The Smashi Business Show

HEADLINES:• Syria’s Al Sharaa Targets $200 Billion Economy in Free-Market Push• Qatari Billionaire Moutaz Al-Khayyat Wins $221 Million Saudi Stadium Contract• RedBird Meets PIF to Evaluate Takeover Bid for Al-Nassr FC

HEADLINES:• Arab Media Summit 2026 kicks off in Dubai • DP World is expanding its truck fleet by 40%, from 700 to 1,000 vehicles, • Saudi Arabia Discovers 110 Million Tonnes of Rare Earth Ore and Uranium Newsletter: https://aug.us/4jqModrWhatsApp: https://aug.us/40FdYLUInstagram: https://aug.us/4ihltzQTiktok: https://aug.us/4lnV0D8Smashi Business Show (Mon-Friday): https://aug.us/3BTU2MY

HEADLINES:• US President: We may stay in Iran and "keep the oil" • UAE and Iran leadership meet at BRICS Summit in New Delhi • Dubai Tourism Rebounds as Visitors and Hotel Demand Surge  Newsletter: https://aug.us/4jqModrWhatsApp: https://aug.us/40FdYLUInstagram: https://aug.us/4ihltzQTiktok: https://aug.us/4lnV0D8Smashi Business Show (Mon-Friday): https://aug.us/3BTU2MY

In this episode of the Smashi Business Show, we look at why OpenAI is holding off on an IPO as Sam Altman raises concerns over AI safety. We also unpack BRICS’ call for restraint in the Middle East as regional tensions weigh on trade and energy markets, before heading to China, where Mubadala is taking a minority stake in Luckin Coffee as part of a USD 1 billion transaction.

Saudi Arabia shuts its East-West oil pipeline after a drone attack from Iraq, an Israeli Air Force post puts Apple’s Israel ties back under scrutiny, and Anthropic says Claude was used to help develop guided weapons in Yemen. Here’s what matters across energy, technology and regional security.