Saudi Arabia's private sector is experiencing a hiring surge, reaching levels unseen since May 2011, fueled by rising demand and new projects. This expansion in non-oil sectors has led to increased wage and input costs, impacting overall pricing. Despite these cost pressures, business confidence remains high, driven by strong order pipelines and continued project announcements.
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Dubai is rapidly becoming a prominent global hub for private wealth, distinguished by its innovative policies, regulatory reforms, and attractive lifestyle. It's evolving beyond traditional wealth management, attracting high-net-worth individuals and family offices with its stability, legal frameworks, and strategic location. The city actively promotes capital deployment, innovation, and legacy building.
Amidst escalating tensions between the U.S. and Iran, Donald Trump's son, Barron, has become the center of online debate. Social media users are demanding Barron's enlistment in the U.S. Army, questioning the President's decision to engage in military action while his own family remains uninvolved.
Oman is strategically positioning itself as a global space launch hub, leveraging its equatorial proximity and coastal geography. The Etlaq Spaceport, with its inaugural launch "Duqm-1," signifies Oman's entry into the space race, supported by government initiatives aligned with Vision 2040. These efforts aim to attract international investment and cultivate local expertise in aerospace technology.
In Georgia, Adriana Smith, a brain-dead pregnant Black woman, was kept on life support due to state abortion restrictions. After giving birth prematurely to a son, Chance, via emergency C-section, she was removed from life support. The case highlights the impact of strict abortion laws following the overturning of Roe v Wade, particularly affecting Black women facing medical neglect.
Saudi Arabia's tourism sector is booming, with international revenues soaring to SR49.4 billion in the first quarter of 2025, a 9.7% increase year-on-year. A travel surplus of SR26.8 billion highlights the Kingdom's growing appeal. Strategic reforms, improved infrastructure, and enhanced services are driving this growth, aligning with Vision 2030's goals for economic diversification and global tourism leadership.
The Trump administration has terminated Temporary Protected Status (TPS) for Haitians, potentially deporting hundreds of thousands despite ongoing gang violence, civil unrest, and a lack of healthcare in Haiti. The Department of Homeland Security claims conditions have improved, but the State Department advises against travel to Haiti. Critics argue this decision endangers lives and violates fundamental rights.
Liverpool forward Diogo Jota, 28, and his brother André Silva, 26, tragically died in a car accident in northern Spain. The crash occurred near Zamora when their Lamborghini veered off the A-52 motorway and burst into flames. Jota, recently married, was a key player for Liverpool and Portugal, known for his skill and work ethic.
President Trump announced the resumption of tariffs initially imposed in April, following a 90-day pause for negotiations that largely failed. Letters detailing tariffs ranging from 10% to 70% will be sent to various countries, with smaller nations addressed later. Duties are expected to be collected starting August 1, potentially generating significant revenue for the US.