• Akhbaar
  • Posts
  • Let the inflation rates/beats drop 📉🎶

Let the inflation rates/beats drop 📉🎶

Egypt's urban inflation dropped to 27.5% in June from 33% last October! Still sounds like a high number, but it’s a much needed drop for the country

Author

Akhbaar Team
July 11, 2024

News Bites

  1. 🗳️ Wildcard “reformist” candidate, Masoud Pezeshkian, got elected as Iran’s new President. The “reformist” party has always promised a freer and democratic country, but surprisingly, that wasn’t their campaign this year! Sooo what will the new presidency bring? We gotta wait this one out

  2. 🪧 Although protests are continuing, Israel’s Defence Minister has approved the bill to start drafting ultra Orthodox Jews to the army

  3. 🌊 A dirt barrier collapsed and flooded Sudan’s already war-torn southeastern region on Tuesday. Imagine a flat delta and almost 3 villages immersed in water already— it’s the man-made and natural disaster combo the country did NOT need

In This Issue

📝 UAE work permits
🏜️ What’s new in NEOM?
🌐 New Google office in Kuwait
🚕 Flying taxis at the Olympics!

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

Economy

  • Saudi's not just about oil these days! E-commerce is totally taking over 📱! Commercial records for online shops shot up by 17% in Q2, totally in sync with Saudi's big Vision 2030 goals 🚀

  • Whoa, Egypt's urban inflation dropped to 27.5% in June from 33% last October! Still sounds like a high number, but it’s a much needed drop for the country 📉 Thanks to a flexible exchange rate and a total focus on crushing inflation, they're making the right moves! 💪

  • Getting a work permit in the UAE? Tough 😰. Canceling the work permit? Not so tough 🎉! The government just streamlined the process, so you can tie up any legal loose strings in 45 seconds with 0 docs needed 😮 Don't tick off your boss though…

Sign Cancel GIF by John Crist Comedy

Real Estate

  • Dubai's already got tons of beaches, but get ready for the longest one yet! 🏖️ The Crown Prince just gave the green light for a 6.6 km stretch of beach. Anybody got sunscreen??

  • Everyone has heard about Saudi’s giga project for years: NEOM city 🌍 Sooo, what’s new? The details are being fine tuned as NEOM is set to have 5 unique regions, plus the Public Investment Fund is set to drop $500 Billion on the project! 💸 Is it gonna be epic, or is it all talk? DISCUSS 🫣

  • Is Qatar following in Saudi’s footsteps? Seems like their real estate scene is all about mega projects and luxe living, too 💸🏙️! Butttt, word is that the trading volume in Qatar's real estate dipped 11% since June 2024 (for the first time in months!! Is the population ready for the big bucks projects yet?? Let’s see 🧐)

Leonardo Dicaprio Summer GIF

Arts and Culture

  • When you hear Michelin, you think BIG $$$, right?? Have you heard of Michelin’s Bib Gourmand? It’s awarded to restaurants with great food and reasonable prices. Check out some restaurants in Dubai that are on the list! 🥘🥘🥘

  • Olympics, but make it futuristic. Paris is casually creating a landing pad for FLYING TAXIS 🚕 (you read that correctly) during the epic games to help the huge influx of tourists in their commutes. There are going to be 2 trips per hour, and the pads are going to be floating on the Seine, near the Charles de Gaulle airport, and even out in the suburbs

  • Finland’s super fun SuperPark is coming to Saudi! Expect multiple indoor activities that residents can escape to in Riyadh during the summer months (that’s 9 months out of the year, right??). Need a food stop, want to play as an AI goalie, or take on a ninja warrior obstacle course? Find it all here!! 🎡

the wiz taxi GIF by Maudit

We’re hoping this is what the flying taxi will look like

Technology

  • Google Cloud opened a cool new office in Kuwait to help the country go digital and grow its economy. Backed by top leaders and the KDIPA, the office will boost smart tech in healthcare, education, and more. It's part of Kuwait’s Vision 2035 and could add $29.8 billion annually to the economy by 2030! 🚀

  • Dubai Future Labs and Osaka University, backed by Japan’s JST, are joining forces for cutting-edge research & development on cybernetic avatars! This collab will push Dubai's R&D Programme forward, focusing on health, environmental tech, smart infrastructure, and space. Leaders Khalifa AlQama and Dr. Hashimoto Kazuhito aim to break tech boundaries and create a future where we overcome physical and mental limits by 2050 🤖

✨ akhbaar Spotlight ✨

Coke Studio Pakistan

Pakistanis, Norwegians, and Iraqis decide to make music together = MAGIC. We love a good cross-over and cultural mash up of sounds, and Coke Studio has been doing that during season 15, dropping multiple bangers, like Piya Piya Calling! Check it out HERE 🎶

Can you help us out? 🌚 

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