Trump Sticks To Naval Blockade; Apple's Strong Rev Forecast | Horizons Middle East & Africa 5/1/2026

Watch on YouTube ↗  |  May 01, 2026 at 06:01  |  45:58  |  Bloomberg Markets
Speakers
Aziz Aluthman Fakhroo — Chairman, Fakhroo Group
Samy Chaar — Lombard Odier, Chief Economist & Switzerland CIO

Summary

The video covers President Trump's commitment to the naval blockade on Iran, keeping oil prices elevated, and concerns over the Strait of Hormuz. It also discusses Apple's strong revenue forecast despite supply constraints, and features an interview with Ooredoo's CEO on growth and resilience amid regional conflict. Other topics include shifting Middle Eastern alliances, ECB rate hike signals, and Saudi GDP slowing.

  • Trump says naval blockade will continue, oil prices steady near wartime highs.
  • Apple forecasts double-digit revenue growth for Q3, but warns of memory chip costs.
  • Ooredoo reports 6% revenue growth and zero disruption across conflict zones.
  • Samy Chaar (Lombard Odier) maintains moderate pro-risk stance on AI-driven CapEx.
  • Saudi Arabia's Q1 GDP slows to 2.8%, IMF downgrades outlook.
  • ECB signals possible June rate hike if energy prices stay elevated.
  • UAE exits OPEC, deepening rift with Saudi Arabia.
  • S&P and Nasdaq futures rise after record close on strong tech earnings.
Trade Ideas
Aziz Aluthman Fakhroo Chairman, Fakhroo Group 33:38
Ooredoo is resilient and growing.
Ooredoo is executing well, with 6% revenue growth and 5% net profit growth in Q1, while maintaining zero disruption across five conflict-affected countries. The company's strategy of diversifying into digital infrastructure, including a subsea cable that bypasses the Strait of Hormuz and Suez Canal, positions it as a resilient and growing telecom provider in the region. Continued investment in data centers and strong performance in countries like Tunisia, Algeria, and Indonesia support sustained growth.
Ooredoo MED
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This Bloomberg Markets video, published May 01, 2026, features Aziz Aluthman Fakhroo discussing Ooredoo. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Aziz Aluthman Fakhroo  · Tickers: Ooredoo