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SpaceX IPO Draws Billions in Orders From Middle East Funds

Deals SpaceX IPO Draws Billions in Orders From Middle East Funds Gulf wealth funds have put in orders for shares worth several billions of dollars in SpaceX’s initial public offering, according to people familiar with the matter, the latest indication of the region’s ambitions to continue playing a lead role in bankrolling the global artificial intelligence buildout. Saudi Arabia’s Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to...

Bloomberg Technology 9h ago

Pakistan’s wedding industry under strain as Middle East tensions add to economic woes

Pakistan’s wedding industry under strain as Middle East tensions add to economic woes Operators say bookings have weakened and celebrations are becoming smaller as inflation, uncertainty and concerns over remittances weigh on consumers. RAWALPINDI, Pakistan: Pakistan’s lavish wedding industry is coming under pressure as families rein in spending amid rising costs and economic uncertainty linked to the war on Iran. Pakistani weddings are typically elaborate social events that bring together...

Channel News Asia 11h ago

'Middle East peace depends on Israel-Lebanon ceasefire - and it is being battered'

'Middle East peace depends on Israel-Lebanon ceasefire - and it is being battered' "US President Donald Trump is no closer to Iran peace and is being held to ransom over war, as Lebanon proposals demand the impossible - Iran to accept Beirut government's control of Hezbollah" Ending the US-Iran war depends on a fragile ceasefire in Lebanon that exists only in name and runs on different rules to most truces. Within hours of being announced, this so-called 'ceasefire' looks as shaky as it...

Daily Mirror 6d ago

Trump’s Middle East peace remains under construction as Israel, Iran shoot at each other

TOI correspondent from Washington: US President Donald Trump is once again scrambling to preserve a fragile ceasefire between Israel and Iran, insisting that a broader peace agreement is within reach even as renewed missile exchanges, mutual threats, and deep mistrust continue to push the Middle East toward another dangerous escalation, much to global frustration. The latest flare-up over the weekend marked the most serious breakdown of the US-brokered ceasefire that took effect in April.

Times of India 2d ago

100 days of the Iran war: How global markets and the economy have been affected, in charts

Sunday marks 100 days since the war in the Middle East began, and the conflict continues to drive substantial volatility across all asset classes in every region of the world as a lasting peace deal remains elusive. Negotiations between the U.S. and Iran have stagnated, with Washington and Tehran sending mixed messages on the state of peace talks and both sides periodically exchanging bouts of military attacks. Nevertheless, a fragile ceasefire remains in place to allow for diplomacy to take...

CNBC 3d ago

$24bn 'trust test' for Trump? Khamenei aide seeks frozen assets, warns US of wider war

As the conflict in the Middle East escalates, Mohsen Rezaei, military adviser to Supreme Leader Ayatollah Mojtaba Khamenei, said a potential peace deal between the United States and Iran depends on the Trump administration agreeing to release $24 billion in frozen Iranian assets. In an interview with CNN, Rezaei said: "The negotiations are at a deadlock and (US President Donald) Trump must break this deadlock.

Times of India 4d ago

As Iran war threatens undersea cables in the Strait of Hormuz, is it time to rethink the internet?

As Iran war threatens undersea cables in the Strait of Hormuz, is it time to rethink the internet? Undersea internet cables form the backbone of all worldwide connectivity, enabling bank transfers, messaging, and critical services to function. But as global conflicts threaten crucial chokepoints through which they run, how can the critical cables be protected?

The Independent World 10d ago

European military aid fuels Ukraine drone boom: Kiel Institute

European military aid fuels Ukraine drone boom: Kiel Institute PARIS: European countries have funnelled billions of dollars of military aid to Ukraine since United States funding ended, with 2026 contributions helping boost its booming drone sector, Germany's Kiel Institute said on Thursday (Jun 4). In the first four months of the year, 12 per cent of European military aid to Ukraine was allocated to drone production, according to the Kiel Institute, which has tracked military, financial,...

Channel News Asia 6d ago

Iran-US war latest: Two more drones downed over Strait of Hormuz as Trump claims he ‘destroyed’ Tehran’s military

Iran-US war latest: Two more drones downed over Strait of Hormuz as Trump claims he ‘destroyed’ Tehran’s military It comes as the US military said it downed six Iranian missiles in the Gulf - Bookmark - CommentsGo to comments The US says it has shot down two more drones threatening the Strait of Hormuz after Washington and Tehran continued to trade strikes on Saturday. In a post on X, US Centcom said it had shot down two Iranian one-way attack drones in a bid to “defend against Iranian...

The Independent World 3d ago

Iran-US war latest: Trump warns US doesn’t need a deal with Tehran to get enriched uranium

Iran-US war latest: Trump warns US doesn’t need a deal with Tehran to get enriched uranium Trump suggested if a deal was made he would meet with Iran's supreme leader - Bookmark - CommentsGo to comments Donald Trump said Washington did not need a ceasefire deal with Iran to get enriched uranium from the country as Hezbollah rejected a new ceasefire in Lebanon. Trump also said that he did not want to meet with Iran's supreme leader Mojtaba Khamenei. "We could get it right now.

The Independent World 5d ago