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
8518 stories- Business· World
SpaceX Announces $1.77 Trillion IPO Targeting Historic Stock Market Debut
SpaceX has announced plans for an initial public offering (IPO) aiming for a valuation of approximately $1.77 trillion. This move is triggered by the current market interest in technology and AI-driven companies, positioning SpaceX to capitalize on favorable conditions. If successful, the IPO could reshape investor confidence in the tech sector and influence future funding dynamics for similar high-growth companies.
45 sourcesJun 5Very High
- Economy· World
U.S. jobless claims rise to 225,000 indicating slight increase in unemployment filings
Initial jobless claims in the U.S. rose to 225,000 last week. This increase was higher than some forecasts, suggesting a momentary uptick in unemployment filings. Continued monitoring of jobless claims will be essential to gauge future labor market trends and potential Federal Reserve responses.
3 sourcesJun 4Low
- Business· World
Trafigura Group reports $4.1 billion profit amid geopolitical tensions
Trafigura announced a net profit of $4.1 billion for the first half of its financial year, reflecting a significant increase compared to the previous year. This surge in profits is primarily driven by strong performance in commodity trading, influenced by ongoing geopolitical factors such as the Iran war. The company's financial success may lead to increased investments and strategic maneuvers within the commodity market as it navigates these volatile conditions.
3 sourcesJun 4Low
- Business· UAE
e& sells 12.5% stake in Careem to Uber for $100 million
e& has sold a 12.5% stake in Careem to Uber for $100 million. This transaction is occurring as part of ongoing consolidation in the tech and transportation sectors in the Middle East. The long-term implication may lead to increased competition and innovation in the UAE's ride-hailing market.
3 sourcesJun 4Low
- Business· UAE
Saudi Arabian Airlines finalizes deal for 12 new Airbus aircraft by 2026
Saudi Arabian Airlines has finalized a deal with Airbus to acquire 12 new aircraft scheduled for delivery in 2026. This acquisition is part of Saudia's broader fleet modernization strategy, which has been in negotiation for the past two years. The long-term implication is that this expansion will enhance Saudia's operational efficiency and competitive position in the aviation market.
3 sourcesJun 4Low
- Business· UAE
Dubai's RTA Reports 8.2 Million Public Transport Riders During Eid Al Adha
Dubai's Roads and Transport Authority recorded 8.2 million riders using public transport services during the Eid Al Adha holiday. This surge in ridership, attributed to the festive period from May 25 to May 29, highlights the city's growing reliance on public transport. The trend suggests potential expansions in transport services to accommodate increasing demand in future holiday periods.
3 sourcesJun 4Low
- Business· UAE
UAE launches Naseej initiative to promote circular economy in textile sector
The UAE has launched the 'Naseej' initiative aimed at transforming the textile sector into a circular economy model. This initiative is driven by the urgent need to address the estimated 220,000 tonnes of textile waste generated annually in the UAE. Long-term, Naseej is expected to set a precedent for sustainability practices across various sectors in the UAE.
4 sourcesJun 4Low
- Economy· MENA
Launch of Tabadul electronic link enhances financial market integration between Jordan and UAE
The electronic link between the Amman Stock Exchange and the Abu Dhabi Securities Exchange was officially launched during a ceremony in Amman. This initiative is part of broader efforts to strengthen economic ties between Jordan and the UAE, aiming to broaden the investor base and improve market efficiency. The successful implementation of the Tabadul platform is expected to foster greater collaboration among Arab financial markets, potentially leading to increased investment flows and enhanced market stability.
3 sourcesJun 4Low
- Economy· MENA
Saudi Arabia mandates 70% localization in procurement professions by 2026
The Saudi government has enforced a 70% Saudization requirement in procurement roles starting May 31, 2026. This decision aims to enhance employment opportunities for Saudi nationals and is part of broader efforts to increase localization in various sectors. The long-term implication is a significant boost in the participation of Saudi nationals in the job market, particularly in procurement-related professions.
4 sourcesJun 4Low
- Economy· World
Brent crude oil prices surge to nearly $99 amid escalating U.S.-Iran tensions
Brent crude oil prices have risen to approximately $98.96 per barrel due to heightened geopolitical tensions in the Middle East, particularly between the U.S. and Iran. This increase follows a significant decline in May, where prices dropped by 19%, as market fears of supply disruptions have resurfaced. If tensions persist, oil prices may test the $100 per barrel mark again, leading to further market fluctuations.
3 sourcesJun 4Moderate
- Business· World
Gigascale Capital raises $250 million for climate tech investments
Gigascale Capital has closed a $250 million fund to invest in early-stage climate tech startups. This fundraising is occurring as venture capital firms increasingly focus on AI technologies, highlighting a strategic pivot towards sustainability. The success of this fund may encourage further investments in climate technology, potentially reshaping the venture capital landscape.
3 sourcesJun 4Low
- Business· World
Salesforce acquires Contentful to enhance digital experience capabilities
Salesforce has signed a definitive agreement to acquire Contentful, a leading content management platform, for a deal valued between $1 billion and $1.5 billion. This acquisition is driven by Salesforce's strategy to strengthen its AI and content management offerings at a time when digital experiences are increasingly critical for businesses. In the long term, this move is likely to improve Salesforce's competitive position in the content management sector and increase user engagement across its platforms.
3 sourcesJun 4Moderate
- Business· World
Quantinuum Inc. Raises IPO Target to $1.46 Billion Amid Strong Demand
Quantinuum Inc. has increased its initial public offering target to $1.46 billion due to overwhelming investor interest. This surge in demand has prompted the company to adjust its share offering from 21 million to 26.5 million shares at a higher price range. The successful IPO could signal a significant shift in investment trends towards quantum computing technologies, potentially leading to further innovations in the sector.
3 sourcesJun 4Low
- Business· World
Uber announces 23% layoffs in People and Places division amid restructuring
Uber has announced a 23% reduction in its People and Places division workforce. This decision comes as part of a restructuring effort led by newly appointed president Jill Hazelbaker, aimed at simplifying the company's internal structure. The long-term implication may involve further layoffs across other divisions as Uber adapts to changing market conditions and leadership dynamics.
3 sourcesJun 4Low
- Crypto· World
Security Researcher Unlocks $2 Million in Ethereum from Failed ICO
A security researcher known as 0xflorent has recovered approximately $2 million worth of Ethereum that was locked in a failed ICO smart contract since 2016. This recovery was triggered by the identification of an integer-overflow flaw in the HongCoin token sale contract, allowing the funds to be unlocked for original investors. The long-term implication is a potential increase in investigations into other locked assets in the cryptocurrency space, alongside heightened scrutiny of smart contract security.
3 sourcesJun 4Low
- Crypto· World
ECB Raises Alarm Over Stablecoins Approaching $300 Billion Market Value
European Central Bank officials have expressed concerns regarding the risks associated with stablecoins, which are nearing a market value of $300 billion. This warning comes as stablecoins are seen as potentially replicating vulnerabilities of traditional money market funds and threatening the euro's position against the US dollar. In response, the ECB is advocating for the development of a digital euro to safeguard financial stability in Europe.
3 sourcesJun 4Low
- Crypto· World
Cardano Foundation cancels 2026 Summit due to failed funding proposal
The Cardano Foundation has canceled its 2026 Summit after a funding proposal failed to gain the necessary two-thirds approval from the community. This decision comes as the proposal sought 7.8 million ADA, approximately $1.84 million, but did not achieve the required support under the blockchain's governance system. The long-term implication may involve the Foundation reassessing its approach to community engagement and funding proposals to better align with stakeholder interests.
3 sourcesJun 4Low
- Crypto· World
Japan's ruling party proposes regulatory framework for cryptocurrency ETFs and stablecoins
Japan's ruling Liberal Democratic Party has submitted recommendations to the finance minister advocating for the establishment of a legal framework for cryptocurrency exchange-traded funds and yen-denominated stablecoins. This initiative is part of a broader push for crypto reform in Japan, reflecting a growing recognition of blockchain technology's importance in modern finance. If implemented, these proposals could position Japan as a leader in blockchain finance and stimulate increased investment in the cryptocurrency sector.
4 sourcesJun 4Low
- Crypto· World
Sui Network Faces Three Outages Post Upgrade Due to System Bugs
The Sui Network's mainnet experienced three outages within 48 hours following its v1.72 upgrade. These outages were triggered by bugs related to gas charging and validator restart logic, prompting the Sui Foundation to implement a major fix. In the long term, the network aims to enhance stability and user confidence to prevent future disruptions.
4 sourcesJun 4Low
- Crypto· World
Vitalik Buterin proposes options-based model to enhance DeFi stability
Vitalik Buterin has introduced a new options-based design for decentralized finance aimed at reducing reliance on forced liquidations. This proposal is timely as current DeFi systems face significant volatility risks due to traditional debt-based structures. If successful, Buterin's model could lead to a more resilient and sustainable DeFi ecosystem, attracting greater participation from users and investors.
3 sourcesJun 4Low