Bio
Saqib is COO and co-founder at A47 AI, where he runs operations and leads the prediction-markets initiative. He covers crypto, Web3, and the decentralization of the sport and entertainment economy.
Editorial Responsibility
As A47's prediction-markets and crypto editor, I am responsible for our coverage of these markets and Web3 — ensuring it is grounded in real product, data, and revenue rather than speculation.
Previous experience · 14+ years
- · WPP Media (GroupM PK, Wavemaker PH)
- · MYCO
- · ARY Digital Network
Education
MBA Marketing, SZABIST
Areas of expertise
Categories overseen
Stories from Saqib Pathan’s desk
8507 stories- Economy· World
Oil prices rise 1% amid U.S. airstrikes on Iran and declining crude inventories
Oil prices increased by approximately 1% following U.S. airstrikes on Iranian targets and a significant drop in U.S. crude inventories. This rise is occurring now due to escalating geopolitical tensions in the region, particularly after military actions that have raised concerns about supply disruptions. In the long term, continued military actions and fluctuating inventory levels are likely to keep oil prices volatile, impacting global markets.
3 sourcesJun 13High
- Business· UAE
Dh1 million support fund established for victims of Dubai road accident
A Dh1 million relief package has been announced for the families of victims and those injured in a deadly road crash on Emirates Road in Dubai. This initiative was triggered by the tragic accident that occurred recently, prompting a swift response from local businesses. In the long term, this may lead to increased community awareness and initiatives aimed at improving road safety in the UAE.
4 sourcesJun 13Low
- Economy· MENA
Saudi Arabia's Industrial Production Index declines by 19.1% in April 2026
Saudi Arabia's Industrial Production Index has dropped by 19.1% in April 2026 compared to the same month last year. This decline is primarily driven by significant decreases in mining, quarrying, and manufacturing activities. The mixed performance suggests that while industrial challenges persist, there may be opportunities for growth in non-oil sectors moving forward.
3 sourcesJun 13Low
- Business· UAE
Princess Dr. Maha appointed CEO of Future Investment Initiative Institute
The Future Investment Initiative Institute has appointed Princess Dr. Maha bint Mishari bin Abdulaziz as its new CEO. This leadership change comes as the institute seeks to enhance its global impact and innovation in key sectors like AI and healthcare. Under her guidance, the FII Institute is expected to strengthen its role in addressing global challenges through investment and collaboration.
5 sourcesJun 13Low
- Business· MENA
Egypt Settles $6 Billion Debt to Foreign Oil and Gas Companies
Egypt has successfully cleared all outstanding debts to foreign oil and gas companies, reducing its debt from over $6 billion to zero. This achievement comes three weeks ahead of the government's target date, driven by the need to restore investor confidence amid ongoing economic pressures. The long-term implication is a likely surge in foreign investments in Egypt's energy sector, potentially boosting production and exploration activities in the Mediterranean region.
4 sourcesJun 13Low
- Business· MENA
Riyadh Air officially launches operations with inaugural flight to London
Riyadh Air has commenced operations with its first flight to London on June 10, 2026. This launch is part of Saudi Arabia's strategy to diversify its economy away from oil dependency and enhance its aviation sector. The airline's expansion plans indicate a long-term commitment to establishing a competitive presence in the global aviation market despite regional challenges.
3 sourcesJun 13Low
- Business· UAE
Emaar Properties announces Dh200 billion megaproject in Dubai to house 150,000 residents
Emaar Properties has unveiled a major new development project in Dubai, with an investment of Dh200 billion aimed at accommodating 150,000 residents. This initiative is part of Emaar's strategy to enhance urban living and is expected to stimulate the local economy by creating numerous job opportunities. Long-term, this megaproject is likely to set a new standard for urban development in the region and influence similar initiatives across the MENA area.
3 sourcesJun 13Low
- Business· UAE
Sharjah announces partial closure of Al Taawun Street for tunnel development
The Sharjah Roads and Transport Authority has announced a temporary partial closure of Al Taawun Street starting June 13, 2026, to facilitate the development of the Al Taawun Tunnel. This decision is driven by the need to improve traffic flow between Sharjah and Dubai, addressing ongoing commuter congestion. Once completed, the project is expected to significantly alleviate traffic issues in the region, enhancing connectivity between the two cities.
3 sourcesJun 13Low
- Economy· World
Gold prices hit six-month low amid strong US dollar and geopolitical tensions
Gold prices have fallen to their lowest levels in over six months. This decline is driven by a strong US dollar, rising oil prices, and ongoing geopolitical tensions, particularly between the US and Iran. As these economic and geopolitical factors persist, the gold market may continue to face pressure and volatility in the near future.
4 sourcesJun 13Low
- Business· World
Microsoft's Xbox division announces major layoffs as part of restructuring under new CEO Asha Sharma
Microsoft's Xbox division is set to implement significant layoffs in July 2026 as part of a restructuring effort. This decision is driven by declining revenue and ongoing component shortages, prompting a shift towards a new console business model. The long-term implication may involve redefining Xbox's approach to the gaming market, potentially leading to innovative strategies to enhance competitiveness.
5 sourcesJun 13Moderate
- Business· World
Ant International seeks $1 billion funding to enhance fintech operations
Ant International is planning to raise approximately $1 billion in a funding round aimed at accelerating its growth in the fintech sector. This initiative follows eight consecutive quarters of profitability and is strategically timed to support the company's expansion into cross-border payments and a potential IPO in Hong Kong. If successful, this funding could solidify Ant International's competitive position and reflect broader trends in the fintech industry.
3 sourcesJun 13Low
- Crypto· World
Hyperliquid and Paradigm Challenge US Treasury's GENIUS Act Over DeFi Concerns
Hyperliquid and Paradigm have raised alarms about the US Treasury's proposed money-laundering rules under the GENIUS Act, claiming they could adversely affect decentralized finance and stablecoin issuers. This concern arises as the Treasury seeks to regulate cryptocurrency-related money-laundering activities, prompting calls for a revision of the rules. The long-term implication could see significant shifts in the regulatory landscape for DeFi and stablecoins, potentially stifling innovation in the sector.
3 sourcesJun 13Low
- Business· World
OpenAI CEO announces IPO plans within a year amid tender offer discussions
OpenAI's CEO Sam Altman has informed employees that the company is expected to go public within the next year. This announcement comes as discussions of a tender offer at a share price of $687.69 are underway, reflecting the company's strategic valuation efforts. The anticipated IPO could significantly reshape the competitive landscape of the AI industry and influence investor confidence moving forward.
3 sourcesJun 13High
- Business· World
Robinhood approved as IPO underwriter challenging traditional banks
Robinhood has received approval to act as an underwriter for IPOs, marking a significant shift in its business model. This move is happening now as major companies like SpaceX prepare for significant IPOs, coinciding with a surge in interest from retail investors. The long-term implication is that this could reshape the capital markets landscape, enhancing retail investor participation and increasing competition against traditional financial institutions.
3 sourcesJun 13Low
- Crypto· World
Botanix Bitcoin DeFi Network Announces Shutdown Due to Low Demand
Botanix, a Bitcoin layer-two network, is shutting down after four years due to insufficient user demand for its DeFi services. The immediate trigger for this decision is the network's conclusion that it cannot sustain operations amidst weak engagement despite processing 25 million transactions. This closure may prompt a reevaluation of strategies within the Bitcoin DeFi sector and potentially lead to new innovations or shifts in focus.
4 sourcesJun 13Low
- Crypto· World
Stand With Crypto UK launches campaign against bank restrictions on cryptocurrency transfers
Stand With Crypto UK has initiated a campaign to challenge UK banks' restrictions on cryptocurrency transactions. This movement arises as 40% of such transactions are reportedly blocked, contradicting the UK government's ambition to become a digital asset hub. The campaign's success could reshape banking policies and enhance access to regulated exchanges for cryptocurrency users in the UK.
3 sourcesJun 13Low
- Crypto· World
Bitmine Immersion Technologies increases Ethereum holdings to over 5.4 million ETH
Bitmine Immersion Technologies has acquired an additional 100,000 ETH, raising its total holdings to over 5.4 million ETH. This surge in acquisitions comes as Ethereum's price struggles below $1,700 amid market uncertainty. The company's approach to slowing down future purchases may significantly influence Ethereum's market dynamics and price stability moving forward.
3 sourcesJun 13Low
- Crypto· World
CME Group launches Nasdaq CME Crypto Index futures for institutional investors
CME Group has introduced Nasdaq CME Crypto Index futures, enabling regulated trading of major cryptocurrencies. This launch is driven by the growing demand for institutional access to cryptocurrency markets. In the long term, this could enhance market legitimacy and attract more cautious investors to the crypto space.
4 sourcesJun 13Low
- Crypto· MENA
Chainalysis partners with South Korean police to combat crypto crime
Chainalysis has signed a memorandum of understanding with South Korean police to enhance efforts against cryptocurrency-related crimes. This partnership is triggered by the increasing threats posed by North Korean state-sponsored thefts and scams targeting investors. In the long term, this collaboration could lead to more robust international frameworks for addressing crypto crime globally.
4 sourcesJun 13Low
- Crypto· World
Fold Holdings eliminates $20 million debt through $45 million Bitcoin sale
Fold Holdings has sold approximately 633.8 Bitcoin for $45 million to repay its $20 million debt and support future growth initiatives. This strategic decision comes as the company aims to enhance its financial stability and investor confidence, evidenced by a significant stock price surge. In the long term, Fold is positioned to capitalize on new product launches and expansion opportunities in the cryptocurrency market while managing Bitcoin price volatility risks.
5 sourcesJun 13Low