News Bites

In This Issue

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

Economy

• You lookin for a job? If you’re from Saudi Arabia, you best stay there! In the month of April alone, the kingdom saw 30,500 new employees join the private sector 💼 updates CV 💼

  

• Foreign cash is pouringgg into Egypt’s economy (no more floods plz). In the fiscal years 2024 and 2025, Egypt is expected to receive a surge of investments totaling $16.4 Billion USD 🤑🤑🤑

• Turkiye’s inflation has risen to a staggering 69.8% in April. However, there could be good news on the horizon as policymakers are expecting disinflation post-May. Curious to see if this prediction will hold 🤔

Real Estate

• Saudi Arabia is expecting real estate to increase its contribution to the economy from 6% to a massive 10% of GDP by 2030. Though the country may face some factors like supply shortages, the kingdom seems to be set on making this goal a reality.

• Dubai’s real estate has a lot going for it, like government backing, safety and location. Now it looks like social media is giving it another boost. The amount of Chinese investors who have seen an interest in Dubai real estate on Tik Tok is increasing rapidly!

• HNWMs (high net-worth Muslims) are eyeing luxury homes in Makkah as options in the holy city expand and become more lucrative. It will also likely make it less accessible to working-class folks from around the world 😔

Arts and Culture

• Macklemore teased a new track in support of Gazans titled “Hind’s Hall” - dropping lyrics about student protests and even Drake! Hear it HERE 🍉 🎶

• Tired of beating yourself up? Try watching others do it instead 🤷🏾 The heavyweight champ, Tyson Fury, is taking on boxer Oleksandr Usyk in Riyadh on May 13th - check out more details HERE 🥊

• HH Shaikh Nasser bin Hamad has inaugurated a MOBILE HOSTEL masterminded by the youth of Bahrain! It’s got 6 private capsule suites on wheels, so people can explore the beauty of Bahrain in a super unique way 🚌

Technology

• 2 Saudi students are making waves in the tech world! Jawaher Shaman, creator of the “My Child” app that helps with speech conditions, and Afrah bin Jubayr, creator of an app that preserves the environment, snagged top spots in Apple's Swift Student Challenge. Inspired by her own struggle with stuttering since age five, Shaman's app is truly changing lives! BONUS: 50 standouts, including Shaman, scored invites to Apple's Worldwide Developer Conference in June 🤩 💯

  

• The 13th Edition of the AIM Congress is here! Happening in Abu Dhabi, it's all about adapting to the changing investment scene for global economic growth. Ministers, investors, and business leaders were all on the list to attend. They've been brainstorming investment strategies, how to boost economic opportunities, and find solutions to global challenges (p.s. the 3-day event ends today, May 9th) 👏🏾👏🏾

✨ akhbaar Spotlight ✨

Getting funds to Gaza has been almost impossible through big charitable organizations, so what could one person do? Turns out a LOT. Aiyla managed to connect with individuals and doctors in Gaza on GoFundMe pages, meet a Palestinian who evacuated in person in Egypt who can get funds to a bank back home via Western Union, and coordinate a concrete way to get funds to those in need. She’s got the videos and messages from Palestinians receiving baby milk, food, and toys as proof of the funds being used honorably.

DM her HERE if you’d like to donate!

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