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  • Berkshire Hathaway
    Warren Buffett became the controlling shareholder of Berkshire Hathaway in the mid-1960s and began a progressive strategy of diverting cash flows from the core business into other investments. As of May 2023, Berkshire Hathaway had a market capitalization of over $715 billion, making it one of the largest publicly traded companies worldwide.1

    Berkshire Hathaway has a long history of operating success and smart investments. The company is the sixth-largest public company in the world in terms of market capitalization as of May 2023.1 Berkshire's stock trades on the New York Stock Exchange in two classes—A shares and B shares. Class A shares have never split and closed above $500,00 per share in May of 2023 (its Class B shares traded at a more modest $325 on the same date).2

    Insurance subsidiaries represent a large part of Berkshire Hathaway's holdings. However, the company also manages hundreds of diverse businesses all over the world. These include Duracell, International Dairy Queen, Pampered Chef, Fruit of the Loom, NetJets, and GEICO, among others.3 In addition to owning private companies, Berkshire also has a large investment portfolio of stocks in major public companies, such as Apple (AAPL), Bank of America (BAC), and United Parcel Service (UPS).4 As of December 31, 2022, Berkshire's public market equity portfolio was valued at more than $346 billion.5

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    Early in his career, Buffett came across the novel idea to use the float from his insurance subsidiaries to invest elsewhere. He focused on selecting stocks that would be held for the long term. Buffett has long eschewed a diversified stock portfolio in favor of trusted investments that would be over-weighted in order to leverage the anticipated return. Over time, Buffett’s investing prowess became so renowned that Berkshire Hathaway's annual shareholder meetings are now a mecca for value investing proponents. They're also the target of intense media scrutiny.

    3,641,613%
    The overall return of Berkshire Hathaway’s stock from 1965 to 2021. During this same period, the S&P 500 returned 30,209%.6 In annualized terms, Berkshire’s stock generated an average yearly return of 20.1% over that period, while the S&P 500’s annualized gain was 10.5%.6

    Succession and Control
    Succession has always been a hot topic for Berkshire. The big question is whether Buffett’s replacement can continue the streak of outperforming the market. This becomes even more pressing when you consider that Buffett turned 91 years old in August of 2021.

    In 2010, Buffett announced that he would be succeeded at Berkshire Hathaway by a team comprised of one CEO and two to four investment managers.

    In 2011, it was announced that hedge fund managers Todd Combs and Ted Weschler would be two of those managers. In 2018, the company put Ajit Jain in charge of all of the insurance operations and made Greg Abel the manager of all other (noninsurance) operations. Both men seemed likely candidates for Buffett's heir apparent. Buffet has not announced any retirement plans. Still, it's good that the question of succession has been answered, considering the advanced age of the Oracle of Omaha.

    On May 1, 2021, vice chair of Berkshire Hathaway, Charlie Munger, unofficially announced that Warren Buffett would be succeeded as CEO by Greg Abel when Buffett eventually steps down. Abel's official title is CEO of Berkshire Hathaway Energy and vice chair in charge of noninsurance operations.

    Who Is Warren Buffett?
    Warren Buffett is a world famous business owner and investor. He's renowned not only for the jaw-dropping success of Berkshire Hathaway, the holding company of which he's been in charge since 1964. Buffett is also celebrated for his winning approach to investing, which has created great wealth for many shareholders. His frugal lifestyle, despite being one of the world's wealthiest individuals, and his easy-going manner have earned him fans across the globe.
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    What Is Value Investing?
    Value investing refers to investing in a security with an intrinsic value that's greater than its market value. The idea is that the undervalued security's market value should increase to meet its intrinsic value. Warren Buffett is one example of an investor whose focus on value investing has led to incredible success.

    What Is a Class A Share?
    Class A shares of common stock usually give shareholders a greater amount of voting rights than Class B and other classes of stock. They're often held by a company's executives and some members of management so that those in charge of the company can retain control of it in various situations, such as a hostile takeover attempt.

    The Bottom Line
    Berkshire Hathaway is a holding company run by Warren Buffett that owns a diverse range of private businesses and significant minority interests in public companies such as Apple. It has a market capitalization of over $715 billion and is the sixth-largest public company in the world. Berkshire Hathaway's success is l
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  • Top Companies by Market Cap
    By market capitalization, as of January 2022, Apple (AAPL) is the biggest company at $2.652 trillion, followed by Microsoft (MSFT) at $2.222 trillion, Google (GOOGL) at $1.725 trillion, Amazon.com (AMZN) at $1.446 trillion, Tesla (TSLA) at $947.92 billion, and Meta (META), formerly Facebook, at $843.34 billion.
    2

    Back in 2007, Chinese energy giant PetroChina (PTR) reached an estimated market value of around $1 trillion. However, this valuation didn't stick. As of January 2022, PTR's market capitalization stood at just $146.95 billion.
    3

    Top Companies by Revenue
    In terms of the biggest global companies by revenue, Walmart (WMT) comes in as number one—according to the Fortune 500 list. Walmart's revenues were $523,964 billion in 2021. Behind Walmart was State Grid with $383,906 billion in revenues, followed by Amazon with $280,522 billion, and China National Petroleum at $379,130 billion.
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    Sinopec Group ranks fifth with $407,009 billion in annual revenues, and the sixth and seventh spots are covered by Apple and CVS Health with $260,174 billion and $256,776 billion in yearly revenues, respectively.
    4

    Based on only U.S.-headquartered companies' 2020 performance, Walmart still has the top spot, while Amazon comes in second. Exxon Mobil ranks third and Apple ranks fourth. Healthcare companies take up the fifth, seventh, and eighth spots: CVS, UnitedHealth Group, and McKesson, generating $256.78 billion, $242.15 billion, and $231.05 billion, respectively.
    5

    Berkshire Hathaway ranks sixth with $254.62 billion in annual revenues, and the ninth and tenth spots are covered by AT&T and AmerisourceBergen at $181.19 billion and $179.59 billion in yearly revenues, respectively.
    5

    Based on only U.S.-headquartered companies' 2019 performance, Walmart still has the top spot, while ExxonMobil (XOM) comes in second with $290.21 billion a year in revenues. Apple ranks third with $265.59 billion and Berkshire Hathaway fourth with $247.84 billion. Healthcare companies take up the sixth through eighth spots: UnitedHealth Group, McKesson, and CVS, generating $226.25 billion, $214.32 billion, and $194.58 billion, respectively.
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    Top Private Companies
    In terms of private companies, Forbes ranks Minnesota-based Cargill as the largest private U.S. company with $134.4 billion in annual revenues. The company has 155,000 employees. Second is Koch Industries with $115 billion in revenues and 122,000 employees. Ranking third is the grocery chain Publix Super Markets, with $44.9 billion in annual revenue and 227,000 employees.
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    The fourth and fifth largest private companies are Mars and H-E-B, which generate $40 billion and $32.8 billion, respectively. Each employs over 100,000 employees.
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    The Bottom Line
    On a pure market value measure, Apple has often been considered the most valuable, publicly traded company of all time. Although Microsoft did briefly hit the $2 trillion market cap mark in June 2021. It is certainly possible another company’s market cap will exceed these measures, and maybe—though less likely—another company will surpass Berkshire Hathaway as the highest priced single stock share.
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  • How Should We Celebrate the Anniversary of the Birth of Prophet Muhammad (PBUH)?

    For Muslims, Prophet Muhammad (PBUH) is the best creature ever. He is the last messenger and prophet sent by the Almighty Allah to guide people from the darkness of ignorance to light of Divine guidance. At any human scale, he (PBUH) is a man of extraordinary achievements. This is a fact admitted not only by Muslims, but by non-Muslim thinkers and philosophers also. Having put Prophet Muhammad (PBUH) on top of the list of the most 100 most influential people in history in his The 100: A Ranking of the Most Influential Persons in History, Michael H. Hart states, “My choice of Muhammad to lead the list of the world's most influential persons may surprise some readers and may be questioned by others, but he was the only man in history who was supremely successful on both the religious and secular level.”
    Prophet Muhammad (PBUH) succeeded to be an embodiment of perfect attributes and values. He called upon all people to have good manners and promote higher values of peace, mercy, respect of others, etc. He succeeded to turn an uncivilized nation into a nation of prime civilization that taught the whole world how to get civilized. So, how can we celebrate the birth anniversary of a man of such character and a great prophet?
    The fact of the matter is that celebrating the birth of this beloved Prophet (PBUH) cannot be by chanting songs that enumerate his excellent qualities and lib servicing only. Rather, this opportunity should be seized to the full to preach his (PBUH) message and values. Celebration should have different aspects.
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    First of all, we shall take him as our role model, i.e. to follow in his footsteps and have the morals he had. Qatadah reported, “I said to ‘Aisha, ‘O mother of the believers, tell me about the character of the Messenger of Allah (PBUH).’ ‘Aisha said, ‘Have you not read the Quran?’ I said, ‘Of course.’ ʿAisha said, ‘Verily, the character of the Prophet of Allah was the Quran.’” (Sahih Muslim) In another version of the hadith she replied, “He was a walking Qur’an,” i.e. he was an embodiment of the values of the Qur’an. Accordingly, the first manifestation of celebration should be following the Prophet’s (PBUH) message, obeying his legislation, observing good deeds and abstaining from bad deeds and ill manners, and applying his merciful approach when dealing with women, children and any vulnerable group of people.
    Another aspect of celebration is to disseminate these good values throughout the world in all means possible in order to introduce the true image of this great prophet extraordinary human being to all humankind. The world in the present time is in dire need for the values of Islam and the character of our Prophet Muhammad (PBUH) as it goes though continued crises and disasters at all levels. The example of Prophet Muhammad (PBUH) is the way of salvation for humankind in this difficult epoch of history; where the world is void any moral code, where the super powers manipulate weak countries, where some people spoil natural resources and waste food and beverages and some others die out of hunger.
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    Furthermore, we need to reinvestigate and reread the biography and Sunnah of Prophet Muhammad (PBUH) in order to come out with new lessons learned and new methods to overcome the challenges facing us today. The month of Rabi I, when the Prophet was born, should be made a month of reviving the character of Prophet Muhammad (PBUH) in our lives and the lives of the whole mankind. Let it be an opportunity to correct the course of humankind.

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  • This is Jesus, Son of Mary, the Word of Truth


    Festivals and celebrations are considered one of the distinctive characteristics and key features of societies around the world as they constitute a major part of cultural fabric for people. This means that there is hardly any human society without festivals, whether they are related to religious occasions or non-religious ones. While there are some Islamic festivals like, Eid al-Fiṭr and Eid al-Adha, there are also various celebrations and festivals that distinguish Christians from other religious groups, such as Christmas. Thus, every year, the Christians celebrate the Christmas all over the world, which is an annual festival commemorating the birth of Jesus (PBUH). There are different hypotheses regarding the date of Jesus' birth; however, the Catholic “Western” church has fixed December 25th to be the Christmas date. On the other hand, the Eastern Orthodox Church celebrates the Christmas on January 7th.[1]The present article focuses on the position of Jesus in the Islamic texts and how Islam and Muslims hold great reverence and respect for Jesus and his mother.
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    Reviewing the Glorious Qur’an, one finds that there is no book on earth that has given Jesus and his mother more reverence and honor than the Qur’an does. We will not be exaggerating if we say that the Qur’an gives more respect and reverence to Jesus more than the current Torah and Gospel do. In the Qur’an, there is a full detailed surah entitled Al-Imran and it refers to the family of Jesus, where Allah says, “Indeed, Allah chose Adam and Noah and the family of Abraham and the family of 'Imran over the worlds. Descendants, some of them from others. And Allah is Hearing and Knowing”.[2] It is known that the aforementioned surah is classified as the second largest Surah in the Qur’an next to al-Baqrah. In addition, there is another surah entitled Maryam, the mother of Jesus. However, there is neither a full detailed surah in the Qur’an about the family of Prophet Muhammad PBUH nor his mother.

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    Maryam was named six times in Surah Al-Imran and this surah includes precise information concerning the story of the pregnancy of Maryam’s mother, as many scholars explained that Maryam’s mother was a barren old woman, and when Maryam was born, her mother was in deep grief as she had pledged what is in her womb for Allah’s service. The righteous people disputed greatly over who would take care of Maryam, and then it was Zakarīyā who ultimately took good care of her, and she grew up under his patronage as a righteous girl. Every time Zakarīyā entered upon her in the prayer chamber, he found with her provision. He used to ask her about the source of that provision, and she replied, “It is from Allah.”
    Maryam’s name was also mentioned twice in surah al-Nisāʼ in the context of dispraising the Jews for their disbelief and their false accusation of Maryam, where Allah, Glory be to Him says, "And [We cursed them] for their disbelief and their saying against Mary a great slander, And [for] their saying, "Indeed, we have killed the Messiah, Jesus, the son of Mary, the messenger of Allah." And they did not kill him, nor did they crucify him; but [another] was made to resemble him to them" Surah Maryam, her name was also mentioned twice where Maryam brought Jesus to her people carrying him as they accused her of doing something unprecedented. In Suah al-Taḥrīm, she was named once, attributed to her father (Maryam daughter of Imran) in the place of praising her for her deep and unshakable belief. Allah says, “And [the example of] Mary, the daughter of 'Imran, who guarded her chastity, so We blew into [her garment] through Our angel, and she believed in the words of her Lord and His scriptures and was of the devoutly obedient”
    In addition to the Glorious Qur’an, there are loads of Aḥādīth referring to the stature of Maryam among Muslims and how they respect and revere her greatly. Abū Hurayrah said, "I heard Allah's Messenger (PBUH) say, “There is no one born among the off-spring of Adam, but Satan touches it. A child therefore, cries loudly at the time of birth because of the touch of Satan, except Mary and her child." Then Abū Hurayrah recited: "And I seek refuge with You for her and for her offspring from the outcast Satan" In addition, Anas (May Allah be pleased with him) narrated that the Prophet (PBUH) said, "Sufficient for you among the women of mankind are Maryam daughter of ʻUmrān, Khadījah bint Khuwaylid, Fāṭimah daughter of Muḥammad and Āsiyah the wife of the Pharaoh”
    Regarding Jesus, the son of Maryam, his story was mentioned in many surahs of the Glorious Qur’an such as Maryam, Al-Imranm, al-Māʼidah, al-Nisāʼ, al-Ṣaff, al-Ḥadīd and al-Zukhruf. In surah Maryam, for instance, it included the address to both his mother and Jesus and it seems as if the two stories are only one story. However, at the end of the surah, the verses emphasize the Oneness of Allah and t
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    Principles of dealing with non-Muslims as a Means for Combating Extremism


    Allah the Almighty created people and made earth their place of residence where they all should live, work, and seek sustenance. This requires that they engage and have relationships with each other. In this way, it becomes clear that “relationships, no matter how harmonious or tumultuous, are intrinsic to human existence. It matters that we matter to others, and that others matter to us.” The Qur’an, Muslim’s divine scripture and first source of legislation, clearly underlines that such engagement and mutual relationships is one of the objectives of Islam. The Almighty Allah says, “O humanity! Indeed, We created you from a male and a female, and made you into peoples and tribes so that you may ˹get to˺ know one another. Surely the most noble of you in the sight of Allah is the most righteous among you. Allah is truly All-Knowing, All-Aware.”[ii] (The Qur’an, Al-Hujarāt, 49: 13) From this verse, it becomes apparent that differences among humankind have been created for the explicit purpose, namely, human beings might establish particular relationships so they might know one another.[iii] Therefore, if every human being would live alone, dissociating himself from others, then this objective of getting to know one another would not be achieved.
    In his Islam First[iv], the Grand Imam of Al-Azhar, Prof. Ahmad Al-Tayeb states that according to the Glorious Qur’an, there are three interrelated facts with regard to Islam’s view of humanity:
    The first fact is that it is out of Allah’s Will that people are created different in religion, creed, color, language and gender. Moreover, such differences never change or vanish;
    The second fact comes as a consequence of the first which is that it is inevitable that the relationship between different tribes and nations be based on “taʿāruf”, meaning: mutual cooperation. The Qur’an states this clearly in 49:13.
    The third fact that brings together the aforementioned two facts is the right to freedom of belief as safeguarded by Islam.
    That said, Islam sets rules and regulations for Muslims when dealing with non-Muslims in order to keep the mutual relationships and respect among followers of divine religions, non-divine religions and even among all people, even if they do not believe any religion, as long as they do not belittle religions.
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    These rules and regulations can be summarized in the following points:
    1. Every human being has the freedom to faith. Accordingly, no one can be forced to leave his religion or faith. Islam does not aim at forcibly converting people so that it becomes the only religion on earth, as it believes that coercion is of no value whatsoever in this respect. Every human being will be held accountable before Allah for all what he does, so one is responsible for one’s one actions. Muslims’ responsibility is only to present to people the true, pure teachings of Islam.

    1. Equality before Allah and before law. Allah the Almighty does not give a group of people supremacy over others. Rather, all people are equal before Allah the Almighty. Likewise, people, under Islam, are all equal before law. This means that a Muslim is not favored over a non-Muslim and every human being is subject to the rule of law.

    1. Non-Muslims have the right to be governed by their own religious laws. They are not forced to follow the Islamic laws.
    2. Muslims are obliged to deal with others fairly and justly. Based on the fact that we all are the created beings of Allah, and Allah is the All Just, we are obliged to deal with each other in justice. Even if there is a sort of discords with others, a person is not permitted to neglect this rule. The Qur’an stipulates this rule clearly when saying, “You who believe, be steadfast in your devotion to God and bear witness impartially: do not let hatred of others lead you away from justice, but adhere to justice, for that is closer to righteous.” (Qur’an 5:

    1. As equal citizens in the same country, non-Muslims have the right to security of their lives, property and houses of worship. This right is extended also to any non-Muslim, even if he is not a citizen. Such protection is offered also to the non-Muslim visitors.

    1. In case of telling non-Muslims about Islam, a Muslim is ordered to argue with them in the best manner and to keep good ties with them even when they refuse to accept Islam, as long as they do not fight or harm Muslim.

    It is crystal clear from the above-mentioned regulations that Islam is keen on establishing harmonious community, where all of its members respect each other and shoulder the responsibility of achieving prosperity and progress for the community at large, and humanity as a whole. This, in turn, leads to establishing peaceful community free of all aspects of extremism and terrorism.
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  • The World Meteorological Organization

    The World Meteorological Organization (WMO) is a specialized agency of the United Nations responsible for promoting international cooperation on atmospheric science, climatology, hydrology and geophysics.
    What we do

    As a specialized agency of the United Nations, WMO is dedicated to international cooperation and coordination on the state and behaviour of the Earth’s atmosphere, its interaction with the land and oceans, the weather and climate it produces, and the resulting distribution of water resources.

    National Meteorological and Hydrological Services work around the clock to monitor Earth Systems and provide vital weather and climate information worldwide. Their early and reliable warnings of severe weather and fluctuations in air quality as well as of climate variability and change allow decision-makers, communities and individuals to be better prepared for weather and climate events. Their warnings help save life and property, protect resources and the environment and support socio-economic growth. WMO supports National Meteorological and Hydrological Services with this work and in meeting their international commitments in the areas of disaster risk reduction, climate change mitigation and adaptation, and sustainable development.

    WMO facilitates and promotes:
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    the establishment of an integrated Earth System observation network to provide weather, climate and water-related data
    the establishment and maintenance of data management centres and telecommunication systems for the provision and rapid exchange of weather, climate and water-related data
    the creation of standards for observation and monitoring in order to ensure adequate uniformity in the practices and procedures employed worldwide and, thereby, ascertain the homogeneity of data and statistics
    the provision of weather, climate and water-related services - through the application of science and technology in operational meteorology and hydrology - to reduce disaster risks and contribute to climate change adaptation, as well as for sectors such as transport (aviation, maritime and land-based), water resource management, agriculture, health, energy and other areas
    activities in operational hydrology as well as closer cooperation between National Meteorological and Hydrological Services in states and territories where they are separate
    the coordination of research and training in meteorology and related fields.
    Through its Technical Commissions, Programmes, Projects and Regional Offices, as well as its synergistic and public-private partnerships, WMO facilitates and coordinates an Earth system approach to the gathering and free exchange of observations, promotion and integration of research and the development and delivery of services in the areas of weather, climate and water.

    The activities of WMO facilitate the maintenance and expansion of its Members' atmospheric, oceanographic and land-based observational networks; the free unrestricted exchange of the resulting data and information; and related capacity development and research in order to optimize the production of weather, climate and water-related services worldwide.

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    The WMO Operating Plan 2020-2023 translates the WMO Strategic Plan - which articulates the high-level vision, mission, core values and overarching priorities of the Organization - into specific actions by defining outputs to be delivered and annual milestones to be achieved. It also lists planned activities, indicates the resources available, and outlines performance indicators intended to measure progress in achieving the strategic objectives

    Long-Term Goal 1: Better serve societal needs: Delivering, authoritative, accessible, user-oriented and fit-for-purpose information and services
    Long-Term Goal 2: Enhance Earth system observations and predictions: Strengthening the technical foundation for the future
    Long-Term Goal 3: Advance targeted research: Leveraging leadership in science to improve understanding of the Earth system for enhanced services
    Long-Term Goal 4: Close the capacity gap on weather, climate, hydrological and related environmental services: Enhancing service delivery capacity of developing countries to ensure availability of essential information and services needed by governments, economic sectors and citizens
    Long-Term Goal 5: Strategic realignment of WMO structure and programmes for effective policy- and decision-making and implementation
    In order to achieve its long-term goals, WMO assists Members with technology transfer, training for capacity development, collaboration on research and the provision of weather, climate and water-related services. The Organization also contributes to policy formulation in areas related to weather, climate and water at national and international levels.
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