Amazon joins the big tech spend on AI, planning for $200B of investment into data centers, chips and equipment this year, sending shares plummeting in afterhours trade. Also on the show: Rio Tinto walks away from talks to acquire Glencore after failure to agree on valuation. And the US and Iran meet in Oman for key nuclear talks. Guests include: Deepak Mehra from Commercial Bank of Dubai; and RANE’s Ryan Bole.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:05:30 – Amazon shares fall after $200B AI spending pledge
00:09:14 – Deepak Mehra, Commercial Bank of Dubai, Chief Economist
00:17:04 – Rio Tinto walks away from Glencore mega merger
00:19:39 – Saudi Arabia cuts oil price for Asia in signs of surplus
00:27:39 – Ryan Bohl, RANE, Senior Middle East & North Africa Analyst
00:33:39 – Bloomberg Economics: US strike on Iran likely, but oil spike not lasting
00:37:38 – Japan to hold snap election on Sunday
00:42:01 – Cape Town plans tax hikes targeting Airbnb, Booking.com
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