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
8560 stories- Economy· World
OPEC+ increases oil production by 188,000 barrels per day amid supply pressures
OPEC+ has announced a production increase of 188,000 barrels per day starting in June 2026 following the UAE's exit from the group. This decision is driven by the need to stabilize the global oil market, which is currently facing significant supply disruptions and low inventories. The long-term implication is a potential stabilization of oil prices as OPEC+ seeks to manage supply amid ongoing geopolitical tensions.
5 sourcesMay 6Low
- Economy· World
OPEC+ Increases Oil Production Quotas for Third Time Since UAE Exit
OPEC+ has agreed to raise oil output quotas starting in June 2026. This decision follows the UAE's exit from the group and aims to stabilize global oil markets amid changing supply and demand dynamics. The long-term implication is a potential stabilization of oil prices, which could influence global economic conditions.
3 sourcesMay 6Low
- Economy· MENA
Kuwait to Increase Oil Production to 2.628 Million BPD by June 2026
Kuwait's oil production is expected to rise to 2.628 million barrels per day in June 2026. This increase is part of Kuwait's strategy to enhance its oil output amidst fluctuating global oil prices and aligns with OPEC's production agreements. The long-term implication is that Kuwait's growing production capacity may significantly influence global oil supply and pricing strategies in the near future.
3 sourcesMay 6Low
- Economy· World
Samsung Group heirs pay record 12 trillion won in inheritance taxes
The heirs of Samsung Group have finalized the payment of a historic 12 trillion won in inheritance taxes. This significant financial obligation was settled following the death of former chairman Lee Kun-hee in October 2020. The successful settlement may influence future estate planning and tax policies in South Korea.
3 sourcesMay 6High
- Economy· UAE
UAE Exits OPEC Amidst Strategic Energy Shift
The UAE has officially announced its exit from OPEC, marking a significant change in the organization's dynamics. This decision is part of a broader economic strategy aimed at developing an independent energy system for the UAE. The long-term implications may lead to a reconfiguration of global oil alliances and production strategies, affecting market stability and competition.
4 sourcesMay 6Moderate
- Business· UAE
ADNOC Unveils $55 Billion Investment to Boost UAE Manufacturing and Oil Production Capacity
On May 3, 2026, ADNOC announced a $55 billion investment plan to enhance domestic manufacturing and expand oil production capacity to 5 million barrels per day by 2027. This initiative follows the UAE's recent exit from OPEC, allowing for unrestricted production growth amid rising geopolitical tensions and supply chain disruptions. The long-term implication is a strengthened local supply chain and reduced reliance on imports, positioning the UAE as a more self-sufficient energy producer.
6 sourcesMay 6Moderate
- Business· MENA
OPEC+ Increases Oil Production Quota by 188,000 Barrels per Day Following UAE Exit
On May 3, 2026, OPEC+ announced a production increase of 188,000 barrels per day effective June 2026 after the UAE's withdrawal from the group. This decision comes in response to the ongoing Iran war, which has closed the Strait of Hormuz and severely impacted global oil supplies. The long-term implication may be increased volatility in oil markets due to diminished OPEC+ coordination and the UAE's independent production strategies.
9 sourcesMay 6Low
- Economy· World
Federal Reserve's Neel Kashkari Warns Iran War Complicates Interest Rate Guidance
Neel Kashkari of the Federal Reserve has raised concerns that the ongoing war in Iran is hindering the Fed's ability to provide clear guidance on interest rates. This situation arises as the conflict disrupts global oil supply and increases inflation risks, prompting discussions about potential rate hikes. In the long term, the Fed may need to adapt its monetary policy to address the economic challenges posed by geopolitical instability.
4 sourcesMay 6Low
- Economy· World
U.S. job openings remain stable while hiring rates improve amid economic uncertainties
Job openings in the U.S. held steady at 6.9 million in March, indicating a mixed labor market. The increase in hiring rates suggests a response to ongoing labor demand despite external economic pressures, including the Iran war. Long-term, the labor market's evolution will be critical in shaping future employment trends as geopolitical tensions unfold.
4 sourcesMay 5Low
- Business· UAE
UAE Lifts Air Traffic Restrictions Following Iran War
The UAE has fully resumed air traffic operations after lifting all restrictions imposed due to the Iran war. This decision comes as a significant step towards normalizing travel in the region, reflecting the UAE's commitment to recovery in the aviation sector. The long-term implication is expected to be a boost in tourism and business travel, revitalizing the UAE's economy and enhancing regional connectivity.
3 sourcesMay 5Low
- Economy· MENA
Saudi Central Bank's Reserve Assets Reach Record SR1.86 Trillion
The Saudi Central Bank (SAMA) has reported a significant increase in its reserve assets, reaching SR1.86 trillion in March 2026. This surge is primarily driven by a rise in investments in foreign securities, reflecting a robust investment strategy. The long-term implication suggests enhanced economic stability and increased investor confidence in Saudi Arabia's financial health.
3 sourcesMay 5Low
- Business· UAE
UAE Launches 'Make it in the Emirates 2026' Initiative to Strengthen Industrial Sector
The UAE has officially launched the 'Make it in the Emirates 2026' initiative aimed at enhancing its industrial capabilities. This initiative is driven by the need for strategic planning and flexibility in response to current economic challenges. Long-term, this move is expected to bolster the UAE's economic resilience and position it as a leader in industrial innovation on the global stage.
3 sourcesMay 5Low
- Economy· MENA
Egypt announces plan for wheat self-sufficiency by 2028
Egypt's Minister of Agriculture has unveiled a strategy for the country to achieve self-sufficiency in wheat production by 2028. This initiative is driven by the need to reduce reliance on wheat imports, as Egypt is the world's largest importer of wheat. If successful, this plan could significantly enhance Egypt's food security and reshape its agricultural landscape.
3 sourcesMay 5Moderate
- Economy· MENA
Saudi non-oil private sector returns to growth in April 2026
The Saudi non-oil private sector experienced a recovery in April 2026, with the Purchasing Managers' Index rising to 51.5, indicating growth. This shift is attributed to increased production and new orders despite ongoing regional tensions affecting raw material prices. The long-term implication suggests that sustained demand and effective cost management could bolster the sector's resilience against future disruptions.
3 sourcesMay 5Low
- Business· UAE
EgyptAir and Emirates Airlines Resume Flights to UAE as Air Traffic Normalizes
EgyptAir has resumed its flights to the UAE, marking a significant recovery in air travel within the region. This resumption follows the UAE's General Civil Aviation Authority announcement on May 2, 2026, declaring the return of normal air traffic. The long-term implication is an expected increase in passenger volumes and enhanced connectivity as airlines ramp up operations further.
4 sourcesMay 5
- Crypto· World
MegaETH's MEGA token drops 38% post-launch despite strong total value locked
The MEGA token of MegaETH experienced a significant price drop of 38% within 72 hours of its launch on major exchanges. This decline follows the token's initial surge to an all-time high, indicating immediate selling pressure from investors. The ongoing total value locked of nearly $600 million suggests potential for recovery and future growth in the cryptocurrency market.
3 sourcesMay 5Low
- Crypto· World
U.S. Senate Advances CLARITY Act for Cryptocurrency Regulation
The U.S. Senate is advancing the CLARITY Act after reaching a compromise on stablecoin yield provisions. This legislative progress is occurring now due to the finalization of these provisions, which has garnered support from the crypto industry despite ongoing concerns. The long-term implication is that this act could reshape the operational landscape for cryptocurrency firms in the U.S., influencing how they engage with consumers and regulators.
3 sourcesMay 5High
- Crypto· World
Brazil bans cryptocurrencies for cross-border payments
Brazil's central bank has enacted a ban on the use of cryptocurrencies, particularly stablecoins, for cross-border payments. This decision comes as part of a broader effort to regulate the crypto market in Brazil, where approximately 90% of crypto transactions involve stablecoins. The long-term implication may lead to a reevaluation of crypto regulations in other countries as they observe Brazil's approach, potentially fragmenting the global crypto market.
3 sourcesMay 5Low
- Crypto· World
Coinbase Advances CLARITY Act as Bitcoin Surges to $80,000
Coinbase has reported progress on a Senate deal that may facilitate the passage of the CLARITY Act, coinciding with Bitcoin reaching a price of $80,000. This surge is driven by increasing investor confidence in the cryptocurrency market amid positive regulatory developments regarding stablecoins. As regulatory clarity improves, institutional adoption of Bitcoin is expected to rise, potentially stabilizing its market value in the long term.
3 sourcesMay 5High
- Crypto· World
Paradigm Bitcoin Proposes PACTs to Safeguard Dormant Bitcoin from Quantum Threats
A new proposal for Provable Address-Control Timestamps (PACTs) was introduced to protect dormant Bitcoin holders from potential quantum computing risks. This initiative is prompted by the increasing advancements in quantum technology that could compromise Bitcoin's cryptographic security. If successful, PACTs could redefine asset management in the cryptocurrency space, ensuring the long-term viability of Bitcoin against future technological challenges.
3 sourcesMay 5Low