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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
TODAY: Egypt taps consortium for EUR 540 mn Alexandria-Cairo rail link
What we’re tracking this morning regionally and around the world
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
AD Ports exits NMDC with AED 1.6 bn sale to Alpha Dhabi
The sale generated a 17% total shareholder return for AD Ports over three years
Indu Kishore Logistics lands e-commerce facility in Dubai South
PLUS: Port equipment and trade updates from Egypt
Emsteel + Adnoc Gas sign 20-year gas supply agreement
The USD 4 bn agreement comes as part of a larger push to decarbonize the steel-maker’s operation
Al Seer appoints Mark Hawkes as new CFO
PLUS: Gulf Navigation’s chairman steps down
TODAY: Sohar taps local banks for phase two of port, zone expansions
What we’re tracking this morning regionally and around the world
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