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Egyptian Billionaire Naguib Sawiris’ Luxury Yacht Spotted In Malta

Egyptian Billionaire Naguib Sawiris' Luxury Yacht Spotted In Malta
Jan 29 2025 Share

A luxury yacht owned by Egyptian billionaire Naguib Sawiris, valued at $73 million, was spotted off the coast of St. Julian’s, Malta, sparking curiosity among locals and yacht enthusiasts. 

Known for his vast business empire and ownership of Aston Villa FC, Sawiris is one of Egypt’s wealthiest individuals.

While it’s unclear if the billionaire was aboard the Yalla, the yacht’s arrival has drawn significant attention. 

The vessel was first spotted by a local TikTok user and quickly went viral on social media.

Malta, a hotspot for luxury yachts and affluent visitors, continues to attract global figures like Sawiris, further cementing its reputation as a prime Mediterranean destination.

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Champagne Sales Fizz Out Amid Economic Woes

Champagne Sales Fizz Out Amid Economic Woes
Jan 29 2025 Share

Champagne shipments worldwide took a significant hit in 2024, falling 9.2% to 271.4 million bottles. 

Economic uncertainties, inflation, and global political tensions have all contributed to a downturn in celebratory occasions, causing many consumers to rethink their spending on luxury items like Champagne.

In France, the heart of Champagne consumption, the market dropped 7.2%, while exports fared worse, declining 10.8%. The downturn was also reflected in the performance of LVMH, the luxury giant behind several Champagne brands, which reported a 15% dip in sales for the first half of the year.

The industry has also been impacted by weather challenges, including frost and excessive humidity, which damaged grape harvests and further complicated production. 

As consumer confidence remains low, the Champagne sector faces a tough road ahead.

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Study Warns Heat-Related Deaths In Malta Could Triple By 2095 Without Climate Action

Study Warns Heat-Related Deaths In Malta Could Triple By 2095 Without Climate Action
Jan 29 2025 Share

In 2023, Malta already saw 80 excess deaths due to heatwaves and power outages. A new study by ‘Nature Medicine’ warns that Malta could see heat-related deaths triple by 2095 if global warming continues unchecked. Under a worst-case 4°C rise, deaths could reach 269 per 100,000 people. 

The study highlights Mediterranean regions like Malta, Eastern Spain, and Southern France as especially vulnerable. Other European hotspots include Romania, Bulgaria, and Southern Germany.

However, Malta is projected to be the most affected country in Europe, with heat-related mortality rates more than double the Southern European average.

In response, PN MP Eve Borg Bonello said, “Heat-related deaths in Malta could triple if we fail to act on climate change. Extreme heat will impact vulnerable communities, yet the government is asleep at the wheel.” 

She criticised the lack of progress since the launch of the Climate Action Authority, adding, “Months later, we still have no idea what concrete action has come out of it, other than Malta dropping to 34th place in the Climate Performance Index.” 

Borg Bonello called for urgent action, stating, “It’s time for action, not excuses.”

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Malta Crowned World’s Best Diving Destination

Malta Crowned World's Best Diving Destination
Jan 29 2025 Share

Malta has been awarded the title of Best Diving Destination in the World at the prestigious boot Düsseldorf Dive Awards 2025, held on January 24.

The Maltese Islands stood out for their exceptional diving conditions, including diverse wreck sites and unique underwater experiences.

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The award was decided by a panel of expert judges, including editors from top diving publications like Divemaster, PLONGEZ!, TAUCHEN, and Taucher.net, along with input from the international diving community through public voting.

Competing in the Destination category, Malta outperformed its rivals with a strong diving infrastructure and opportunities for divers of all levels.

Malta’s year-round diving, stunning marine landscapes, and historical underwater sites make it a top choice for enthusiasts.

It boasts over 40 diving centres, two decompression chambers, and protected marine areas such as Ċirkewwa Marine Park. Sustainability is a key focus, with Blue Flag-certified beaches reinforcing Malta’s commitment to conservation.

Strong flight connections from Germany and excellent value for money further enhance its appeal. Malta Tourism Authority CEO Carlo Micallef emphasised the win as recognition of Malta’s dedication to marine conservation, tourism excellence, and ongoing investment in the diving industry.

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