🇪🇬 Egyptian delivery app raises $50m

In a week when everywhere from Times Square in NYC to London Fashion Week had an iftar moment, and the athan was even called in Manchester United’s stadium, Musletter tried a new Ramadan workout program, then remembered it doesn’t exercise even outside Ramadan, so just took a nice Asr-to-Maghrib nap instead.

Here’s what we have for you in this edition:

Plus: Our weekly recommendations on what to read, watch, and buy!

Let’s jump right in!

🇶🇦 Qatar residency through property ownership: Qatar has brought in some new incentives for foreign investors who want to own property in the country and get the added benefit of residency. There are a couple of options, let’s break it down: Either you buy a property worth $200,000, which grants residency tied to property ownership, or you splash out a cool $1 million on a place which could also qualify you for permanent residency with all that goes with it – access to healthcare, education, and all that good stuff. There are freehold and leasehold options in 25 designated zones, and the whole admin side of things has been updated too, with a one-stop system to reduce headaches.

🇴🇲 World notices Oman’s high quality of life: Oman is not so much climbing as flying up the ranks in Numbeo’s 2026 Quality of Life Index. The country is now first in Asia and fourth in the world. Numbeo was looking at the cost of living, housing affordability, safety, pollution, climate, quality of healthcare, and even traffic commute times. It’s just downright liveable. And not too shabby for a country that only started getting ranked six years ago. Where did this all come from? The plan. You know, those Gulf plans everyone has, in this case, Oman Vision 2040, with its focus on diversifying the economy and boosting social welfare and sustainability. Can it reach #1? It probably has a plan.

🇪🇬 The ‘pocket supermarket’ gets funded: Breadfast is an Egyptian e-commerce startup that began delivering fresh bread and later expanded into same-day delivery of groceries, meals, beauty, pharmacy, and even trips and getaways – all payable in Egyptian pounds, removing the need for foreign currency. Right now, the Cairo-based company is on a roll and just raised $50 million in a pre-Series C funding round with backers including Mubadala, Olayan Financing, Y Combinator, and others. Breadfast has been valued at around $400 million, but H1 2026 will likely bring a larger funding round with ambitions to expand into North and West African markets – and a possible IPO in the future.

🇮🇩 🤝 🇦🇺 Indonesia defense partnership: Australia and Indonesia have signed a new security agreement aimed at strengthening defense ties and promoting stability in the Indo-Pacific region. In other words, both countries are trying to find new partners – or strengthen existing partnerships – in the current climate. (The ‘current climate’ being a euphemism for … well, you know). Aside from what is going on in the U.S., it’s also a move by both countries to limit China’s influence in the region. There are also plans for joint investment through Indonesia’s sovereign wealth funds and to expand collaboration in critical minerals.

🇸🇦 AI impacts KSA private capital: Saudi Venture Capital Company has launched Aian, which is an AI platform designed to strengthen the country’s private capital ecosystem. It’s going to improve market intelligence and data quality and will integrate the organisation’s portfolio data with external market sources. The end result will offer investors a much more transparent view, with structured insights on investment trends and sector development. Sitting under the Vision 2030 economic diversification strategy, the goal is to position the country as a major center for private capital.

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