Offshore companies, fast food investments and common Arab interests

According to the Wealth Chain Project report, more than 138,000 residential and commercial properties in  England and Wales are owned by offshore companies. In London alone, their property is worth £55 billion. The UK government intends to tighten transparency rules on property held by offshore companies, which is used to launder money in the UK. The Wealth Chain Project report highlights the impact of investment through offshore tax havens on the country’s socioeconomic inequality.

US fast food chains are investing in the UK market, as after the pandemic, there are many empty premises left in good locations. Popeyes intends to open new restaurants within 10 years and have a total of 350 restaurants, including those already in operation, while Wendy’s will open a total of 35 restaurants by the end of this year. The Carl’s Jr and Taco Bell chains will also launch new branches. The UK will become even more attractive to US fast food if the government changes around 1,500 food regulations. Currently, brands from overseas have to substitute ingredients in their food offerings to avoid breaking UK regulations.

Since 2021, after years of rivalry, Qatar and a group of Gulf states led by Saudi Arabia and the United Arab Emirates have begun to invest in each other’s country. The Saudi Public Investment Fund (PIF) is currently reviewing a bid (worth up to US$5 billion) for Qatar’s Ooredoo QSC’s telecoms towers.  PIF is also considering an investment in Qatar’s beIN Media Group, and Saudi National Bank is a recent investor in Credit Suisse Group, where the Qatar Investment Authority is already present.

Read also
Internet “time bank” and IMF activities in Suriname
TimeRepublik is a bartering website described as “the internet age time bank”. Instead of money, you pay with time credits for the work done. The credits can then be used to get the service from another person without financial payments. The idea of this “time bank” was born in Switzerland in 2012, and in recent […]
The ways of Norway, Australia and Egypt help those in need in times of crisis
Despite soaring inflation, Norway plans to increase spending on its $1.4 trillion sovereign wealth fund to protect social services. Therefore, the Norwegian government, led by the Labor Party, will increase the so-called non-oil structural fiscal deficit to $36 billion. Increased disbursements from the fund will mainly be used to increase spending on social security and […]
Problems with recycling solar panels and wind resistance of turbines
Where do used solar panels end? Due to the expensive and underdeveloped recycling process, they go straight to landfills. According to the forecasts of the International Renewable Energy Agency (IRENA), the amount of waste from photovoltaics may amount to 78 million tonnes by 2050, provided that customers use their panels throughout the entire 30-year life […]
Forgotten African Conflicts: Ambazonia and Somaliland
Since February this year, the crisis in Somaliland has already displaced more than 200,000 people. In Laas Caanood, there is fighting between Somaliland forces and the local militia of the Dhulbahante clan. The disputed town is located between Somaliland and Puntland, a nearby semi-autonomous region in northeastern Somalia. Somaliland is a self-governing democracy unrecognized by […]
Women and failures are the best ways to conquer space
Human expeditions to Mars and other planets will be extremely resource-intensive, and the food and other materials required to support the crew for many years will become a decisive factor in the mission’s success. Therefore, according to a study by the European Space Agency, future crews may only consist of women because they are more […]
Previous issues
By clicking "Subscribe", I consent to the sending of the Outriders newsletter by Outriders Sp. not-for-profit Sp. z o.o. and I accept the terms .
Sign up