Saudi Arabia restores its key East-West oil pipeline, with flows reaching 3.5 million barrels a day and returning to half capacity, as hopes for a US-Iran deal fade. Tehran is pessimistic about an agreement before the US midterms, while Hormuz talks stall and oil prices rise.
Global bonds remain in focus as higher oil prices fuel inflation concerns. Treasuries stabilize after the recent selloff, while Japan’s 40-year bond sale sees its strongest demand since 2020. Australia’s central bank raises its cash rate by 25 basis points to 4.60% and signals further increases if needed.
The UAE says Prime Minister Benjamin Netanyahu and UAE officials discussed bilateral relations and ways to strengthen ties.
AI takes center stage as Nvidia unveils a new security system designed to prevent AI agents from going awry, saying its tools could have helped prevent the Hugging Face breach. AMD CEO Lisa Su speaks exclusively to Bloomberg about AI technology and safety, as AMD agrees to buy AI startup World Labs for $8.2 billion.
OpenAI scraps the debut of its Astra model over safety risks ahead of major Dev Day announcements and a keynote from Sam Altman. Lockheed Martin’s CEO says AI is “really critical,” while Anthropic plans major cloud spending, Meta hires MongoDB’s CEO for its enterprise AI unit, and China restricts travel for families of top AI talent.
Brookfield highlights what it calls a “miracle” of Middle East growth over the past 25 years and raises $2 billion for a PIF-backed regional fund. Goldman Sachs’ board has discussed potentially naming John Waldron CEO as early as 2027, while President Recep Tayyip Erdogan moves to strengthen Turkey’s fund market.
President Donald Trump criticizes the UK’s move to release airbase suspects. South Africa and Zimbabwe hold talks over a proposed $500 million dam with 430 million cubic meters of storage capacity that could help supply an industrial hub in South Africa’s Limpopo province. Dangote is set to halt construction at its refinery.
SpaceX’s Starship reaches orbit in a major test and deploys all its satellites, though one of its six engines cuts out early. Guests includes Mehvish Ayub, Bank of Singapore Solutions Advisory Dubai Head and Jad Ellawn, Brookfield Managing Partner & Middle East Regional Head.
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
00:04:56 – Hormuz Talks Stall as US, Iran Hold Firm
00:08:10 – Mehvish Ayub, Bank of Singapore Solutions Advisory Dubai Head
00:14:17 – Lisa Su, AMD CEO
00:16:30 – Nvidia Debuts New AI Security System
00:19:54 – Jim Taiclet, Lockheed Martin CEO
00:28:35 – Jad Ellawn, Brookfield Managing Partner & Middle East Regional Head
00:37:45 – South Africa, Zimbabwe in Talks Over $500M Dam Project
00:41:50 – Starship Reaches Orbit for First Time
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