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Pramod Kumar

United Kingdom
As seen in: Arabian Gulf Business Insight (AGBI), LinkedIn, Forbes, Medium, MSN, MSN India, MSN UK, Color Research & Application, Daily Mail, Nature, Wiley and
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Articles

Qatar backs US autonomous trucker’s $200m funding round

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By Pramod Kumar
| Arabian Gulf Business Insight (AGBI) Verified
The Qatar Investment Authority (QIA) has invested in the latest funding round of US-based autonomous trucking and delivery company Gatik as it scales its freight operations across North America. The $200 million Series D round was co-led by the Gulf sovereign wealth fund and US-headquartered Koch Disruptive Technologies, Gatik said in a statement. QIA did not disclose the size of its investment.
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Bahrain’s economy contracts after Iran war hits oil output

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By Pramod Kumar
| Arabian Gulf Business Insight (AGBI) Verified
Bahrain’s economy contracted in the first quarter of 2026 after a sharp drop in oil activity caused by the US-Iran conflict, according to the latest official data published on Wednesday. Real GDP – a measure of economic growth adjusted for inflation – fell 3.8 percent year on year between January and March. That reversed a 2.7 percent expansion a year earlier and 4.6 percent growth in the fourth quarter of 2026, the state-run Bahrain News Agency reported.
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Qatar seeks to restart US-Iran peace talks as oil slides

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By Pramod Kumar
| Arabian Gulf Business Insight (AGBI) Verified
Oil prices extended their decline early on Thursday as Qatar’s prime minister prepared to visit Iran in a bid to restart peace talks between Washington and Tehran. Brent crude futures fell 0.8 percent to $87.25, while US West Texas Intermediate slipped 0.7 percent to $81.63. Both benchmarks are down nearly 8 percent over the past five days, though they remain more than 40 percent higher in the year to date.
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