Good Morning! 🌞

Today’s newsletter dives into Mashreq’s groundbreaking entry into Pakistan’s digital banking sector, Saudi investment moves in the Premier League, and Oman’s concerns over potential Trump tariffs.

Read on for more! ✍️ 

But before that: You can join our Whatsapp channel too to receive updates from the business world.

📰1️⃣ Mashreq Expands to Pakistan: A Digital Banking First

📰 What is it about?

• Mashreq becomes the first bank to launch pilot operations as a digital retail bank in Pakistan. It received a restricted license from the State Bank of Pakistan (SBP), aiming to provide innovative Islamic banking solutions.

💡 Why it matters?

• This milestone aligns with Mashreq’s vision to foster financial inclusion, targeting millions of unbanked and underserved communities in Pakistan, a country with a fast-growing digital ecosystem.

🔜 What’s next?

• Over the next five years, Mashreq plans to onboard millions of retail customers and contribute to Pakistan’s economic progress through tailored banking solutions.

Markets

2️⃣ Saudi Brothers Eye Crystal Palace Stake

📰 What is it about?

• Saudi brothers Mansoor and Haider Syed are leading a consortium that has signed an exclusivity agreement to acquire 45% of Crystal Palace Football Club for an undisclosed amount, after a previous $185 million bid was rejected.

💡 Why it matters?

• This highlights the growing appetite of Saudi private investors for global sports assets, adding to the kingdom’s strategic push in sports and entertainment industries.

🔜 What’s next?

• The deal awaits Premier League approval, but rival proposals could pose a challenge. Observers are closely watching Saudi involvement in Western sports investments.

💭Quote of the day:

 _{"It always seems impossible until it's done." — Nelson Mandela} 😉 

3️⃣ Oman Warns of Tariff Impact Amid Growth Optimism

📰 What is it about?

• Oman predicts 3.1% GDP growth for 2025, fueled by a thriving non-oil sector. However, the Oman Investment Authority (OIA) warns that Trump’s proposed tariffs could hit foreign investment prospects.

💡 Why it matters?

• Oman’s non-oil sector and economic diversification efforts could face challenges if elevated interest rates dampen borrowing and investment.

🔜 What’s next?

• Oman remains optimistic about its economic trajectory but will need to navigate global uncertainties, including oil price fluctuations and US trade policies.

🔍In other news…

1. Kuwait will make a massive $825M per year from multinationals tax: Finance Minister

2. Saudi arabia’s Beauty retailer Nice One’s share price surges 30% on tadawul debut

3. UAE’s PureHealth Expands Us Presence as subsidiary acquires 18 urgent care clinics in New Mexico and Oklahoma

The Latest from the Smashi Business Studio

👋 Hello, That’s Me - Your Content Buddy

What is Odeum?

Odeum is Augustus Media’s innovative in-house content studio, where creativity meets data-driven insights to produce compelling new media formats. Specializing in connecting brands with communities and culture, Odeum offers a range of services tailored to your needs.

Why Do Brands Need a Content Strategy?

An authentic story is key to connect with audiences on a personal level. That’s why a well-crafted social content strategy helps brands resonate with the internet generation and earn their trust. Odeum excels in modern content creation, offering expertise in social media management and access to fully equipped studios.

How Can You Get Started?

If you’re a brand with a vision, contact us here, and our team will get in touch to help you bring your ideas to life.

Here’s to a productive week ahead! 💪

Were you forwarded this email? Subscribe here