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19.12.25 - 02:09
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Did Abu Dhabi Just Deliver A Santa Rally: OpenAI To Raise $100BN From Sovereign Wealth Funds (ZeroHedge)
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Did Abu Dhabi Just Deliver A Santa Rally: OpenAI To Raise $100BN From Sovereign Wealth Funds
While the broader stock market has meandered both higher and lower in the subsequent two months, the Mag 7 trade peaked on Oct 31 and has been drifting sideways - and lower - ever since.
What happened on that date? That was the day of the infamous All Things podcast, in which Brad Gerstner (an OpenAi investor) pointed out that the emperor is, indeed, naked and asked Sam Altman how a company with $13BN in revenue can afford $1.4 Trillion in commitments. Altman's non-reply? “Happy to find a buyer for your shares.” Translation: No answer... and how could Sam possibly answer: after all there is no way on earth that OpenAI could ever grow into its future obligations absent a miracle, an act of God... or uncle Sam.
A few days later, Altman delivered a far more troubling answer, and one which connected the mathematical dots for everyone, when it was reported that OpenAI was seeking a government guarante...
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18.12.25 - 09:01
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Boukris: Hope for TV Adaptation of Dubai Based Musical (Bloomberg)
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The first major original musical created and produced in the Middle East begins its run December 19. 'Once Upon a Time in Dubai' will be an attempt to explain expat life in the UAE. The show's Producer Stéphane Boukris spoke to Bloomberg's Jennifer Zabasajja on Horizons Middle East and Africa about the show as well as its plans for the future. (Source: Bloomberg)...
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17.12.25 - 16:00
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Dubai′s ′rockstar architect′: Meet Muhammad Binghatti, man behind world′s most iconic buildings (Times of India)
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Muhammad Binghatti has recast Dubai real estate through architecture-led branding, fusing design authorship with commercial control. A trained architect and chairman of Binghatti Holding, he transformed a family business into a recognisable luxury brand, delivering record-breaking sales and landmark projects. His approach treats buildings as cultural objects, not commodities, reshaping how property is built, sold, and recognised....
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15.12.25 - 07:42
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Orellana-Hyder: UAE Cost of Living Not Deterring Move (Bloomberg)
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The influx of global banks and hedge funds into Dubai and Abu Dhabi is driving up headcount across both financial hubs. But is the rising cost of living affecting the appeal of the Gulf dream for some professionals? Oscar Orellana-Hyder, co-founder of Cordell Partners told Bloomberg's Jennifer Zabasajja on Horizons Middle East and Africa that it isn't. (Source: Bloomberg)...
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