Asian stocks rally after Fed Chair Jay Powell signals an interest-rate cut could come as soon as next month, despite divisions among policymakers over challenges in inflation and the jobs market. The US government takes a near 10% stake in Intel, worth 8-point-9 BILLION dollars, in a bid to reinvigorate the beleaguered company and boost domestic chipmaking. Saudi Arabia’s winter dreams on thin ice as Riyadh and Asia’s Olympic Council look to alternatives for 2029’s planned Asian Winter Games amid construction challenges. Guests include: Sonali Rawal, Anand Rathi Wealth, International Business Head; and Tim Callen, Arab Gulf States Institute, Visiting Fellow and former IMF Mission Chief to Saudi Arabia.
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
00:03:55 – Powell opens door to rate cut
00:07:44 – Sonali Rawal, Anand Rathi Wealth, International Business Head
00:15:35 – US takes nearly 10% stake in Intel
00:20:05 – Bullard backs 100bps of cuts in 2025
00:26:49 – Tim Callen, Arab Gulf States Institute, Visiting Fellow and former IMF Mission Chief to Saudi Arabia
00:34:32 – More ESG funds are investing in nuclear weapons
00:38:51 – Africa earnings week ahead
00:42:31 – Russia’s push to recruit South African women triggers probe
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