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    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

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    OPay obtains approval of Egypt’s CBE to issue prepaid cards

    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

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    Cross River Bank gets USD3 Billion+ valuation and a crypto-first strategy

    Digital voice-based banking to become the new reality in 2022?

    Digital voice-based banking to become the new reality in 2022?

    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

    Al Salam acquires Ithmaar Bank for USD2.2 Billion to power Consumer Banking division

    Al Salam acquires Ithmaar Bank for USD2.2 Billion to power Consumer Banking division

    An Ode to the 5 Arab Women Reigning the Business World

    An Ode to the 5 Arab Women Reigning the Business World

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    Pakistan's 1st fintech M&A deal: ZoodPay acquires Tez Financial Services

    Pakistan’s 1st fintech M&A deal: ZoodPay acquires Tez Financial Services

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    Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket

    In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket

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    Ather Energy raises USD128 million in series-E funding

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    Malaysia may cut palm oil export tax by 50 percent amid global supply crisis

    UK’s Morrisons to buy McColl’s ahead of Asda owners

    UK’s Morrisons wins race to buy McColl’s ahead of Asda owners

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    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

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    Brazil mills cancel new sugar export contracts, shift output to ethanol

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    World’s No.2 producer of wheat, India, bans wheat exports in new move

    Australian stocks fall lower amidst worldwide sell-off; ASX 200 witnesses AUD 50 billion incineration

    Australian stocks fall lower amidst worldwide sell-off; ASX 200 witnesses AUD 50 billion incineration

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

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    Germany changes stance: Could back new and immediate EU ban on Russian oil

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    Russia attacks Ukraine grain network in new bid to cut competition

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    Crisis talks in EU after Russia cuts gas to 2 member countries

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    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

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    In 2022, Abu Dhabi real estate records a new boom with an influx of international investors

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    Stellantis sees India as profitable auto market amid challenges in China, Russia in 2022

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    New EdTech startup STEMuli raises USD3.25M to transform learning with Educational Metaverse

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    Modern Indian architecture creating heat waves in 21st century

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    Vodafone shares up after USD 4.4 billion UAE stake buy

    Ather Energy raises USD128 million in series-E funding

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    Leaked: Spain to Reveal Draft Bill for Menstrual Leaves to the Cabinet in May 2022

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    For 2022, BT and Warner Bros Discovery jointly create new pay-TV sport business

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    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

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    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

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    Greek Tourism in new partnership with Qatar Airways, Wego for tourism in 2022

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    Saudi government likely to add to its USD500 billion NEOM commitment

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    Deutsche Hospitality unveils big Middle East expansion plans for 2022

    UK’s Morrisons to buy McColl’s ahead of Asda owners

    UK’s Morrisons wins race to buy McColl’s ahead of Asda owners

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    Lufthansa and TripActions launch New Travel Platform for SMEs in 2022

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    Beema Insurance - Fastest Growing InsurTech Company

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    The Internet – Are We Safe in the 21st Century?

    An Ode to the 5 Arab Women Reigning the Business World

    An Ode to the 5 Arab Women Reigning the Business World

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    Nine women entrepreneurs at the helm of crypto success in 2022

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    Meta for MENA; SMEs receive boost in 2022

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    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

    OPay obtains approval of Egypt's CBE to issue prepaid cards

    OPay obtains approval of Egypt’s CBE to issue prepaid cards

    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

    Cross River Bank gets USD3 Billion+ valuation and a crypto-first strategy

    Cross River Bank gets USD3 Billion+ valuation and a crypto-first strategy

    Digital voice-based banking to become the new reality in 2022?

    Digital voice-based banking to become the new reality in 2022?

    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

    Al Salam acquires Ithmaar Bank for USD2.2 Billion to power Consumer Banking division

    Al Salam acquires Ithmaar Bank for USD2.2 Billion to power Consumer Banking division

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    An Ode to the 5 Arab Women Reigning the Business World

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    Pakistan's 1st fintech M&A deal: ZoodPay acquires Tez Financial Services

    Pakistan’s 1st fintech M&A deal: ZoodPay acquires Tez Financial Services

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    Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket

    In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Ather Energy raises USD128 million in series-E funding

    Ather Energy raises USD128 million in series-E funding

    Malaysia may cut palm oil export tax by 50 percent amid global supply crisis

    Malaysia may cut palm oil export tax by 50 percent amid global supply crisis

    UK’s Morrisons to buy McColl’s ahead of Asda owners

    UK’s Morrisons wins race to buy McColl’s ahead of Asda owners

  • Markets
    • All
    • Brokerage
    • Energy
    • Forex
    • Ultility
    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

    Brazil mills cancel new sugar export contracts, shift output to ethanol

    Brazil mills cancel new sugar export contracts, shift output to ethanol

    World’s No.2 producer of wheat, India, bans wheat exports in new move

    World’s No.2 producer of wheat, India, bans wheat exports in new move

    Australian stocks fall lower amidst worldwide sell-off; ASX 200 witnesses AUD 50 billion incineration

    Australian stocks fall lower amidst worldwide sell-off; ASX 200 witnesses AUD 50 billion incineration

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    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

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    Germany changes stance: Could back new and immediate EU ban on Russian oil

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    Russia attacks Ukraine grain network in new bid to cut competition

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    Crisis talks in EU after Russia cuts gas to 2 member countries

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    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

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    In 2022, Abu Dhabi real estate records a new boom with an influx of international investors

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    Stellantis sees India as profitable auto market amid challenges in China, Russia in 2022

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    New EdTech startup STEMuli raises USD3.25M to transform learning with Educational Metaverse

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    For 2022, BT and Warner Bros Discovery jointly create new pay-TV sport business

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    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

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    Greek Tourism in new partnership with Qatar Airways, Wego for tourism in 2022

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Jeff Bezos’ historic trip to space aboard his rocket ship New Shepard

Jeff Bezos, the ex-chief executive of Amazon, the e-commerce giant, went to space aboard the New Shepard rocket ship

The Global Economics by The Global Economics
July 23, 2021
in Transportation, Logistics, Technology, Top Stories, Tourism
Reading Time: 2 mins read
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Jeff Bezos’ historic trip to space aboard his rocket ship New Shepard

Jeff Bezos’ historic trip to space aboard his rocket ship New Shepard

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Jeff Bezos, the ex-chief executive of Amazon, the e-commerce giant, went to space aboard the New Shepard rocket ship. The rocket rose more than 65 miles into the sky in a spacecraft built by Mr. Bezos’ rocket company, Blue Origin. The rocket ship reached a maximum altitude of around 107km and then descended to a spot in the West Texas desert.

Mr. Jeff Bezos, accompanied by his brother Mark Bezos, a senior vice president at Robin Hood, a charity based in New York, completed the epic journey to space. Wally Funk, an 82-year-old pioneer of the space race, and Oliver Daemen, an 18-year-old student, were the other crew members on this historic ride. In the 1960s, Ms. Wally Funk was one of the members of a group of women named Mercury 13. Though these women underwent the same screening tests as their male counterparts, they never got the opportunity to fly under the US national space program. It is reported that Blue Origin held a public auction for a seat on its first flight with Mr. Bezos, which went for $28 million.

Last week, Richard Branson, the British entrepreneur, flew in a rocket plane from his company Virgin Galactic and beat Mr. Bezos to space.

Jeff Bezos recently resigned as chief executive of Amazon as he wished to concentrate on his other ventures, including his company Blue Origin. Mr. Bezos announced in 2017 that to fund his space venture, he would sell $1 billion of Amazon stock a year. Blue Origin has already pursued business opportunities, such as launching satellites for the Department of Defense and attempting to win contracts for a moon lander for NASA astronauts.

Blue Origin, founded by Mr. Bezos more than 20 years ago, is thought to be a more significant contender in the future space economy. Mr. Bezos has a vision of humanity’s future influenced by Gerard K. O’Neill, a Princeton physicist who proposed in the 1970s that mega cylinder-shaped space colonies would support more industry and people than are possible on Earth.

Tags: AmazonHomeServicesBlueOriginBritish Telecomentrepreneurjeffbezosmarkbezosmercury13newshepardRichardBransonspacetourismvirgingalacticwesttexas
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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Pakistan’s 1st fintech M&A deal: ZoodPay acquires Tez Financial Services

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