Big Tech Slumps; Biden Gaffes; Kenyan Cabinet Fired | Horizons Middle East & Africa July 12, 2024

Cooling US inflation sparks a rotation out of Big Tech and a slump in treasury yields; and President Biden says he's determined to stay in the race even as further gaffes undermine his campaign. Also on the show, Kenyan president William Ruto fires almost all of his cabinet after deadly protests forced him to scrap his tax plan. Guests include: Mitchell Reiss, Royal United Services Institute, Distinguished Fellow; Aarthi Chandrasekaran, Shuaa Capital, Asset Management Head; and Carla Slim, Standard Chartered, MENA Economist.
00:00 Introduction
02:17 US election race: President Biden's gaffes at the NATO summit
06:35 Mitchell Reiss, Royal United Services Institute, Distinguished Fellow
13:35 Aarthi Chandrasekaran, Shuaa Capital, Asset Management Head
19:05 Kenya: president Ruto fires almost all his cabinet
26:12 Saudi Arabia cuts back funding for some giga projects
29:40 Carla Slim, Standard Chartered, MENA Economist
37:00 American Binance executive due before a Nigerian court
41:15 US Wall St banks due to report 2Q earnings
44:00 The Ambanis' blowout Indian wedding
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
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[@outdoorcat5107]

Saudi's hyperbolic projects were a stark revelation of the Crown Prince's lack of policy and budgetary experience.

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