News Bites

In This Issue

Today’s issue will take around 5 minutes to read 🤓

Economy

• The Middle East is flexing hard 💪 Just check out their booming private jet industry!! It's expected to hit nearly $40 billion a year by 2025 🚀 Oh, and by 2029, their demand for private jets is gonna almost double ✈️💸 #casualthings #dubaibling

• Saudi is like, “Hey Lebanon, here’s $10M 💸” And Lebanon’s good to take that aid, especially since things are getting heated with Israel down south 🪖

• Kuwait's up for the challenge and down to diversify its economy! 🌟📈 The non-oil sector just had its biggest growth spurt in June since 2018! 🚀👏

Real Estate

• Dubai's Q2 residential market is on fire with another phenomenal quarter 🔥! Investors are diving into the stable market thanks to a whopping 20% year-over-year growth 📊💸 End users are all about those customizable units too ✨

• Blockchain is wild out here! We have two companies, MANTRA and MAG, partnering up to bring tokenized assets worth $500 Million USD into MAG’s real estate portfolio 🏡

• The dream of doing less and getting more has always been out of reach (for us)...but it’s possible in Dubai if you invest in a “smart home”! 90% of buyers are down to pay extra for a tech-savvy home instead of a basic one, sooo let your house do the talking 🤖✨

Arts and Culture

• Turkey beat Austria to make it to the Euro 2024 quarterfinals ⚽! They’re going to face-off against team Orange (aka Netherlands), who last won the trophy in 1988 👀

• Iran’s fastest female sprinter is racing for a medal at the Paris 2024 Olympics! Farzaneh Fasihi won gold at the 60m race in Kazakhstan, but she refused to hold the Iranian flag or sing the anthem, and instead shed tears for Mahsa Amini (who was killed in 2022 for her “improper hijab”). Fasihi placed 50th at the Tokyo Olympics, but we’re banking on her going the distance in France 🏃🏿‍♀️🙌🏾

• In London this August? Hafla, a celebration of Middle Eastern art and culture, is taking over Bond Street and Sotheby’s! Check out over 50 artworks, exquisite jewelry, calligraphy, or 5 limited edition handbags designed by a Saudi princess (no bid deal) 💅🏾👜

Technology

• CoinDCX just bought BitOasis, the top crypto trading platform in the MENA region! This means more tokens, better services, and an even stronger presence in the region. Both companies are all about trust and compliance, making this a perfect match. The future of crypto in MENA is looking lit ⚡

• Amazon is teaming up with UAE authorities to roll out a fleet of electric delivery vehicles! 🌿🚚 They've committed to 100,000 EVs globally by 2030, but the extreme heat in the region is making it tricky. Prashant Saran from Amazon MEA says they're working with partners to overcome these battery challenges. Stay tuned as they power through to make those eco-friendly deliveries happen! ♻️

✨ akhbaar Spotlight ✨

Hey, it’s the 4th of July, why not hit you with more things about MURCA! Sooo turns out fumbling presidential debates (*ahem, we looking at you Trump/Biden) can actually give way to 2nd/3rd party candidates, and Jill Stein from the Green Party has been a hot favorite, especially amongst the “woke” generation. Why? She got arrested at anti-war protests, she’s all about climate change, AND expanding citizenship channels for immigrants. Is this Lady Liberty? We think so.

Can you help us out? 🌚 

Send this referral link to your friends/colleagues/randos and get rewarded 🙌🏽 👀