Korra Energi retail tranche closes 31.35x oversubscribed

Good morning, wonderful people, and welcome back.

Leading our issue today

WISH THIS MORNING’S ISSUE was a podcast? We’ve got you. Tap or click here or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses.

Retail runs hot for Korra

The retail tranche of Korra Energi’s IPO closed 31.35x oversubscribed before the Eid El Adha break

REMEMBER- 5.7x oversubscribed

Why it matters: Gourmet’s blockbuster offering

Deep tech gets subsidized

Advanced tech services are joining the government’s export subsidy program statement

MEANWHILE- Communications Ministry USD 1 bn MoU

Checking the AI bill

Corporate leaders are increasingly skeptical that the bns of USD poured into artificial intelligence are actually paying off Axios US National Bureau of Economic Research (pdf)

The big problem is “AI brain fry.” Fortune

Sovereign debt ins. costs fall to pre-war levels: inched down returning to pre-war levels

The regional war had pushed up the cost of insuring our sovereign debt rising to 344.7 bps

It’s more springy in Alexandria

Earning well is not the same as investing well — and for most mid-level executives and entrepreneurs, the gap between the two is wider than they’d like to admit. The financial landscape has shifted. Regional markets are opening up, AI is rewriting how portfolios get managed, and Real Estate Investment Trusts (REITs) are entering the conversation.

And the questions that used to feel straightforward — buy or rent, fund the startup or play it safe, finance the car now or wait it out — are harder to answer than ever.

In Issue 2 of Money Matters, we get into the decisions that don’t have easy answers, because at this stage, playing it safe is the riskiest move you can make.

Coming straight to your inbox — Wednesday, June 3.

The big story abroad

The US-Iran diplomatic stalemate persists exchanging revisions

Meanwhile, on Wall Street: wagering heavily

And in business news: agreeing to acquire

And in the tech world: has premiered

*** It’s Blackboard day: