Hotel101 Global—a unit of DoubleDragon, which is jointly owned by Philippine fast food giant Jollibee founder Tony Tan Caktiong and real estate tycoon Edgar Sia II—is expanding into Saudi Arabia with plans to build 10,000 rooms worth $2.5 billion amid a travel boom.
Crypto: Public companies have acquired approximately 95,000
#Bitcoins, with an average value of $9.5 billion, since the start of 2025, and are currently raising additional billions to expand their holdings.
🚨 President Donald Trump is considering raising
#tariffs on imported foreign
#steel and
#aluminum, from 25% to 50%, which may put more pressure on global steel manufacturers.
The agreement, between the Syrian Ministry of Energy and a consortium of Kalyon Holding and Cengiz Holding (Türkiye), UCC (Qatar), and Power International (US), encompasses the construction of 4,000 megawatts of natural gas combined cycle power plants and a 1,000-megawatt solar power plant across various Syrian regions.
A $7 billion strategic cooperation agreement for energy ⚡️🏭infrastructure development in
#Syria 🇸🇾 was finalized in the presence of President Ahmed Shara.
🚨 Thailand 🇹🇭 will block OKX, Bybit, 1000x, and XT, among other exchanges, by the end of June due to their lack of operating licenses.
Affirmations of Hong Kong's 🇭🇰 credit ratings by Fitch, S&P, and Moody's, all with stable outlooks, underscore the region's economic resilience and positive prospects amidst global economic uncertainty, a Chinese foreign ministry spokesperson stated.
🚨 Fitch Ratings' latest report projects a moderate correction in
#Dubai's residential real estate prices during the second half of 2025 and into 2026, following this year's peak. However, price declines are anticipated to remain within a 15% limit.
Türkiye 🇹🇷: Türkiye's economic growth decelerated to 2% in the first quarter of 2025, below the projected 2.3% rate.
• Türkiye's economy ended last year with 3% growth in the fourth quarter of 2024
US 🇺🇸: The core PCE, a key inflation indicator closely watched by the US Federal Reserve, met market expectations in April, both monthly and annually. The core PCE rose 0.1% monthly and 2.5% annually, aligning with analyst predictions.
