Welcome to this week’s Fortune Gulf Brief. Regular readers might notice a different author byline today, that’s because Melissa is taking a well-earned break although, knowing journalists, probably with one eye on her phone and what’s happening in the Gulf. Ordinary service resumes next week. Until then, I’m Inzamam Rashid, international journalist and broadcaster based
President Donald Trump’s market-moving pronouncements are triggering almost instantaneous trading among Middle Eastern retail investors, with his statements generating more activity than Federal Reserve decisions or key U.S. economic data, according to one Dubai-based trading executive. “We see the price fluctuation immediately, and that will lead to trades,” Tarik Chebib, the Middle East CEO of
Ken Griffin says his hedge fund has de-risked the majority of the Situational Awareness portfolio it acquired, according to a letter to investors obtained by Business Insider. The Citadel boss updated clients on the performance of Citadel Wellington Fund, the firm’s flagship multi-strategy fund that purchased a large portion of Situational Awareness’s investments last month
Prime Video has unveiled a landmark $2 billion-plus investment plan in Latin American entertainment spanning 2027 to 2030 in a concerted bid to increase viewership and engagement. The move comes in what is considered the second fastest growing region for streaming in the world, with Netflix the clear frontrunner. At an inaugural showcase event in
At the top, it’s hard to know where else to go. In an interview on Harry Stebbings’ 20VC podcast published on Monday, Andrew Macdonald, Uber’s chief operating officer and president, said that finding new businesses can be challenging when the company’s core business is already so large. Call it the “classic innovator’s dilemma,” he said.
One of the oldest rules in tech pay still looks like one of the smartest. Levels.fyi, a company that tracks compensation across the industry, recently analyzed what would have happened to the same senior Microsoft software engineer pay package in two scenarios. In one, the employee sold their stock as it vested and reinvested the