Saudi Backed Lucid Shakeup, Qatar Pursues Byju Founder and Emaar $54bn Mega Project Takes Shape

Saudi's $135M Hijaz Eye, Iran-Qatar Trade & OSN's Anghami Buyout

HEADLINES: • Saudi Arabia Seeks Private Investors For Medina’s $135 Million Hijaz Eye Project  • Iran, Qatar Resume Maritime Trade After Five-Month Suspension  • OSN Moves To Take Anghami Private With $3.39-Per-Share Offer

Fanatics Enters Abu Dhabi, Tabby’s New SAMA Licences, and OSN’s Move to Take Anghami Private

In this episode of the Smashi Business Show, we analyze Michael Rubin’s Fanatics making its first international bet via a joint venture with Abu Dhabi's Momentum Group. We then dive into Saudi Arabia's fintech boom as Tabby secures crucial consumer and SME finance licences from SAMA. Finally, we break down OSN Streaming's preliminary cash proposal to acquire all remaining shares of Anghami in a major take-private transaction.

Saudi Backed Lucid Shakeup, Qatar Pursues Byju Founder and Emaar $54bn Mega Project Takes Shape

Saudi backed Lucid Motors continues its executive overhaul under new CEO Silvio Napoli, Qatar Investment Authority doubles down on its legal battle with Byju founder Byju Raveendran, and reports suggest Emaar's long awaited AED200 billion mega development could finally be unveiled as Dubai Estate. Plus, why these stories reflect a broader shift in how Gulf investors are protecting capital and shaping the region's future.

$11.5B Adani-UAE Deal, $7B JPMorgan Funding & FIFA World Cup Ads

HEADLINES: • Kalshi Just Joined FIFA World Cup Ads After ADI Predictstreet Deal at a Discount  • Qatari Syrian Billionaires Just Secured $7 Billion From JPMorgan and Gulf Banks  • Adani Group and Abu Dhabi IHC Just Announced an $11.5 Billion India Mega Project   Newsletter: https://aug.us/4jqModr [https://aug.us/4jqModr] WhatsApp: https://aug.us/40FdYLU [https://aug.us/40FdYLU] Instagram: https://aug.us/4ihltzQ [https://aug.us/4ihltzQ] Tiktok: https://aug.us/4lnV0D8 [https://aug.us/4lnV0D8] Smashi Business Show (Mon-Friday): https://aug.us/3BTU2MY

MGX AI Fund, Prada and Saint Levant, Gulf Sovereign Wealth Funds

HEADLINES: • Abu Dhabi AI Giant MGX Just Closed a $49 Billion Fund  • Dubai Beauty Billionaire Huda Kattan Backs Saint Levant After Prada Appointment • Gulf Sovereign Wealth Funds Just Had Their Biggest Ever First Half   Newsletter: https://aug.us/4jqModr [https://aug.us/4jqModr] WhatsApp: https://aug.us/40FdYLU [https://aug.us/40FdYLU] Instagram: https://aug.us/4ihltzQ [https://aug.us/4ihltzQ] Tiktok: https://aug.us/4lnV0D8 [https://aug.us/4lnV0D8] Smashi Business Show (Mon-Friday): https://aug.us/3BTU2MY