Egypt’s SKG Holding and UAE’s KSH Investment launching $500 million real estate project on Nile & GCC project awards drop 20% in Q2 to $51.7 billion, on the #DailyBrief with Ramia Farrage #Forbes #Egypt #UAE #GCC #Qatar #SaudiArabia #Shein #Apple #Acer #Denmark
Transcript
You are an Egyptian firms launching a $500 million real estate project on the Nile and GC project awards dropped 20% in Q2 to $51.7 billion. You're watching the Daily Brief with Forbes ammonia forage. Egypt's SKG Holding company and the UAE KSH Investment Company have signed a $500 million deal for a real estate project on the Nile in Cairo. It includes 3 residential and commercial towers and a hotel overlooking the Niles Warraq island. The UAE is a top investor in Egypt. Project awards in the GCC dropped 19.7% year on year in Q2 to $51.7 billion, according to Kamco Invest, the UN Qatar drove. The downturn But Saudi saw a 9.9% rise in award contracts reaching $30.6 billion, driven by Vision 20-30 projects and gas sector contracts. The GCC saw a 4% drop in job opportunities in Q2, according to Cooper Fitch. It says jobs in Saudi dropped by 3%, while Qatar saw a 4% rise in jobs. Cloud jobs saw 11% growth as firms migrate to the cloud. Cyber jobs rose 8%. With demand for data privacy experts, Chin has pledged to invest $271,000,000 / 5 years in the UK and broader Europe amid opposition to its share listing in London. She and faces criticism for Labor Standards in its supply chain and flooding the market with cheap clothes. Some say it's also exploiting a tax exemption for low-cost parcels. Shareholders of Hypnosis Songs Fund have voted to accept a $1.6 billion takeover. From Blackstone, It caps a tumultuous year for the British firm, including a bidding war that followed investor concerns over the funds tumbling. Share price Hypnosis Songs fund is listed on the London Stock Exchange. Global PC shipments rose by 3% in Q2 to 64.9 million units, helped by demand for AI capable devices, according to IDC. Apple saw the biggest growth among PC makers, with shipments surging 20.8%. Acer followed with a 13.7. Percent gain. European Ariana 6 rocket has successfully blasted off for the first time, releasing satellites into orbit. It restores Europe's independent access to space after four years of delays to the launch. It robbed the continent of its own way to launch missions into space. I'm Denmark. We'll introduce the world's first carbon tax on livestock as it works to achieve carbon neutrality by 2045 From 2030. Methane emissions caused by flatulence. From cattle and pigs will be taxed at a rate of $43 per ton of CO2 equivalent. I'm Ramia Farrage, this is the daily brief. Thanks for watching, bye for now.To view or add a comment, sign in
