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GBO CorrespondentJuly 10, 2026July 10, 2026

SpaceXAI launches Grok 4.5 as Elon Musk eyes agentic AI market

GBO CorrespondentJuly 10, 2026July 10, 2026
Grok 4.5 has been made available through SpaceXAI's AI coding agent, 'Grok...
Agentic AIAnthropicAnysphereCursorElon MuskGrokGrok 4.5Grok BuildOpenAISpaceXSpaceXAI
GBO CorrespondentJuly 9, 2026July 9, 2026

Proximity to water: UAE residents’ new location choice for having homes

GBO CorrespondentJuly 9, 2026July 9, 2026
As part of its thought leadership initiative, Shamal Holding conducted a YouGov...
Dubai 2040 Urban Master PlanDubai Quality of Life Strategy 2033Real EstateShamal HoldingThe Future of Seafront BeingUAEYouGov Survey
GBO CorrespondentJuly 9, 2026July 9, 2026

Egypt remains Africa’s largest FDI recipient, says UNCTAD report

GBO CorrespondentJuly 9, 2026July 9, 2026
Overall FDI inflows to Africa reached about USD 70 billion in 2025,...
AfricaAfrica FDIEgyptEgypt FDIFDIForeign direct investmentUNCTAD
GBO CorrespondentJuly 9, 2026July 9, 2026

Deutsche Bank to set up regional headquarter in Saudi as its eyes Middle East expansion

GBO CorrespondentJuly 9, 2026July 9, 2026
The new regional headquarters will oversee Deutsche Bank's regional management, strategic decision-making...
Deutsche bankDeutsche ⁠Securities Saudi ArabiaGoldman SachsJPMorganMorgan StanleySaudi ArabiaSaudi Central BankVision 2030
GBO CorrespondentJuly 8, 2026July 7, 2026

Lessons from Iran war? Saudi mulls expanding oil pipeline to Red Sea

GBO CorrespondentJuly 8, 2026July 7, 2026
The East-West pipeline, which was built in the early 1980s, has become...
East-West PipelineIran WarKuwait Petroleum CorporationRed SeaSaudi ArabiaSaudi AramcoSheikh Nawaf al-SabahStrait of HormuzYanbu Port
GBO CorrespondentJuly 8, 2026July 7, 2026

HSBC to pull ‌back from riskier private credit lending as industry faces fresh crisis

GBO CorrespondentJuly 8, 2026July 7, 2026
HSBC, in May 2026, took a USD 400 million hit linked to...
Goldman SachsHSBCLendingMarket Financial SolutionsPrivate CreditPrivate Credit Lending
GBO CorrespondentJuly 8, 2026July 7, 2026

Tesla’s quarterly deliveries set record as EV giant sees revival in China, Europe

GBO CorrespondentJuly 8, 2026July 7, 2026
The company delivered 480,126 vehicles in the April-June 2026 period, a record...
BYDChinaCybercabElectric vehicleElon MuskEuropeFull Self-DrivingModel Y SUVOptimus RobotsTeslaTesla Deliveries
GBO CorrespondentJuly 7, 2026July 7, 2026

Microsoft joins tech layoff wave, axes 2.1% of its workforce

GBO CorrespondentJuly 7, 2026July 7, 2026
Microsoft, earlier in 2026, offered voluntary buyouts to about 7% of its...
AzureCloud ComputingLayoffmicrosoftSatya NadellaTech LayoffWindowsXbox
GBO CorrespondentJuly 7, 2026July 7, 2026

World food prices ease for second month in June 2026, key UN body says

GBO CorrespondentJuly 7, 2026July 7, 2026
The FAO Food Price Index, which tracks monthly changes in a basket...
FAOFAO Food Price IndexFood and Agriculture OrganizationFood PriceUnited Nations
GBO CorrespondentJuly 7, 2026July 7, 2026

Lasting regional peace key to GCC banks’ resilience, says Fitch

GBO CorrespondentJuly 7, 2026July 7, 2026
The June 17 Memorandum of Understanding (MoU), signed between Washington and Tehran,...
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GBO Jul-Sep 2026 IssueCURRENT
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The ‘Brexit Bill’ United Kingdom is still payingBrexit has caused missed growth opportunities, suppressed investments, higher prices, and constrained ambition…

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