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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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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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 

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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

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

HEADLINES:

• UK Media Divided Over Who Should Pay to Evacuate Britons From Middle East 

• Abu Dhabi-Backed RedBird IMI to Merge All 3 Media With Banijay in €4.4B TV Production Giant 

• Qatar Halts LNG Exports After Iranian Strikes, Declares Force Majeure 

• Kalshi Refuses to Pay Out Khamenei Bets, Reimburses Traders Instead

As geopolitical tensions grip the Middle East, markets swing violently and evacuation flights scramble to extract 300,000 British expats from the UAE. But back in Westminster, a political firestorm erupts: Should these "tax exiles" be taxed by the UK government? Meanwhile, the entertainment industry undergoes seismic consolidation as Paramount's $110 billion acquisition of Warner Bros. clears regulatory hurdles, promising a unified streaming giant. And in a stunning act of defiance, bootstrapped AI startup Thaura—founded by Syrian refugee brothers—publicly exposes and rejects a suspicious acquisition bid from an Israeli company, declaring its mission to the people is non-negotiable. Markets, money, and morality collide.

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

In today's Smashi Business Show, we cover three major stories shaking the region. Saudi Aramco's Ras Tanura refinery — processing 550,000 barrels a day — has been shut down after a drone strike, as Qatar simultaneously halts LNG production following Iranian attacks on key energy facilities. Brent crude is already surging past $79. Amazon Web Services confirms drone strikes have damaged data centres in the UAE and Bahrain, disrupting cloud services and forcing warehouse closures across the Gulf. And on a lighter note, the UAE dirham is set to get its own Unicode symbol — coming to keyboards worldwide this September. Stay informed with us.

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

In today's episode of the Smashi Business Show, we break down three stories defining the Gulf crisis in real time. Telegram founder Pavel Durov calls Iranian missiles "free fireworks" and insists Dubai is safer than Europe — even as the UAE intercepts hundreds of ballistic missiles and drones. Gulf stock markets take a battering, with the UAE, Kuwait, and Qatar shutting down entirely while Saudi Arabia and Egypt bleed in open trading. And Amazon Web Services confirms its Dubai data center was struck by mysterious "objects," triggering fires and a major cloud outage. 

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