News Bites

In This Issue

Today’s issue will take around 6 minutes to read 🤓

Economy

• Egypt’s PM has some MAJOR goals! 🎯 He’s aiming for a whopping $100 billion in exports by 2030 by boosting industrialization and exports 🌍💰

• French investments in Egypt have hit $7.2 billion USD, with the $$$ backing 940 companies! Word on the street is this is just the beginning – there are big plans for even more investments coming soon! 🚀💼✨

• 🚀 Hey Future Entrepreneurs! Thinking about starting a business? The UAE is the spot to make it happen! 🌟 See 11 reasons why HERE

Real Estate

• Yo, the Dubai mortgage scene is totally blowing up! 🤯 The big reasons? Super low interest rates and a huge influx of people moving in. Last month of May hit a 14-month high! 📈🏙️

• Saudi real estate is GLOWING UP! 🌟 The sector now makes up 5.9% of the Kingdom’s GDP. Since 2024, there have been over 280,000 transactions. Talk about a real estate boom! 🏡💰

• Besides the MILLIONS of millionaires investing in the Middle East rn, superstars like Cristiano Ronaldo are jumping on the bandwagon too! 🚀 Check out what Ronaldo's already snagged! 👀✨

Arts and Culture

• Rain, rain, go away, Afghanistan’s come to play ☔ Kudos to the team for fighting till the semis, BUT we have South Africa and India batting it out for the trophy! 🏏 (Israel ICJ reporter vs supporter beef???)

• Imagine dressing Queen B for tour? That’s exactly what trendy Lebanese designer Goerges Hobeika did, and now he’s launched his fall collection at Paris Haute Couture Week! (we are all low key Emily Blunt dying for an invite) 👗

• Need a space for hundreds of performances and almost a million visitors yearly? Piece of cake for Saudi. The Kingdom has announced the creation of the Qiddiya Performing Arts Centre in Qiddiya city. Wait, never heard of the place before? Wellll that’s why they’re investing more in the space to draw a ton of tourists in— p.s. E-visas in Saudi are a breeze, see ya there! 🎭

Technology

• Dubai Airports, managing DXB and DWC, just leveled up with an AI MRP tool. It's making inventory smarter, maintenance faster, and cutting excess stock by 12%. VP Emmanuel Augustin says it's boosted service levels by 24% and slashed old work orders by 82%, making everything run smoother for travelers ✈️

• du and DIFC Innovation Hub just dropped the ‘du Business Entrepreneurship Programme’ for UAE start-ups. Based at DIFC’s ‘Innovation One’, it offers workshops on scaling, digital skills, AI, and more. With cool workspace solutions and access to a vibrant community, this program is set to boost SME growth and innovation 🦾

✨ akhbaar Spotlight ✨

Voicing any opinion on the Israel-Palestine war can be risky. Seinfeld has hecklers. New Jersey bakery, The Baklava Lady, has fake reviews. As soon as the baker released a watermelon-designed cookie to show her solidarity with Palestine, her business was bombarded with racist comments, hateful words, and negative reviews. If you’re in the area, make sure to support her business! 🍬🍬🍬

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