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Sheikh, Rattle, Roll on the ASX
Iridium Global Ventures founder Akshaya Naronikar features in The Saturday Telegraph's Stockhead column, outlining why Gulf state sovereign funds and family offices are looking to Australia as a safe home for petrodollars, with an appetite for resources, biotech and infrastructure.
Date
June 6, 2026
Topic
Finance

Coverage overview

Iridium Global Ventures founder Akshaya Naronikar was profiled in Tim Boreham's Stockhead column in The Saturday Telegraph on 6 June 2026, positioned as an authority on Middle Eastern capital flows into Australian markets.

Key argument

Naronikar argues that large volumes of Gulf state money are heading to Australia as sovereign funds and family offices seek a safe destination for petrodollars, with the potential to move the share market. She frames Australia as a preferred option over the US and Europe.

Sectors in focus

The article captures her view on investor appetite for critical minerals, biotech, infrastructure and data centres, naming ASX stocks including ProMedicus, Paladin Energy, Boss Energy, Arafura Rare Earths, Pilbara Minerals, Liontown Resources and NextDC.

Commentary value

The piece showcases Naronikar's commentary on Australia's tax settings, political stability and the cultural dynamics shaping Middle Eastern investment decisions, reinforcing Iridium Global Ventures' positioning as a bridge between Gulf capital and Australian opportunities.

The Saturday Telegraph