Riyadh’s King Khalid International Airport is hit again following a deadly Houthi strike that injured hundreds. The attacks come ahead of major conferences, while the US State Department urges extreme caution when using Saudi airports as fears of a wider conflict grow.
Stock and bond futures advance as oil declines after Donald Trump claims a Russia-Ukraine energy ceasefire is in effect. The Nasdaq records a fourth consecutive weekly gain as AI bubble concerns ease. Investors await September US inflation figures, with higher fuel prices expected to lift headline inflation and markets anticipating a 25-basis-point Fed rate increase in December.
The week’s economic agenda includes the IMF-World Bank meetings, Singapore’s monetary policy decision and China’s September inflation and trade figures.
The International Energy Agency calls on members to consider additional diesel releases as supplies tighten. Goldman Sachs raises its December Brent forecast to $90 a barrel, citing Middle East supply risks.
Microsoft’s Satya Nadella calls for an “emergency brake” on advanced AI systems. Amazon is reportedly in talks to acquire AI startup Decart, while Nvidia is said to be discussing a deeper deal with Reflection AI. Apple’s Asian suppliers fall following an order-cut report, while Alibaba rises on reports of plans for an AI agent to rival Meta’s Muse.
In our interview, MAGNiTT’s CEO examines a narrowing Middle East and North Africa venture market, increasingly concentrated capital and a 32% year-on-year funding decline excluding mega-rounds. We also look at Senegal’s looming debt repayments and the challenge they pose to the G20’s debt-restructuring framework.
Elsewhere, leaders of India’s “Cockroach” protest movement are released after their arrests. Japan expresses deep concern over US sanctions against the International Criminal Court, while Polish authorities arrest a suspect over an alleged plot targeting the prime minister.
We also look ahead to the Bloomberg New Economy Forum, which opens tomorrow in New Delhi. Guests includes Ayesha Tariq, MacroVisor Co-Founder, Bob McNally, Rapidan Energy Group Founder & President, Former White House Energy Adviser, Angela Wilkinson, World Energy Council Secretary General & CEO and Philip Bahoshy, MAGNiTT Founder & CEO.
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
00:02:40 – Saudi Airport Hit Again Ahead of Major Conferences
00:07:41 – Ayesha Tariq, MacroVisor Co-Founder
00:14:13 – Bob McNally, Rapidan Energy Group Founder & President, Former White House Energy Adviser
00:27:34 – Angela Wilkinson, World Energy Council Secretary General & CEO
00:33:29 – Philip Bahoshy, MAGNiTT Founder & CEO
00:39:24 – Global Debt Toolkit Faces Fresh Test in Senegal
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