Business and economic intelligence for the Gulf and Iraq.

Business

Fed Set for Rate Hike as Trump Demands World’s Lowest Rates

Futures markets are pricing odds above 85% that the Federal Reserve raises interest rates at its September 15-16 meeting, after Friday’s consumer price index report showed core inflation in August rising at its fastest pace in four months…

2h ago

Business

Altman rules out OpenAI IPO in 2026, citing safety workload

OpenAI will not list its shares this year because of the volume of safety work required, chief executive Sam Altman said in a Fortune interview published Saturday, September 12, 2026. Altman said he would rather handle safety, alignment…

3h ago

Business

Anthropic picks Nasdaq for IPO that may rival SpaceX record

Anthropic has settled on Nasdaq as the venue for a listing that people familiar with the preparations say could raise as much as or more than SpaceX’s record offering, according to a person familiar with the matter who spoke to Bloomberg…

3h ago

Two facts

Public Investment Fund · Assets under management: $907 bn (end-2025)

Public Investment Fund·end-2025·17 Aug 2026

Saudi Arabia · Unemployment rate (nationals): 7.2% (Q4 2025)

Saudi Press Agency·Q4 2025·31 Mar 2026