Infrastructure 
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AI + Innovation (MENA) 
GulfNav’s shareholders approve AED 3.29 bn acquisition of Brooge Energy assets
The transaction will be settled through a mix of cash, new shares, and mandatory convertible bonds
Dubai Aerospace Enterprise mulls sale of its MRO arm Joramco
DAE holds an 80% stake in Joramco
ADQ secures more shares in Aramex following a voluntary tender offer
ADQ now holds an indirect 58% stake in Aramex
Talabat fully acquires Instashop from Delivery Hero
The cash-based transaction was valued at USD 32 mn reflecting Instashop’s capital amount rather than its fair value
Canada launches retaliatory tariffs on the US, Mexico to respond + US firms to control Panama Canal ports
Stories on our radar this morning from around the world
Qatar Airways gets green light for Virgin Australia acquisition bid
PLUS: Saudi’s PIF eyes stake in aerostructure unit of Italy’s Leonardo
e& sells stake in Khazna + MGX buys in
PLUS: DHL acquires minority stake in KSA’s Ajex
TODAY: Adnoc wraps sale of 4% stake of Adnoc Gas + Qatar gets new oil and gas logistics hub
What we’re tracking this morning regionally and around the world
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