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
5842 stories- Business· World
Microsoft plans layoffs affecting 2.5% of workforce amid rising AI costs
Microsoft is preparing to lay off under 2.5% of its workforce as part of a cost-cutting initiative. This decision comes in response to increasing spending on AI and broader economic pressures impacting the tech industry. The layoffs are likely to prompt further workforce adjustments across the sector as companies adapt to changing market conditions.
4 sources2d ago
- Economy· World
Oil prices decline following positive US-Iran negotiations in Doha
Oil prices fell after positive developments in US-Iran negotiations. The talks aimed to address tensions between the US and Iran, with Qatar's Foreign Ministry indicating progress was made. As diplomatic efforts continue, the oil market will remain volatile, with prices likely to fluctuate based on the evolving situation between the US and Iran.
3 sources2d ago
- Economy· World
Kevin Warsh's ECB Forum Appearance Signals Strategic Monetary Policy Alignment
Kevin Warsh, the new Federal Reserve Chair, made his first public appearance at the ECB Forum, emphasizing alignment with global central banks while remaining non-committal on interest rates. This ambiguity has triggered speculation about a hawkish stance, influencing market expectations and driving Bitcoin's price above $60,000. As Warsh establishes his leadership style, financial markets will closely monitor his communications for clearer signals on future monetary policy.
6 sources2d ago
- Business· World
Blue Owl Faces $4.7 Billion in Investor Withdrawal Requests
Blue Owl has reported significant investor withdrawal requests totaling $4.7 billion from its private credit funds. This surge in withdrawal requests comes amid financial losses and declining valuations, prompting the firm to actively seek ways to retain investor confidence. The situation raises concerns about the sustainability of business development companies in the current market environment and may lead to strategic reassessments within the sector.
3 sources2d ago
- Crypto· World
Circle's USDC Faces Competition from Open USD Consortium
Circle's USDC is experiencing heightened competition due to the recent launch of the Open USD consortium, which is backed by major players like Stripe and Coinbase. This shift is prompting analysts to caution investors about USDC's future growth potential amidst these competitive pressures. In the long term, the stablecoin market may undergo significant changes in dominance, requiring established players to innovate and adapt to maintain their market positions.
3 sources2d ago
- Business· World
Kroger acquires Giant Eagle for $1.65 billion to enhance market position
Kroger has announced its acquisition of Giant Eagle for $1.65 billion. This strategic move follows a failed merger attempt with Albertsons, aiming to bolster Kroger's market presence. The acquisition is expected to unlock growth opportunities and increase competitiveness in the grocery sector.
4 sources2d ago
- Business· World
Michael Burry shorts Caterpillar stock for the first time amid AI valuation concerns
Michael Burry has initiated a short position against Caterpillar, marking a significant shift in his investment strategy. This move comes as he expresses skepticism about the sustainability of stock valuations driven by the recent AI market rally. The long-term implication may involve increased scrutiny and potential corrections in AI-related stock valuations across the market.
6 sources2d ago
- Business· World
Nissan CEO Implements Revitalization Plan Amid Tariff Challenges
Nissan's CEO Ivan Espinosa is launching a strategic plan to revitalize the company in response to intense competition and U.S. tariffs on Mexican-made vehicles. The urgency of this initiative is driven by the need to maintain production in the U.S. despite economic pressures. Long-term, Nissan's focus on innovation and adaptation will be crucial for its competitiveness in the evolving automotive market.
3 sources2d ago
- Economy· World
China Expands Restrictions on Fortescue Ltd.'s Iron Ore Exports
China's state-backed iron ore buyer has intensified restrictions on Fortescue Ltd., now including new purchases of its Super Special Fines product. This escalation is occurring amid ongoing supply negotiations between the two parties, highlighting a deepening dispute. The long-term implication could reshape the dynamics of iron ore supply and demand, significantly impacting Fortescue's market position.
3 sources2d ago
- Business· UAE
MGX raises $49 billion for AI fund, positioning itself as a key player in global AI investments
MGX has successfully raised $49 billion for a dedicated artificial intelligence fund, exceeding its initial target of $45 billion. This fundraising success is driven by the increasing demand for AI technologies and the competitive landscape among sovereign wealth funds. In the long term, MGX's substantial financial backing is expected to significantly influence innovation and investment strategies within the AI sector globally.
5 sources2d ago
- Economy· World
Bank of England warns of financial instability risks from autonomous AI systems
The Bank of England has raised alarms about the potential for autonomous AI systems to destabilize financial markets. This warning comes amid increasing discussions at the European Central Bank's Forum, where experts are concerned about the implications of AI on market volatility and cybersecurity. In the long term, this could lead to urgent regulatory reforms aimed at mitigating financial risks associated with AI technologies.
3 sources2d ago
- Business· World
Paramount seeks EU approval for $110 billion acquisition of Warner Bros. Discovery
Paramount Skydance has submitted remedies to the European Commission for its $110 billion acquisition of Warner Bros. Discovery. This move comes as the company aims to address competition concerns, prompting the EU to extend its review deadline. The outcome of this review will significantly influence the future of media consolidation in Europe and may lead to further regulatory scrutiny of similar deals.
4 sources2d ago
- Economy· World
Resumption of Oil Flows Through Strait of Hormuz Raises Concerns of Global Surplus
Oil flows through the Strait of Hormuz have resumed, contributing to a potential surplus in the global oil market. This shift follows the easing of tensions from the Iran war, prompting analysts to predict oversupply despite nations working to rebuild stockpiles. The long-term implication is likely price volatility as market participants adjust to the increased supply levels.
3 sources2d ago
- Economy· World
USDA launches $500 million initiative to enhance domestic fertilizer production
The USDA has announced a $500 million program to expand fertilizer production in the U.S. in response to supply chain disruptions caused by the ongoing conflict in Iran. This initiative aims to alleviate challenges faced by farmers in accessing fertilizers, which have impacted agricultural productivity. Long-term, this could lead to increased agricultural resilience and reduced dependency on foreign fertilizer supplies.
3 sources2d ago
- Economy· MENA
UAE-Ukraine CEPA set to enhance trade relations from July 2026
The comprehensive economic partnership agreement between the UAE and Ukraine will officially take effect on July 1, 2026. This agreement is being implemented now to eliminate tariffs and stimulate economic growth, with a projected GDP increase of $1.24 billion by 2031. In the long term, this partnership is expected to strengthen bilateral relations and pave the way for further economic collaborations between the two nations.
4 sources3d ago
- Economy· MENA
Saudi Arabia's unemployment rate drops to historic low of 6.4%
Saudi Arabia's unemployment rate has fallen to 6.4%, with women's unemployment reaching a record low of 9%. This significant decline is driven by government initiatives aimed at enhancing workforce participation and job quality. The long-term implication is expected to be further improvements in labor market conditions, particularly for women and youth, as the government continues to implement its Vision 2030 strategies.
3 sources3d ago
- Business· UAE
Emirates Airlines appoints first female Emirati captains
Emirates Airlines has promoted Captain Hanan Mohammed Jawad and Captain Bakhita Al Mheiri as its first female Emirati captains. This historic achievement is a reflection of the UAE's ongoing commitment to empowering women in various sectors, particularly in aviation. The long-term implication is expected to be an increase in female representation in aviation roles, inspiring future generations of women to pursue careers in this field.
3 sources3d ago
- Economy· MENA
Saudi Arabia raises Saudization rate for engineering jobs to 30%
Saudi Arabia has increased the Saudization rate for engineering professions in the private sector to 30%. This decision is part of the Vision 2030 strategy aimed at reducing unemployment and enhancing the participation of Saudi nationals in the workforce. The long-term implication is expected to be a significant increase in job opportunities for Saudi engineers, contributing to a more skilled labor market.
4 sources3d ago
- Economy· MENA
Saudi Arabia mandates 30% Saudization in engineering professions by 2026
Saudi Arabia has announced a new policy requiring a 30% Saudization rate in 46 engineering professions within the private sector, effective June 30, 2026. This initiative is driven by the government's goal to enhance local employment and align job opportunities with market needs. The long-term implication is a significant increase in job opportunities for Saudi engineers, potentially transforming the engineering sector's workforce dynamics.
5 sources3d ago
- Business· UAE
Emirates Airlines Converts Boeing 777 Passenger Aircraft into Freighter
Emirates has deployed the first converted Boeing 777-300ERSF freighter aircraft into commercial service. This historic conversion is driven by the airline's strategy to enhance cargo capacity in response to rising demand for air cargo services, particularly from the e-commerce sector. The long-term implication is that Emirates SkyCargo is positioning itself to significantly expand its fleet and network to capitalize on the growing global air cargo market.
3 sources3d ago