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Bank transfers between Saudi Arabia and the UAE have experienced unusual delays across multiple sectors; the cause is unclear. Reported issues include funds not being credited, being returned or frozen. Some companies are rerouting payments via third

2026-07-07

Bank transfers between Saudi Arabia and the UAE have experienced unusual delays across multiple sectors; the cause is unclear. Reported issues include funds not being credited, being returned or frozen. Some companies are rerouting payments via third jurisdictions. Competition between the two countries in areas including finance and AI has increased in recent years, prompting firms to balance ties. The Saudi central bank denied any country-specific restrictions and said it applies uniform risk controls. The UAE said it has received no related complaints and stressed deep bilateral trade links.

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2026-07-07

According to the Wall Street Journal, AI giants are generously distributing massive amounts of free computing power to seize market share from startups. Some startups report receiving offers from multiple companies simultaneously, accumulating over $

According to the Wall Street Journal, AI giants are generously distributing massive amounts of free computing power to seize market share from startups. Some startups report receiving offers from multiple companies simultaneously, accumulating over $3 million in cloud computing and token allocations. This amount is equivalent to the median seed funding round for a US startup. OpenAI: 1. Offers $500,000 in free tokens (without equity stake) to all startups incubated by Y Combinator. An additional $1.5 million in tokens is available, but requires equity stake in OpenAI. (The previous offer was $2 million in tokens, contingent on equity stake). 2. Offers bulk purchase discounts and other incentives to attract new customers for Codex. 3. ChatGPT Pro 20x is priced at $200/month, but users can use up to approximately $14,000 worth of API tokens. Anthropic: 1. Y Combinator startups receive $500,000 in free API allocations, without equity stake. (Previously, this program only offered a free credit limit of $30,000) 2. Offer various promotional activities and one-time rewards to enterprise customers. 3. Claude Max is priced at $200/month, with a maximum consumption of approximately $8,000 worth of API Tokens. Google 1. Up to $500,000 in cloud computing credit. 2. Early access to Gemini. 3. DeepMind engineer support. Microsoft and Amazon Web Services 1. Both offer exclusive benefits to startups, including cloud resources, technical support, and other startup support policies. Cursor 1. Offers a 75% discount until July 5th.
2026-07-07

Francesco Pesole at ING said in a note the Paris appellate court will rule on Tuesday on Marine Le Pen’s bid to overturn a ban from holding elected office tied to alleged misuse of European Parliament funds; the decision is political significant for

Francesco Pesole at ING said in a note the Paris appellate court will rule on Tuesday on Marine Le Pen’s bid to overturn a ban from holding elected office tied to alleged misuse of European Parliament funds; the decision is political significant for France but is unlikely to have a major impact on the euro. If the ban is overturned it could boost the far-right National Rally and shift expectations toward a Le Pen run over party chairman Jordan Bardella, but markets have largely priced in either outcome and expect whichever leader emerges to show sufficient fiscal prudence to limit bond-market volatility.
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