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Semafor

US inflation jumps, though long-term war impact yet to be seen Hospitals consider replacing some radiologists with AI Amazon takes a jab at Nvidia over chips shift VCs step in to fund university upstarts Exclusive: Anthropic is gaining on OpenAI’s revenue, but hasn’t yet eclipsed it Exclusive: AI powerhouses threaten data processing firms A South African artist is changing the way viewers understand Picasso’s Guernica Airbnb faces familiar battle in Cape Town First look at war-related inflation sparks political jostling View: China’s state businesses are reshaping markets in Africa US issues Nigeria travel warning over terrorism, kidnapping FirstRand exits UK business after regulatory hit Afreximbank’s $800M answer to Fitch Exclusive: Navy takes nuclear-powered sub offline after $800 million cost run-up Cuba leader says he will not step down Fed, Treasury summon Wall Street chiefs over AI fears How Bluesky earned its reputation — and why it could be the way of the future China eyes stronger Taiwan influence Orbán slams Hungary’s opposition as he trails in polls Iran war reshapes air travel, perhaps for the long term Tehran residents embrace calm amid tenuous truce Countries lack fiscal capacity to handle war fallout Higher producer prices ease China deflation fears Trump ‘optimistic’ on Iran peace talks Inside the five-year succession plan at a $130B warehouse giant Georges Elhedery on HSBC’s big bets on the Gulf and Asia Warsh’s Fed hearing slips past next week Moore takes on the Sun’s ‘MAGA billionaire’ and more Debatable: AI titans influencing regulation Americans still think taxes are too high, poll finds Lawmakers await Pentagon’s mystery funding request Semafor convenes largest US CEO gathering next week in Washington American Gen Zers are growing more uneasy about AI Amazon defends high AI spending AI turbocharges Chinese microdrama industry OpenAI pauses UK Stargate project UK rejects Iran’s Hormuz toll plan Israel, Lebanon to hold direct talks Republicans fight among themselves over their long pre-election to-do list Exclusive: Gulf sovereigns quadruple private credit portfolios Abu Dhabi’s Mubadala soars after dealmaking spree View: Ceasefire offers respite, but no quick rebound for the Gulf A Saudi oil magazine is publishing some of the best writing about the Islamic world Exclusive: SpaceX bankers game plan to blunt post-IPO selling tsunami Exclusive: Hormuz closure turns truckers into logistics saviors View: As Republicans embrace AI in campaigning, Democrats bet on a backlash Oil prices remain high despite Iran ceasefire Ancient philosopher text unearthed Panama pushes back against China in canal row China’s yuan set to strengthen due to Middle East war View: Ceasefire shows the power of Iran’s energy weapon EU faces ‘stagflation’ over war, economy official warns Trump slams NATO again Iran war support Iran maintains firm grip on Hormuz traffic Israel’s attacks in Lebanon threaten Iran war truce VP Vance to lead Iran truce talks in Pakistan Exclusive: Democrats pressure Pentagon over new media restrictions Exclusive: Ex-diplomat says war has permanently harmed Qatar-Iran ties Israel’s Netanyahu says Iran ceasefire is not ‘end of the war’ Iran truce already in doubt Exclusive: Saudi’s $100 billion electronics fund removes head, drops chip ambitions Trump administration expected to keep waiving Russian oil sanctions as Iran call looms Democrats to force Iran vote next week View: Why OpenAI’s slowdown isn’t as bad as it looks AI research foundation releases test that will warn when AGI arrives Data-center proponents targeted by shooter Exclusive: Microsoft says AI voice command needs more work Anthropic’s Mythos won’t solve the cybersecurity crisis View: Africa begins to feel economic pain of Iran war Gulf countries push nationals to take private sector jobs Türkiye’s chance to take on the Gulf as a haven for business Gulf stocks surge and oil falls after ceasefire deal Lagos celebrates Afro-Brazilian legacy through carnival Ghana hands major gold mine to local operator Zambia-Lobito rail link to cost up to $5 billion Afreximbank unveils $10B support plan for Africa to ease Iran war impact Dangote refinery increases exports amid Iran war supply shocks Global shipping disruption rocks Kenyan economy Democracy improves globally though gains are uneven, report says Cuba launches new banknotes to help ease transactions China’s graft drive ‘has not worked,’ analysts say UK Navy deploys anti-drone weapons amid global scramble All eyes on Hormuz traffic after ceasefire unveiled What Sharpton wants to hear from 2028’s Democratic contenders Iran ceasefire is a diplomatic triumph for Pakistan Oil drops on Iran-US ceasefire news Iran, US agree to two-week ceasefire Fewer in US, Canada see good job opportunities, report finds Exclusive: OpenAI goes after Ari Emanuel’s WME in Musk legal drama Trump agrees to suspend Iran attacks for two weeks Trump backs off threat to annihilate Iran Indian 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PepsiCo eyes local production boost in Abu Dhabi
Kelsey Warne · 2026-05-11 · via Semafor

PepsiCo franchisee Abu Dhabi Refreshment Company is spending $82 million on a new production facility in the UAE capital, as supply chain issues stemming from the Iran war accelerate efforts to produce more locally. The US food and beverage giant — maker of Aquafina, Gatorade, Lay’s, and Quaker Oats — has been working with the UAE government to keep grocery shelves stocked without interruption or price increases, Wael Ismail, PepsiCo’s VP of corporate affairs, told Semafor.

So far, the company has managed it, including through middle-of-the-night calls to officials to release shipments stuck at ports outside its usual routes. “There are things we will still continue to count on to be imported to the region,” Ismail said, but PepsiCo aims to localize “whatever we can.” Still, industry experts have warned that consumers in the region are eventually going to start feeling the pinch even as authorities crack down on price hikes on essential goods.

Kelsey Warner