. The strong trend towards local travel reflects growing confidence in the Kingdom’s tourism infrastructure and highlights how travelers are finding more value in local experiences. From Riyadh to Jeddah, Saudi travelers have shown a preference to stay in the Kingdom and enjoy a perfect summer getaway.”

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London Business School (LBS) today proudly waved off its yacht as the Clipper 2025-26 Round the World Yacht Race officially set sail from Gunwharf Quays, Portsmouth. Marking the beginning of an 11-month, 40,000-nautical-mile circumnavigation, the departure signals the start of an extraordinary global adventure for the crew and for the School’s first-ever involvement in the race.

As the first educational institution to partner with the Clipper Race, LBS joins as both Team and Education Partner, underscoring its mission to prepare leaders for the challenges of a rapidly changing world. The partnership highlights the School’s belief in experiential learning and its commitment to cultivating resilience, teamwork, and leadership under pressure.

Graham Hastie, Associate Dean, London Business School, said: “At London Business School, we are proud to partner with the Clipper Round the World Yacht Race, which is an extraordinary test of resilience, leadership, and teamwork. The race highlights the unpredictability of the ocean and the strength that comes from preparation, collaboration, and trust in your crew. These qualities mirror the values we champion at LBS – courage, global perspective, and the determination to face challenges head-on. As a RNLI volunteer, I am particularly proud of this partnership, which reflects the same commitment to teamwork and leadership that lies at the heart of both successful sailing and successful business.”

The Clipper Round the World Yacht Race, founded by Sir Robin Knox-Johnston, is one of the world’s most demanding endurance challenges, taking non-professional crews through some of the toughest ocean conditions. The LBS team will bring together a diverse crew from across the world, including participants from the Middle East and North Africa, reflecting the region’s growing engagement with global opportunities and leadership challenges. For London Business School, this departure represents not only the start of a global journey but also a powerful expression of its mission to inspire and equip leaders who can navigate uncertainty, drive innovation, and make an impact on the world stage.

Notably, a significant number of women are represented on the LBS yacht crew underlining the School’s strong commitment to advancing women in leadership. Through its Women in Leadership programs offered in the MENA region, LBS equips women with the tools to step into bigger leadership roles, lead with presence, negotiate for themselves, build and leverage strategic networks, harness storytelling, and translate learning into action planning. These same themes are reflected on board, where collaboration, resilience, and self-advocacy are essential for success.

This philosophy of learning through challenge and discovery extends to LBS’s Executive Education programs in the Middle East, where the School has been present for nearly two decades. Through its teaching in Dubai and its newly established office in Riyadh, LBS equips senior leaders and entrepreneurs with the skills and perspective needed to succeed in complex environments. These programs were recently recognized with the Gold Brandon Hall Group Award for Best Use of a Blended Learning Program in Saudi Arabia, a testament to the School’s innovative approach to executive development and its alignment with the Kingdom’s Vision 2030 transformation agenda.

With campuses and offices in London, New York, Dubai, and Riyadh, and a network of more than 56,000 alumni representing over 150 countries, LBS continues to expand its presence worldwide. Just as the Clipper Race crew will learn, adapt, and grow through their extraordinary journey, London Business School remains committed to empowering leaders in Saudi Arabia, the wider Middle East, and across the globe to embrace continuous learning and resilience as the foundation of long-term success. In doing so, the School supports the ambitions of Vision 2030, helping to prepare leaders who will drive innovation, diversification, and sustainable growth in the Kingdom and beyond.

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The UAE has strengthened its role in driving the global transition to clean energy in 2025, spearheading a wide portfolio of solar energy projects financed and executed by national companies across multiple continents.

The UAE’s solar initiatives extend across Asia, Africa, and Europe, reinforcing the country’s leadership in reducing carbon emissions and tackling climate change.

At the start of this year, the UAE signed a tripartite partnership framework with Italy and Albania to develop large-scale renewable energy projects in Albania, focusing on solar photovoltaic, wind, and hybrid solutions, with part of the generated power to be exported to Italy.

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Spain: Acquisition of a 49.99% stake in four solar plants from Endesa photovoltaic plants with a total capacity of 446 MW, strengthening Masdar’s presence in the Iberian Peninsula.

Indonesia: Masdar and PT PLN (Persero), Indonesia’s state-owned electricity company, have signed two agreements to advance the development of floating solar power projects in Southeast Asia’s largest energy market.

The companies signed a Memorandum of Understanding (MoU) to develop a floating solar power plant at the Jatigede Dam reservoir in West Java, after Masdar secured the lowest tariff in the Hijaunesia 2023 bidding program. Development of the plant is due to start this year, with completion scheduled for 2027.

Masdar and PLN also signed a ‘Principles of Agreement’ to explore the potential expansion of Masdar’s 145MWac Cirata Floating Photovoltaic Power Plant, the first phase of which began operations in November 2023.

Saudi Arabia: Masdar, a global clean energy leader, and consortium partners GD Power and Korea Electric Power Corporation announced they have reached financial close for the 2-gigawatt (GW) Al Sadawi solar photovoltaic (PV) project, a landmark project under the National Renewable Energy Program (NREP) which is led and supervised by the Ministry of Energy.

Saudi Arabia (Misk City, Riyadh): Emerge, the energy solutions joint venture between Masdar and EDF power solutions, signed a long-term solar energy agreement with Misk City to deliver sustainable electricity over the next 20 years – marking a milestone in the City’s journey to becoming a model of environmental innovation and green urbanism.

The agreement will see the development of a 621-kilowatt peak (kWp) rooftop solar photovoltaic (PV) plant atop a dedicated carport structure and other assets within Misk City, located in the northwest of Riyadh.

Madagascar: UAE-based Global South Utilities (GSU), a Resources Investment Company, signed two landmark agreements with the Government of Madagascar aimed at expanding renewable energy capacity and advancing the country’s clean energy transition.

Under the first agreement with the Ministry of Energy and Hydrocarbons, GSU will develop a 50-megawatt solar photovoltaic power plant, complemented by a 25 MWh battery energy storage system, in Moramanga.

Egypt: UAE-based Global South Utilities (GSU) joined forces with Egypt’s AH Industrial Management, China’s JA Solar and Bahrain’s Infinity Capital to develop an integrated solar industrial complex, in a deal worth $220 million (approximately AED810 million).

The “Atum Solar Egypt” project in Ain Sokhna (TEDA) will cover 200,000 square meters and include a 2 GW solar cells factory for exports, and a 2 GW solar modules factory to serve Egypt and Africa to support reliable, clean power.

Yemen: Yemen’s renewable energy sector marked a significant milestone with the expansion of the Aden Solar Power Plant and the commissioning of the Shabwah Solar Power Plant, led by UAE-based Global South Utilities (GSU), part of Abu Dhabi’s Resources Investment, in cooperation with Yemen’s Ministry of Electricity and Energy.

According to GSU, the Shabwah Solar Power Plant is now operational, supplying clean electricity to around 330,000 households.

Central African Republic: The Global South Utilities (GSU) officially broken ground on a 50-megawatt solar photovoltaic (PV) power plant in Sakaï, Central African Republic (CAR), marking a major step forward in the country’s energy access and clean energy transition.

The project is expected to supply clean electricity to more than 300,000 households.

Comoros: Abu Dhabi Fund for Development marked the inauguration of a 6.3-megawatt solar power plant in the Comoros, funded with a AED25.7 million (US$7 million). The project enhances the nation’s energy infrastructure, helping meet growing energy demands and stimulate economic growth.

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Al Ghurair Expands into Saudi Arabia with Dongfeng Agreement for MHero and Voyah

Al Ghurair Mobility and Dongfeng Motor Corporation are partnering to introduce their premium automotive brands, MHero and Voyah, to the Saudi Arabian market, aiming to promote sustainable development and industry diversification, with electrified mobility solutions.

Mon, Sep 1, 2025 2 min

Al Ghurair Mobility has signed an agreement with Dongfeng Motor Corporation to introduce the premium automotive brands MHero and Voyah to the KSA.

This marks a significant expansion of Al Ghurair Mobility into the Saudi market. It will introduce advanced new energy and hybrid vehicles that combine performance, innovation, and luxury while directly supporting Vision 2030’s goals for sustainable development and industry diversification. Through its partnership with Dongfeng, Al Ghurair Mobility will deliver premium electrified mobility solutions backed by trusted service and regional expertise.

The signing ceremony was attended by senior leadership from both companies, including John Iossifidis, Group CEO of Al Ghurair, Oscar Rivoli, CEO of Motors, Al Ghurair Mobility and Qiu Xiaojun, CEO of China DONGFENG Import and Export Co. ltd (DFMIEC), Overseas Marketing Division of Passenger Vehicles at Dongfeng Motor.

“This partnership is an important step forward in expanding our presence in the Saudi market”, said John Iossifidis, Group CEO of Al Ghurair. “MHero and Voyah represent Dongfeng’s innovation, blending advanced technology, new energy, and luxury. Together, we are introducing world-class brands that align with the Kingdom’s vision for sustainable mobility.”

Qiu Xiaojun, CEO of China DONGFENG Import and Export Co. ltd (DFMIEC), added: “We are proud to collaborate with Al Ghurair Mobility to bring MHero and Voyah to Saudi Arabia. This partnership reflects our commitment to excellence, innovation, and customer satisfaction, ensuring Saudi consumers have access to premium products and a superior ownership experience.”

MHero, established in 2022, is Dongfeng’s ultra-premium off-road brand, drawing on its military heritage to deliver rugged performance with luxury comfort. Models such as the MHero 1 and MHero 2 feature advanced electrified powertrains and bold design, positioning the brand among the world’s leading luxury off-road SUVs.

Voyah, launched in 2021, showcases Dongfeng’s innovation in high-end electric mobility. With flagship models such as the Voyah FREE SUV and Voyah DREAM MPV, the brand combines refined design, long-range performance, and advanced driver-assist technologies, offering a sophisticated alternative to traditional luxury marques.

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More Comfort, Smarter Tech, and Enhanced Entertainment for the Porsche Macan

Porsche introduces new features in its all-electric Macan model year, including enhanced driver assistance systems, digital functions, and a Transparent bonnet function. The Digital Key allows for vehicle unlocking and locking.

Fri, Aug 29, 2025 4 min

With the upcoming model year change, Porsche is expanding the range of intelligent driver assistance systems and digital functions offered in the all-electric Macan. The main focus has been on innovations that take the user experience for the driver and passengers to a new level.

The Surround View assistance system including Active Parking Support, for example, has been further developed and is optionally available with new functions such as Trained Parking and Reversing Assist. In addition to this is the Porsche Digital Key, which can be used on compatible iPhone, Apple Watch, and Android™ devices, and the expanded Porsche App Centre with new entertainment possibilities. The Porsche Charging Planner has also been enhanced, enabling charging stations and providers to be prioritised or avoided in a more targeted manner. And finally, practicality has been further enhanced through an increase in maximum towing capacity.

Next-generation parking convenience

The all-electric Macan is equipped with the Surround View assistance system including Active Parking Support as standard. Four high-resolution cameras provide a 360-degree view of the car’s surroundings, as well as a cross-traffic view for added convenience and a more expansive view when manoeuvring. The Active Parking Assistance system detects suitable parking spaces and automatically takes over the steering as well as forwards and backwards movements when parking in parallel or perpendicular parking spaces. With the model year change, the parking assistance system will be expanded to include several optional functions that offer added convenience, especially in narrow or awkward spaces.

Transparent bonnet: the new Transparent bonnet function uses the front and exterior mirror cameras to provide a virtual view of the area in front of the vehicle via the central display. This enables the driver to see obstacles that are below their line of sight, making manoeuvring much easier, especially on challenging terrain.

Trained Parking: the Trained Parking feature can learn individual parking routines and perform them automatically. After a one-time manual operation, the vehicle recognises a familiar environment – for example, the owner’s garage or parking space at work – and offers to take over the parking manoeuvre. The driver remains in control at all times. Up to five different parking routines can be saved.

Reversing Assist: the range of features is supplemented by Reversing Assist, which enables the car to automatically reverse along a route it has previously driven forwards – ideal for narrow access roads or winding parking garages. The system remembers routes of up to 50 metres in length and offers safe, automated reversing, with the driver needing only to monitor the manoeuvre.

Compatible iPhone, Apple Watch and Android devices as a car key

With Comfort Access, users will also have access to the Porsche Digital Key, which includes car keys in Apple Wallet or a native wallet app on Android. This allows drivers to automatically unlock or lock, and start their vehicle by leaving their iPhone, Apple Watch, or compatible Android device in their pocket or by simply holding their devices near a reader – leveraging Near Field Communication (NFC), Bluetooth Low Energy (BLE), and Ultra-Wideband (UWB) to power the seamless experience. Users can still use their car key in Apple Wallet or a native wallet app on Android to access and start their vehicle, even if the smartphone needs to be charged.1

Owners will also have the ability to share car keys in Apple Wallet or a native wallet app on Android through Apple Mail, Messages, WhatsApp, and more, with up to seven other users, and vehicle owners can also decide whether these shared users are able to simply gain access to their vehicle or additionally have the ability to drive it. The Porsche Digital Key also offers the convenient function of opening the trunk. Addition-ally, via the My Porsche App, luggage compartments and the trunk can be controlled. These features require activation of Porsche Connect services.

In-car gaming: the Macan becomes a mobile game console

The App Centre turns the Porsche Macan into an entertainment hub – both when sta-tionary, for example during charging breaks, and while driving. Whether it’s music streaming, podcasts, gaming or movies, users gain access to an ever-growing selec-tion of third-party apps that can be seamlessly integrated into the Porsche ecosystem.

With the model year update, games from providers Gameloft and Obscure Interactive are now offered via the Porsche App Centre and can be controlled via touchscreen or Bluetooth controller. AirConsole brings a wide variety of family games and gaming classics that can be easily controlled via smartphone. Driver, front passenger and rear passengers can play individually or together. The optional passenger display allows apps to be used simultaneously, even while driving, without distracting the driver. In combination with a Bluetooth headset, an undisturbed listening experience is possible.

Voice Pilot: enhanced interaction through artificial intelligence

The Voice Pilot voice control feature is smarter than ever thanks to the integration of artificial intelligence2. In the background, the Voice Pilot utilises various language models, as is known from well-known AI assistants. It now better understands com-plex, interrelated questions and recognises what a statement is referring to. An integrated on-board manual answers questions about vehicle use – without typing, simply by voice command. The enhanced Voice Pilot makes the Porsche Macan a real con-versation partner.

Market launch by the end of the year

Alongside the new digital and assistance features, Porsche is also expanding the range of individualization possibilities for the all-electric Macan. These include new personalization options for the door sill guards and LED door courtesy lights. The Porsche Charging Planner has also been optimized, and customers can now prioritize or specifically exclude individual charging stations when planning their journey.

The practicality of the all-electric Macan has also been enhanced. Maximum towing capacity has increased by 500 kilograms to 2,500 kilograms for all-wheel drive variants.

The updated model will be introduced by the end of the year.

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Counsel Clinic Brings Affordable Online Mental Health Therapy to the UAE

Dubai’s Counsel Clinic, launched in 2024, offers affordable and accessible mental health services in multiple languages, addressing stigma and limited access to mental health services in the UAE, eliminating travel, cost, and social pressure barriers.

Wed, Aug 27, 2025 < 1 min

Counsel Clinic, Dubai’s trusted online therapy platform, continues to make professional mental health support more accessible and affordable for residents across the UAE. 

The clinic addresses one of the UAE’s most pressing mental health challenges: stigma and limited access. By offering fully online sessions, it eliminates the barriers of travel, cost, and social pressure, making therapy approachable for people from all walks of life.

Since its launch in 2024, Counsel Clinic has received a strong response from Emiratis and the expat community, reflecting a growing demand for culturally aware and confidential online therapy.

“Our vision has always been to make therapy less intimidating, more affordable, and truly accessible to everyone in the UAE,” said Ibrahim Hamid, CEO of Counsel Clinic. “Since launching in 2024, we’ve seen an encouraging response. Emiratis and expats alike are opening up to therapy when given a safe, private, and respectful space online.”

Commitment to Affordability and Trust

Counsel Clinic’s flexible pricing helps reduce financial barriers, with single sessions starting at just 180 AED, making quality care more accessible to residents across Dubai and the wider UAE.

Sessions are offered in multiple languages, including Arabic, English, Urdu, Bengali, Malayalam, German, French, and Spanish, ensuring therapy feels both professional and culturally relevant.

With its focus on trust, privacy, and cultural sensitivity, Counsel Clinic has become a safe space where Emiratis and expats can seek help with confidence.

Counsel Clinic’s Services

Counsel Clinic provides a wide range of mental health services ensuring support for individuals and families at every stage of life.

Services include:

  • Marriage counselling & couples therapy
  • Depression therapy
  • Anxiety treatment
  • Family counselling
  • Grief counselling
  • Anger management
  • Eating disorder treatment
  • OCD treatment
  • ADHD treatment
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London Business School Wins Prestigious Gold Brandon Hall Award in Saudi Arabia

London Business School (LBS) has won a Gold Brandon Hall Group Excellence Award for its Beyond 2030 – Navigating the Next Normal program, designed for senior leaders in Saudi Arabia. The award was awarded in partnership with the Academy for Developing Administrative Leaders (ADAL). LBS is also establishing a new Riyadh Office for executive education in Saudi Arabia.

Wed, Aug 27, 2025 2 min

London Business School (LBS) has been awarded a Gold Brandon Hall Group Excellence Award in its Executive Education’s Learning & Development category for Best Use of a Blended Learning Programme.

The award, achieved in partnership with the Academy for Developing Administrative Leaders (ADAL), powered by the Institute of Public Administration, Kingdom of Saudi Arabia, recognizes the Beyond 2030 – Navigating the Next Normal programme. Designed for senior leaders across government and semi-government sectors in Saudi Arabia, the program equips leaders with the strategic mindset and capabilities needed to deliver on the ambitions of Saudi Arabia’s Vision 2030 and beyond.

Professor Florin Vasvari, Executive Dean, Executive Education, Middle East and General Manager of the Riyadh Office at London Business School, said, “We are delighted to be recognized with this Gold Award for our work with ADAL. This program demonstrates how powerful partnerships and innovative blended learning design can enable senior leaders to meet the challenges of today while preparing for the opportunities of tomorrow.”

Helen Kerkentzes, Associate Dean of Executive Education and fellow General Manager of the Riyadh Office, added, “We are proud to support the development of human capital and leadership capabilities that drive progress across multiple sectors. By partnering with ADAL to design and deliver this blended programme, we are helping equip leaders with the skills and insights needed to make a meaningful impact, contributing to the broader ambitions of the Kingdom in a way that aligns with our mission of advancing leadership and talent globally.”

Dr. Abdullah Hafiz, Deputy Director General for Leadership Development and Partnerships at the Institute of Public Administration, said, “This recognition is closely aligned with the Institute of Public Administration’s transformation strategy, in which ADAL plays a pivotal role as the Kingdom’s national hub for leadership development. Our partnership with London Business School exemplifies how strategic global collaborations can translate into innovative programmes that empower leaders, strengthen institutional capability, and ensure sustainable impact in support of Saudi Arabia’s Vision 2030.”

Mr. Abdulrahman Alshehri, Acting CEO and General Manager of Leadership Development & Assessment at ADAL, said, “This award is a testament to the excellence of our collaboration with London Business School and to ADAL’s commitment to delivering high-impact leadership development solutions. The Beyond 2030 programme reflects our focus on equipping government leaders with the skills, vision, and agility to navigate complexity, deliver on national priorities, and contribute to the sustainable success of Vision 2030 and beyond.”

This Gold Award highlights London Business School’s commitment to delivering transformative, high-impact learning journeys that combine academic rigour, global insight, and practical application.

Looking ahead, LBS is deepening its commitment to the region with the establishment of a new Riyadh Office, which will serve as the School’s executive education hub in Saudi Arabia. The office will expand access to world-class learning opportunities, strengthen partnerships with government and business, and support the Kingdom’s vision for leadership and innovation.

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Kuwait reports $3.47bln budget deficit for 2024/2025

Kuwait’s final accounts for fiscal 2024/2025 show state revenues at KD22B against KD23.1B in spending, recording a deficit of over KD1B, with several authorities’ expenditures significantly exceeding their revenues.

Mon, Aug 25, 2025 < 1 min

The revenues of ministries and government departments exceeded KD22 billion, while their expenditures reached around KD23.1 billion as per the approved final account of the State Financial Administration for fiscal 2024/2025.

The actual budget deficit reached KD1,055,932,608.

Regarding the final account of Kuwait Authority for Partnership Projects (KAPP) for fiscal 2024/2025, the expenditures reached about KD3.35 million, while revenues totaled KD103,500. This is according to the approved final account of KAPP, as published in the Official Gazette — Kuwait Al-Youm.

The final account approval data indicated that the expenditures of KAPP exceeded revenues by KD3.25 million. The Ministry of Finance covered the excess expenditures from the budgets of ministries and government departments and the general accounts for fiscal 2024/2025.

As per the approved final account of Kuwait Investment Authority (KIA), its expenditures reached KD44.76 million, while the revenues amounted to KD57,019, with expenditures exceeding revenues by KD44.72 million.

The Ministry of Finance covered the excess expenditures from the budgets of ministries and government departments and the general accounts.

The expenditures of Kuwait Direct Investment Promotion Authority (KDIPA) amounted to KD8.88 million, while revenues reached about KD1 million. The excess expenditures over revenues amounted to KD7.84 million.

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Modern Buildings Summit Returns to Abu Dhabi on 11th September 2025

Join industry leaders, innovators, and visionaries as we explore the future of smart, sustainable, and efficient buildings across the Middle East.

Mon, Aug 25, 2025 < 1 min

The Modern Buildings Summit, The region’s premier event for innovation in architecture, construction, and sustainable urban development will take place on 11th September 2025 in Abu Dhabi.

Following the success of its recent edition in Ras Al Khaimah, this highly anticipated gathering will bring together over 200 senior professionals, including architects, developers, consultants, and technology providers, to explore the latest trends shaping the built environment.

This summit will focus on:

  • Smart Building Technologies: Harnessing automation, digital twins, and intelligent systems to enhance performance and efficiency.
  • Sustainable Design & Materials: Solutions driving net-zero targets and reducing the environmental footprint of new projects.
  • Future-Ready Infrastructure: Innovations in EV infrastructure, retrofitting strategies, and resilient urban planning.

Delegates will benefit from expert-led keynotes, technical presentations, and panel discussions featuring regional and international thought leaders. A dedicated exhibition area will showcase cutting-edge products, technologies, and services redefining how modern buildings are designed and operated.

Event Details:
Date: 11th September 2025
Location: Abu Dhabi, UAE
Register here.

Industry professionals interested in attending, exhibiting, or sponsoring are encouraged to register early and secure their place among the region’s most forward-thinking leaders.

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