In today’s episode, we discuss the official arrival of Starlink in Kuwait through a strategic local partnership. We also look at the rapid recovery of oil operations at the UAE’s Fujairah port following a weekend incident, and finally, we examine the growing backlash against online platforms allowing massive financial bets on the Iran war.

This episode covers Talabat’s share buyback on the DFM, Yalla Group’s record revenue, and why global banks are rescheduling major UAE events. All the essential business updates in one place.

HEADLINES:

• UAE Economic Momentum Challenges Goldman Sachs’ 5% Contraction Warning

• DHL Pushes $577M Middle East Investment Despite Iran Attacks

• Jordanian-American Amjad Masad's Replit Raises $400M at $9B valuation

• UAE Hiring Slows Slightly but Job Market Remains Resilient: Recruitment Startup Founder

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HEADLINES:

• Iranian Drones Strike Oman's Strategic Port; Oil Markets Surge Past $100

• Middle East War Costs Tourism Industry $600 Million a Day

• Major International Banks Move to Remote Work Settings in Gulf Offices

• “My Priority Is the Safety of Our People,” Says ADNOC CEO Sultan Ahmed Al Jaber

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Smashi Business Show (Mon-Friday): https://aug.us/3BTU2MY

HEADLINES:

• Saudi Aramco CEO warns of “catastrophic” fallout if oil disruption persists

• Abu Dhabi's Ruwais oil refinery complex shut down after fire breaks out

• Saudi is in negotiations with Ukraine to buy Million of Dollars worth of Ukrainian-made interceptor drones: WSJ

• Azizi Developments plans to invest Dh75 billion to build 151 hotels across the UAE

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Smashi Business Show (Mon-Friday): https://aug.us/3BTU2MY

HEADLINES:

• Saudi Aramco Announces $3B Share Buyback Despite Profit Dip

• Kuwait and Bahrain Declare Force Majeure as Conflict Disrupts Gulf Energy Supply

• Gulf Sovereign Wealth Funds Could Expand Global Influence Amid Crisis: GlobalSWF

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Smashi Business Show (Mon-Friday): https://aug.us/3BTU2MY

HEADLINES:

• Oil is rising as everything else is falling everywhere

• ADNOC says its operations continue despite disruptions to shipping through the Strait of Hormuz

• Businesses across the Gulf are rushing to buy political violence insurance, per FT

Newsletter: https://aug.us/4jqModr

WhatsApp: https://aug.us/40FdYLU

Instagram: https://aug.us/4ihltzQ

Tiktok: https://aug.us/4lnV0D8

Smashi Business Show (Mon-Friday): https://aug.us/3BTU2MY

HEADLINES:

• Gulf States Review Global Investments as War Strains Budgets: FT Report

• UAE Weighs Freezing Iranian Assets as Conflict With Tehran Escalates

• David Ellison Pledges CNN Editorial Independence as Gulf-backed Paramount Wins $111B Warner Bros. Deal

Newsletter: https://aug.us/4jqModr

WhatsApp: https://aug.us/40FdYLU

Instagram: https://aug.us/4ihltzQ

Tiktok: https://aug.us/4lnV0D8

Smashi Business Show (Mon-Friday): https://aug.us/3BTU2MY