UAE delivers 10 aid convoys to Gaza

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The United Arab Emirates has sent ten humanitarian aid convoys to the Gaza Strip as part of its ongoing relief effort. This campaign, carried out under the "Gallant Knight 3" operation, seeks to offer critical food supplies, medical aid, and other requirements to Palestinians affected by the ongoing situation. Despite the challenges on the ground, the UAE's leadership has reaffirmed its commitment to humanitarian assistance, ensuring that relief reaches those in critical need. These convoys are part of a larger campaign to alleviate suffering in Gaza, where thousands of families are facing shortages of basic commodities. UAE relief teams, working in collaboration with international humanitarian groups, have been critical in ensuring the safe and efficient distribution of aid. Medical supplies and food packages have been prioritized, especially for children, the elderly, and the most vulnerable people affected by the disaster. The UAE has long been at the forefront of huma...
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Elon Musk, Mark Zuckerberg And Jeff Bezos Lose $60 Billion Of Their Wealth

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Elon Musk

The three richest businessmen lost their wealth by $60 billion in the first 6 months of 2022. Tesla founder Elon Musk's fortune fell by almost $62 billion, Amazon CEO Jeff Bezos' money fell by almost $63 billion, and Facebook co-founder Mark Zuckerberg's fortune fell by more than half in the first half of 2022.

According to the Bloomberg Billionaires Index, the world's 500 wealthiest people lost $1.4 trillion in the first half of 2022. This is the largest six-month decrease in the global billionaire class's history.

The reason for this drop in the wealth of billionaires is the Covid-19 pandemic. Actually, the index said that the governments and central banks unleashed unprecedented stimulus measures in the wake of the Covid-19 pandemic, which affected businesses.

Stock markets have faced some of their worst days this year due to the Russia-Ukraine conflict and rising inflation across the world. The government has also raised interest rates to battle rising inflation amid the Russia-Ukraine war, and the billionaires who hold stocks and highest-flying shares are rapidly losing their money. Investors have lost trillions of dollars in the stock market this year.

What happened to big tech companies?

Tesla Inc had its worst quarter ever in the three months ending June. Shares of Tesla sank to an 11-month low in May 2022. Musk lost a lot of money in the first 6 months of 2022. Despite losing more than $60 billion in wealth, he is the richest man in the world. According to Forbes, his wealth is around $203 billion.

Amazon’s Bezos is the second richest man in the world, with a $129.6 billion net worth. The index further ranked France’s richest person Bernard Arnault in the third position, with a $128.7 billion fortune. Bill Gates is the fourth richest man in the world, with $114.8 billion

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