Nvidia's revenue forecast failing to meet the highest expectations suggesting that its dizzying AI-fueled growth run has its limits. Also on the show: Biden's administration has told Congress it plans to cancel $4.6B in debt owed by Ukraine; A senior White House envoy has traveled to Tel Aviv from Beirut in a bid to clinch a cease-fire in the fighting between Israel and Hezbollah; Asian equities have slipped in Thursday trading reflecting a muted mood on Wall Street triggered by Nvidia 's lackluster revenue forecast; Turkey is pinning its hopes on President-elect Donald Trump to free it from sanctions over its use of a Russian air defense system; the IMF says it's made "substantial progress" in discussions with Egypt on the latest review of its $8B program; shares of Adani Group companies tumbled after US prosecutors indicted the Group's founder and other executives on bribery charges; South Africa's Cyril Ramaphosa will host the 2025 summit and says he is confident he'll be able to strike up a rapport with Trump; despite companies such as Microsoft, Meta, Amazon and Alphabet planning multi-billion dollar investments in AI infrastructure, the UAE's AI Minister says there's a tipping point where these investments will need show economic value; President-elect Donald Trump is poised to skip over FBI vetting for his nominees; US-based startup backed by Twitter co-founder, Jack Dorsey, is building a $3B crypto market in Africa; Turkey's central bank is set to hold its main interest rate for an 8th straight month; the South African Reserve Bank will likely deliver another 25-basis-point rate cut; Archegos Capital Management founder Bill Hwang was ordered to spend 18 years in prison for fraud and market manipulation. Guests include: Eric Robertsen, Standard Chartered Bank, Global Head of Research & Chief Strategist; Mohamed Abu Basha, EFG Hermes Research, Head of Macroeconomic Analysis; Omar Al Olama, UAE's AI Minister; Dan Ives, Wedbush, Managing Director and Senior Equity Analyst; Nolwandle Mthombeni, Independent Markets Analyst.
00:00 Introduction
04:00 Nvidia forecast misses highest estimates
09:50 Biden seeks to cancel Ukraine debt
12:28 US envoy in Israel for Lebanon truce talks
17:10 Eric Robertsen, Standard Chartered Bank, Global Head of Research & Chief Strategist
27:20 Turkey pins hopes on Trump to buy F-35s
32;35 Mohamed Abu Basha, EFG Hermes Research, Head of Macroeconomic Analysis
39:00 Gautam Adani facing US bribery charges
43:10 G-20 veterans prepare for Trump return
51:38 Dan Ives, Wedbush, Managing Director and Senior Equity Analyst
57:38 Biden seeks to cancel Ukraine debt
59:52 US senators set for Trump clash on FBI checks for Gaetz, others
01:05:00 Dorsey-backed startup fuels $3B Stablecoin boom in Africa
01:14:10 Turkey central bank to hold rates
01:17:15 Nolwandle Mthombeni, Independent Markets Analyst
01:24:00 Gautam Adani facing US bribery charges
01:28:28 Archegos founder Bill Hwang sentenced
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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