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🚨 BREAKING: Revolut just posted $2.3 billion in profit. $6 billion revenue. 38% margins. Fifth consecutive year of profitability. 76% of neobanks still lose money. Revolut has 11 product lines each clearing $100M+ in annual revenue. - Subscriptions. - Cards. - FX. - Wealth. - Lending. - Business payments. They're a lot more than a card and an app, and very different to most US Neobanks They're a diversified financial services company that runs on a phone. --- The numbers underneath are worth digging into. - Credit portfolio doubled (+120%). - Customer balances hit $67.5bn (+66%). - Subscriptions grew 67% — their fastest revenue line. Revolut Business now does 16% of total income and grew 140%+ in Singapore, Australia, and the US. 63% of new customers still come through word of mouth. At 68 million customers. 1 in 5 working-age Europeans use it. --- The huge news of course is they're a BANK now. - The UK bank has been green lit. - Mexico live. - US national bank charter filed this month. 30+ banking licenses across 40 markets. --- Three years ago the debate was "can neobanks survive?" Revolut is becoming the most boring thing a fintech can become — boringly profitable, boringly diversified, boringly institutional. That's the highest compliment you can pay a bank. And yet, somehow with Revolut it's NEVER boring.

Because of the war, all the millionaires left Dubai, and it is now occupied by Indians. Probably more downside left for real estate

Hostilities in the Middle East have served as an unwelcome reminder that the region is not just crucial to the global supply of oil and gas, but a vital conduit for the world’s airline passengers econ.st/3PeUjRd

A lot of people don't know or appreciate how much studying, researching, networking or adjusting it takes to make a graphic like this. Thanks for making them, Ian.

💥 BREAKING: The Dubai Real Estate Index crashed 32% since the Iran war started.

BREAKING: Dubai real estate crashes 20% since last month.

Dubai Real Estate Index has literally printed the Burj Khalifa pattern

Dubai real estate bubble 🫧 burst 💥

🇦🇪 Dubai Real Estate Under Fire: Fitch forecasts up to a -15% correction

BREAKING : Dubai real estate prices have corrected by around 15% over the past five days

Patriot defense missiles are seen lighting up the sky over Doha, Qatar.

Qatar is to fully shut down its natural gas liquefaction, removing Qatar's natural gas exports from global energy markets. It would take two weeks to restart the process and an additional two weeks to reach full capacity. Follow: @AFpost

🚨BREAKING: QATAR TO SHUT NATURAL GAS LIQUEFACTION TODAY Qatar, the world’s 2nd largest LNG exporter, is set to fully shut down natural gas liquefaction today. Restarting will take 2 weeks. It will take another 2 weeks to reach full capacity.

IRAN COULD DISRUPT HORMUZ FOR MONTHS Iran could keep the Strait of Hormuz unstable for months using drones, even as its missile supplies face limits. Tehran has launched hundreds of missiles and over 1,000 drones, with the capacity to produce up to 10,000 drones monthly. While most attacks are intercepted, even limited strikes have slowed shipping through a route carrying about 20% of global energy supply. Energy markets are already reacting, with oil and gas prices surging. Analysts warn that even small, repeated attacks—or the potential use of sea mines—could prolong disruptions and keep global markets on edge.

$400,000,000,000 has been added to the US stock market today.

Qatar is completely shutting down its LNG liquefaction today. World’s number two 2 exporter of LNG here, this is a big deal. • AND once things settle down restart might take around 2 weeks, •Then 2 more weeks required to get back to full speed. NICE while gas prices 🔥

BREAKING War News: - Multiple US jets have crashed. - Iran has also struck a Saudi Aramco Oil facility. - Iran hit an Amazon Data center in the UAE. - Saudi officials accused US of abandoning Saudi Arabia & redirecting its air defense to protect Israel. “They left all the Gulf states that host American military bases at the mercy of Iranian strikes. "

WATCH: Moment Iranian drone hits the U.S. Consulate in Dubai

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