HEADLINES:

• Saudi-Backed LIV Golf Files for Bankruptcy After PIF Pulls Funding 

• L’imad unit has satisfied nearly all conditions to take AD Ports private 

• Freely Founder Ian Ohan on Building the Infrastructure for Autonomous Mobility

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

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

HEADLINES:

• Adidas Arabia Apologizes After Single Shoe Ad Featuring Ex-Israeli Soldier

• ADNOC Eyes Stake in Dangote Refinery Ahead of $1.6 Billion IPO: Bloomberg 

• Hussain Sajwani Opens Türkiye Data Centre With Vodafone

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

HEADLINES:
• Saudi Nuclear Deal Could Open Door To Uranium Enrichment Of Nearly 20%

• G42 Explores Selling Majority Stake To US Companies Amid AI Chip Push
• Mubadala Capital Joins $3 Billion Crusoe Funding Round At $30 Billion Valuation

Newsletter: https://aug.us/4jqModr
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In this episode of the Smashi Business Show, we examine Iran's targeted strikes against oil tankers and U.S. naval assets in the Strait of Hormuz following American attacks. We then look at Egypt's $2.1 billion plan to build two fuel oil conversion complexes in Suez to boost local diesel production and curb imports. Finally, we break down how Saudi AI firm HUMAIN, backed by PIF, is assembling an elite team to prepare for its upcoming initial public offering.

The US approves a proposed $5 billion arms package for Saudi Arabia as the Kingdom faces heightened regional threats. Washington also sanctions Turkey’s Golden Global Bank over alleged Iran-linked transactions, while the lender denies the accusations and prepares legal action. In Lebanon, Alvarez & Marsal begins a new forensic audit of Banque du Liban, examining crisis-era foreign asset operations and fund flows. Today’s show looks at how regional conflict, financial sanctions and accountability are reshaping the Middle East’s economic landscape.

HEADLINES:

• Saudi AI Firm HUMAIN Invests in Nour Al Hassan’s Arabic.AI 

• Adidas Faces Backlash Over Campaign Featuring Former Israeli Soldier 

• Dubai Sotheby’s Faces $119 Million Lawsuit

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

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

HEADLINES:

• Replit Opens First International Office in London After Hitting $9 Billion Valuation 

• ADNOC’s Ruwais Refinery Returns to Full Capacity After Iran War Hit 

• Kuwait Decree Allows Government to Borrow From Wealth Fund 

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

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

HEADLINES:
• Prince Alwaleed’s Kingdom Holding Completes $224 Million Deal for 70% of Al Hilal

• Saudi Arabia in preliminary talks to borrow $8B from banks: Report
• Former WeWork CEO Adam Neumann Launches Flow in UAE With Major Hiring Push

HEADLINES:

• LEAP 2026 Opens With $15 Billion AI Push as Saudi Arabia Lands Global Tech Deals 

• LIV Golf prepares for bankruptcy filing in September, FT reports 

• UAE’s Arada Plans $7 Billion Syria Development in First Investment

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

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

HEADLINES:

• Brent crude surges back above $90 as US-Iran strikes resume 

• Banque Misr UAE branches continue business as usual despite US warning 

• Roblox is establishing its MENA regional headquarters in Riyadh 

• Huda Beauty and global superstar Cardi B have officially unveiled their new collaboration

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