Biden Pledges More LA Fires Aid; Lebanon Elects President | Horizons Middle East & Africa 01/10/2025

US President Joe Biden says the government will cover 100% of the costs of the California wildfires for 180-days. Also on the show: economists estimate US employers added 165,000 jobs in December; Lebanon's parliament has chosen army commander, Joseph Aoun, as head of state; Rwandan President Paul Kagame says his nation has nothing to do with M23 rebels operating in mineral-rich territories in eastern Democratic Republic of Congo; Chad's government says it has averted a destabilization attempt after assailants briefly entered the presidency; Bloomberg understands Hershey is asking the top derivatives regulator in the US for permission to buy a huge amount of cocoa through the New York exchange; Wall Street's top banks are said to be planning to give traders and dealmakers their biggest bonus increases since the pandemic; China's central bank says it will suspend buying government bonds; Damac's founder & chairman says the company will provide 30% of the funding for the $20B investment in US data centers announced earlier this week. Guests include: Hamza Ayub, Farro Capital Executive, Director & Portfolio Manager; David Wood, International Crisis Group, Senior Lebanon Analyst; Aarthi Chandrasekaran, Shuaa Capital, Head of Asset Management; Beverly Ochieng, Senior Analyst for Francophone Africa, Control Risks.


Chapters:
00:00:00 Horizons Middle East & Africa
00:03:15 Biden pledges more US aid for LA fires
00:07:42 Hamza Ayub, Farro Capital Executive, Director & Portfolio Manager
00:14:11 Army chief Aoun elected as Lebanon's new president
00:18:20 Rwanda's Kagame pans UN report on Congo crisis
00:26:46 David Wood, International Crisis Group, Senior Lebanon Analyst
00:33:19 Chad foils assault on presidency
00:37:57 Hershey seeks CFTC nod to buy cocoa pile
00:41:34 Wall Street bonuses said to jump
00:55:24 Army chief Aoun elected as Lebanon's new president
00:59:55 Aarthi Chandrasekaran, Shuaa Capital, Head of Asset Management
01:05:43 PBOC to halt government bond purchases
01:16:04 Beverly Ochieng, Senior Analyst for Francophone Africa, Control Risks
01:24:15 Damac to invest $20B in US data centers

Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
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