Houthi Attacks Hit Riyadh, Abha Airports, Killing Three; Tanker Attack Pushes Oil Higher

Houthi attacks escalate, hitting airports in Riyadh and Abha and killing three people. A tanker is also attacked deep in the Persian Gulf for the first time in weeks as regional tensions remain elevated.
Oil moves higher, while Iraq devalues the dinar by around 13% as disruption in the Strait of Hormuz hits its oil exports.
Asian stocks fall for a second day and US equities retreat from an all-time high. China stocks fluctuate as investors assess holiday spending data, while Singapore shares post their biggest drop in six months as banks extend their selloff.
US Treasury yields remain in focus. Scott Bessent says high borrowing rates are a global phenomenon, while a 10-year Treasury auction draws strong demand. Fed minutes show hawkish unity behind September’s rate hike, and JPMorgan warns high bond yields could hurt Asian banks.
A “missed email” reportedly led to China receiving sensitive F-35 parts, while Samsung’s third-quarter operating profit misses estimates.
Isomorphic Labs is in funding talks at a valuation of at least $40 billion. Meanwhile, Savills ranks Dubai second in EMEA in its latest wealth trends report.
WTO Director-General Ngozi Okonjo-Iweala discusses an unprecedented period for global trade as the EU trade commissioner visits China for talks and Germany and France push Europe to strengthen its trade defenses.
And Africa’s new credit-rating agency faces an early credibility test, while Mauritius Commercial Bank reports higher annual net income. Guests includes Steven Major, Tradition Dubai Global Macro Advisor, Rachel Kennerley, Savills Middle East Research Director and Thierry Hebraud, Mauritius Commercial Bank CEO.

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.

Chapters:
00:00:00 – Introduction
00:04:57 – Houthi Attacks Escalate in Saudi Arabia
00:08:26 – Iraq Devalues Currency as Hormuz Disruption Hits Oil Exports
00:11:49 – Steven Major, Tradition Dubai Global Macro Advisor
00:19:14 – Samsung Posts Q3 Profit Record, Misses Estimates
00:27:46 – Rachel Kennerley, Savills Middle East Research Director
00:35:46 – EU Trade Commissioner Visits China for Talks
00:40:32 – Thierry Hebraud, Mauritius Commercial Bank CEO
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