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

Lucid Bankruptcy Claims; Abu Dhabi $300B Fund; Hormuz Fee

HEADLINES: • Saudi PIF-Backed Lucid Denies Bankruptcy Report, Issues Cease-and-Desist • Abu Dhabi Revamps $300 Billion L'imad Fund to Drive Global Dealmaking • Trump Drops 20% Fee for Hormuz Cargo After Gulf Pressure

Iran Hormuz Attack, Dubai Port & Egypt World Cup Bonus

HEADLINES: • Iranian missiles strike 2 UAE tankers in Hormuz, killing one crew member: MOD • Dubai plans new port to bypass Strait of Hormuz•  Naguib Sawiris Rewards Egypt World Cup Squad With EGP 1M Each 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

Strait of Hormuz Tensions, UAE Investment & Yusuff Ali

HEADLINES: • Ships Cross Strait of Hormuz in Secret as US-Iran Conflict Escalates • Abu Dhabi Investment Council Reportedly Commits $1 Billion to Deem Global • UAE Billionaire Yusuff Ali Pays Tribute to Qatar’s Late Father Emir Sheikh Hamad bin Khalifa Al Thani 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

Qatar Blocks VW-Israel Deal, US-Iran Escalation in the Gulf, and Iraq’s OPEC Stance

In this episode of the Smashi Business Show, we investigate Qatar's sovereign wealth fund vetoing a Volkswagen defense joint venture with Israel's Rafael. We then analyze the severe military escalation in the Gulf as US and Iranian forces exchange missile strikes following the closure of the Strait of Hormuz. Finally, we look at global energy markets as Iraq's Prime Minister clarifies Baghdad's stance on remaining within OPEC while pushing for a fair production quota.

Record UAE Oil, e&'s Vodafone Exit, US AI Chip Deal & Egypt's World Cup Reward

On today's episode of The Smashi Business Show, Abdul Majid Awan breaks down the biggest stories shaping the UAE and the region. Abu Dhabi's oil production hits a record 4.1 million barrels per day following its OPEC exit, while telecom giant e& sends its shares soaring after offloading its $5.95 billion Vodafone stake. The US eases export restrictions, unlocking access to advanced AI chips for Emirati firms, cementing the UAE's AI ambitions. Plus, Dubai billionaire Khalaf Al Habtoor rewards Egypt's national football team with Mitsubishi cars after their historic World Cup run. Business, tech, energy, and sport — all in one show.