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Gulf Navigation’s CEO resigns
Kilani will remain a member of the firm’s board of directors
GulfNav closes AED 613 mn sukuk to refinance Brooge’s debt
Part of the proceeds will go toward expanding storage capacity at the Port of Fujairah
GulfNav seals its long-pending AED 3.2 bn play for Brooge
The acquisition puts GulfNav on course for a projected paid-up capital of about AED 3.5 bn
Al Seer appoints Mark Hawkes as new CFO
PLUS: Gulf Navigation’s chairman steps down
A heap of 3Q, 9M earnings from UAE’s logistics giants
AD Ports and Etihad Group saw robust growth in their earnings
GulfNav returns to black in 1H 2025
The firm’s revenues increased 110% y-o-y to AED 28.5 mn in 2Q 2025
TODAY: Hormuz Strait closure looms + Roads and debt updates from Oman
What we’re tracking this morning regionally and around the world
GulfNav is the new owner of Nasdaq-listed Brooge Energy
The transaction is expected to tick off regulatory approvals before the end of 3Q.
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