Hormuz Closure Returns; UAE Royal Steers Iran Ties; Saudis Eye Newcastle Stake Sale

Saudi Spending Cuts, Atoms IPO Plans & MGX’s Billion-Dollar AI Bet

HEADLINES: • Saudi Pullback Hits BCG as PIF Cuts Consulting Spend  • Uber co-founder Kalanick’s Atoms eyes Saudi IPO as market waits for stability  • MGX explores multi-billion-dollar bid for Singapore’s DayOne   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

Proptech Rewards, Trade Shield Restructuring, and Travis Kalanick’s Saudi Ambitions

In this episode of the Smashi Business Show, we explore Dubizzle Group’s strategic investment in Tern, a pioneer in the UAE rental rewards landscape that brings flexible credit card payments to tenants. We then shift to a crucial sovereign update as the UAE restructures the board of Etihad Credit Insurance under Dr. Thani Al Zeyoudi to boost global export protections. Finally, we break down Uber co-founder Travis Kalanick’s plans to launch a Saudi IPO for his new AI and robotics venture, Atoms, despite a regional cooling in new public listings.

Hormuz Closure Returns; UAE Royal Steers Iran Ties; Saudis Eye Newcastle Stake Sale

Iran has once again declared the Strait of Hormuz closed as peace talks with the United States prepare to begin in Switzerland. We break down what the move means for global energy markets and why investors are watching shipping traffic closely.

Iran $6B Funds; Syria Gas Deal; Emirates–Etihad Insurance

HEADLINES: • Iran to get access to $6 billion of frozen funds held in Qatar to buy US goods: FT  • Syria signs deal with ConocoPhillips to revive gas production  • Emirates and Etihad now offer conflict insurance to lure tourists back   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

UAE Hormuz Strategy; Revolut UAE Launch; Telegram vs Reliance

HEADLINES: • UAE aims to cut dependency on Strait of Hormuz to 'zero'  • Revolut gets UAE Central Bank licences ahead of full launch  • Reliance and WhatsApp behind efforts to sabotage Telegram globally': CEO Pavel Durov    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