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THIS MORNING: Al Jaber wraps energy diplomacy spree in Washington + Gulf in for a USD 25 bn repair bill for damage to energy infrastructure, Rystad Energy says
Plus: Dubai makes top 10 global financial centers
BMI expects economic growth to fall by at least 0.2-0.3 percentage points if the war persists through April
Higher energy prices will hit energy-importing countries the most, and consumption will take a hit amid rising prices
Business activity across the world is already reeling from the impacts of the war
That’s why economists are increasingly using one word to describe what’s happening: stagflation
The regional war hits the international bond market
So far this month, over USD 2.5 bn has been wiped off global bond values
THIS MORNING: Standard Chartered-backed firm plans shariah-compliant wealth management firm + Paramount’s bid for Warner Bros. is in the spotlight
Plus: Abu Dhabi opens two new bridges
Fed holds steady as uncertainty due to the war drives caution
The move was widely expected among investors as the war clouds the global economic outlook
FinMin introduces tax credits for R&D spend
Sectors like biotech, fintech, and advanced manufacturing can benefit from tax credits worth up to 50%
Insuring the boom: The missing piece of the AI infrastructure puzzle
Possible disruptions, coupled with a lack of ins. coverage, is positioning funding data centers at a level of exposure that…
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