Wake Up to Money Meeting in the Middle East
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May 14, 2025 Join Amjid Bash, owner of Newsbox News Agents, and Louise Kernaghan, head of Global Equity Opportunities at Newton Investment Management, as they dive into pressing topics affecting the economy. They discuss the implications of Trump's arms deal with Saudi Arabia and its potential impact on global investment and oil prices. Additionally, they explore the changing landscape of corporate attire, including the humorous debate over wearing trainers to meetings, and the significant fallout from cyber attacks on retailers like Marks & Spencer.
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Trump's Saudi Arms Deal Reality
- Trump's arms deal with Saudi Arabia reflects a warmer US-Saudi relationship under his presidency.
- The announced $142 billion deal is mostly a modernization program, though much may not be finalized.
Riyadh's Cultural Transformation
- Riyadh has transformed rapidly with cultural reforms enabling more social freedoms and women's rights.
- Despite changes, it hasn't opened up as much as other Gulf cities like Dubai yet.
Electric Car User's Frustration
- Amjid Bash bought an electric car but is switching back to a hybrid due to charging frustrations and range anxiety.
- Parking abuse of EV charging spots is also a growing problem affecting usability.