Oil slips as hopes for Iran diplomacy improve. Tehran says Hormuz talks remain on track and has floated a two-day reopening plan, while Gulf states continue pushing for a deal. Iran also warns it is prepared for a broader response if attacked.
US midterm politics remain in focus, with Trump saying he could become “Mr. Veto” if Democrats win. Early voting shows stronger Democratic turnout, while Republicans face pressure from Trump’s approval ratings and Democrats continue to wrestle with internal divisions.
In the UAE, OpenAI signs new agreements with local companies as Sam Altman meets Abu Dhabi’s crown prince. Aramco also closes a $2.6 billion deal with Saudi PIF to acquire a stake in Humain.
Paul Donovan of UBS says long-term structural trends matter more than short-term volatility and sees shifting global capital flows supporting the UAE. Oaktree’s Howard Marks says the current AI cycle is unlike anything he has seen.
Technology remains active: OpenAI reportedly cuts its latest fundraising target by $10 billion, DeepSeek launches a coding agent aimed at Anthropic, and Foxconn says AI demand remains exceptionally strong.
Binance reports $3.6 billion in outflows following the cyber theft, while the FBI blames North Korea for the wider $6 billion hack.
Elsewhere, protests in Germany focus on affordability, Indians rally over voter-roll changes, OPay pauses its IPO amid regulatory questions, South Africa awaits a US decision on AGOA eligibility, Russia halts recruitment of Ghanaians for the Ukraine war, and a Kenyan tribunal dismisses a case linked to Dangote’s refinery. Guests include Paul Donovan, UBS Global Wealth Management Chief Economist.
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
00:05:08 – Anwar Gargash, UAE Presidential Diplomatic Adviser
00:06:08 – Iran Says Hormuz Talks Remain on Track
00:09:38 – Oil Pulls Back on Hopes for Iran Diplomacy
00:12:43 – US Midterm Election Battle
00:16:06 – Paul Donovan, UBS Global Wealth Management Chief Economist
00:28:21 – Howard Marks, Oaktree Capital Management Co-Chair
00:33:18 – Binance Restores Withdrawals
00:37:42 – Young Liu, Foxconn Chairman
00:41:18 – OPay Halts IPO to Address Regulatory Inquiry
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
