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Uber Plans to buy its rival company in the Middle East ‘Careem’



Uber is announcing a $3.1 billion acquisition of Careem in a cash and stock deal, that is happening this Tuesday, Bloomberg also reported that Uber intents on paying $1.4 billion in cash and $1.7 billion in convertibles notes for Careem as Uber shares.

The Dubai-based company shareholders that includes Saudi Prince Alwaleed bin Talal’s investment firm and Japanese e-commerce company Rakuten Inc. have until Monday night to study and discuss the offer, and the decision is expected to be made as early as Tuesday.

According to Bloomberg, none of the spokespeople for Uber and Careem gave a comment on the matter, whereas Uber’s spokesperson Matt kallman refused to give out any statements, Careem’s spokesperson Maha Aboul Enein was unavailable for a comment.

This bid is considered to be one of the biggest-ever listings of the New York Stock Exchange, and it has come before an imminent initial public offering.

It is believed that Uber is publicly filing for its IPO in April, meaning that the company’s value is expected to increase to USD 120 billion. And with Careem out of the way, Uber will thus be monopolizing the region; which will make the stock a much more valuable one.

Also, let’s not forget, that on top of all that, Saudi Arabia is one of the company’s largest backers; which increases the chances of receiving more funding due to the wealth fund of the Kingdom.

On the other hand, some problems is expected to surface after this take over happens, problems that both companies have been facing in term of regulations with the Egyptian Competition Authority and the threat they impose on the merger through a potential fine worth USD 28 million.


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What’s Happening in the Amazon Rainforest




Brazil’s Amazon rainforest has been hit with raging wildfires and according to the National Institute for Space Research (INPE) fires have reached a record number, with nearly 73,000 fires detected in 2019.

Scientists warn that this could lead to a devastating blow to the stand against climate change, because the Amazon are known to be the planet’s lungs as they produce 20% of the oxygen in the planet’s atmosphere, that’s why it plays a vital role at keeping the climate change in check.


The Rainforest is also home to various number of species of fauna and flora. Roughly half the size of the United States, it is the largest rainforest on the planet.

The wildfires have been going on for quite some time now and since Thursday, INPE satellites showed more than 9,500 new forest fires as the raging infernos continue to grow.

The situation is unbelievable and several images and videos have gone viral on social media showing how the smoke reached all the way to the city of São Paulo, turning its skies to pitch black in the middle of the afternoon as smoke and ash took over the skies and blocked the sun.

Day turns to night in São Paulo

According to INPE, more than fields of the Amazon rainforest are being destroyed every minute of every day, and people worldwide are expressing their horror on social media calling out for any action to be taken immediately.

The Brazilian state of Amazons has declared an emergency in the south of the state and in its capital Manaus, in addition to putting Peru on environmental alert since Friday.


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Egyptian Artefact Spotted in Nasa’s Photo of Mars Opens Debates and Conspiracy Theories




UFO expert Scott Waring opens a very interesting debate about ancient Egypt after one of NASA’s photos of Mars showed what looked like an ancient Egyptian sarcophagus.

This won’t be the first time to spot an object that looks exactly like ones that date back to ancient Egypt, as this coincides with a previous discovery of an object that resembled the head of an Egyptian statue on the Red Planet.

Conspiracy theorist Scott C Waring claims that this strange rock is actually an Ancient Egyptian sarcophagus.

Scott used photo-editing tools to color the object, which he spotted in a Nasa photo of the red planet. 

This discovery led Scott to start questioning where ancient Egyptians really came from? He is backing up his theory with the claim that Egypt is quite similar to Mars in both the weather and appearance, so it would make perfect sense for them to move from Mars to Egypt.

“I’ve got an interesting discovery on Mars that is going to rock archaeology,” Scott said in a YouTube video about the find.

“There is an Ancient Egyptian tomb of sorts carved into the side of this mountain on Mars.

“Are ancient Egyptians from Mars? Did they then move to Egypt? Egypt is very similar in appearance and weather to that of Mars. No other place on Earth looks much like Mars.”

“So if this is true, it totally explains why such amazing pyramids are built way out in the middle of nowhere,” he added. “It’s because it was the closest home that they could come.”

What does this mean for us? Does it mean that our ancestors are actually aliens? Does this mean WE are actually aliens who belong in outer space and not here on Earth?

Well, none of these questions can be answered as Waring’s claims are not yet backed up by scientific evidence. So far, space scientists and astronomers didn’t find any trace or signs that there was once a life on Mars.


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National Cancer Institute to Resume its Operations After Eid




Chairman Hatem Abou El Kassem announced that the National Cancer Institute will resume its full operation after Eid El-Adha. 

The institute is currently working at half capacity only and patients are being treated at clinics, radiotherapy and chemotherapy units.

The restoration works began shortly after the unfortunate explosion that hit the building on August 4th. The place saw generous donations from prominent and public figures which certainly helped withe restoration process.

On August 5th, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Sheikh Mohammed bin Zayed Al-Nahyan donated 50M EGP to help fund the restoration works of the National Cancer Institute.

Our very own Mo Salah also made a generous donation of 3 million dollars!

The incident caused severe damage to the facilities and patients were promptly transferred to other hospitals.


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