{"id":87292,"date":"2025-07-02T00:00:00","date_gmt":"2025-07-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/07\/02\/today-aldar-new-warehouse-assets-ninja-secures-usd-250-mn-in-last-funding-round\/"},"modified":"2025-07-02T00:00:00","modified_gmt":"2025-07-02T00:00:00","slug":"today-aldar-new-warehouse-assets-ninja-secures-usd-250-mn-in-last-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/07\/02\/today-aldar-new-warehouse-assets-ninja-secures-usd-250-mn-in-last-funding-round\/","title":{"rendered":"TODAY: Aldar new warehouse assets + Ninja secures USD 250 mn in last funding round"},"content":{"rendered":"

Good morning, friends. <\/strong>We\u2019re inching closer to the weekend with a brisk read, with warehouse, startup, and M&A updates from the UAE, Saudi Arabia, and Egypt. Let\u2019s dive right in.<\/p>\n

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WATCH THIS SPACE-<\/p>\n

<\/a> #1-Iraq is mulling a bid from US-based <\/strong>Excelerate Energy<\/a><\/strong> \u2014 among <\/strong>other US firms \u2014 to get its first floating storage and regasification unit (FRSU)<\/strong>, Bloomberg<\/a> reported last week, citing Ali Salman, acting director of Iraq\u2019s South Gas Company<\/a>. The FRSU will reportedly be based at Basra\u2019s Khor Al Zubair Port and will connect to the Iraqi gas network. Iraq was reportedly in talks with multiple firms<\/a> earlier this year to secure two FSRUs by early June.<\/p>\n

IN CONTEXT-<\/strong> The move comes as Baghdad works on minimizing its energy imports \u2014 electricity and natural gas \u2014 from Iran in response to mounting US pressure<\/a>. The effort reportedly received new urgency after the recent spate of missile exchanges<\/a> between Israel and Iran highlighted the precarious nature of Iran\u2019s natural gas supplies, the news outlet reports.<\/p>\n

Excelerate and regional players:<\/strong> The US firm was reported earlier this year<\/a> to be in talks with the Egyptian government over possible FRSU leases. <\/p>\n

IN OTHER IRAQ UPDATES-<\/strong> Iraq has launched a probe to look into Monday night\u2019s airstrikes on Kirkuk International Airport and Baiji oil refinery, Shafaq News<\/a> reports. The probe comes after the airport was hit by three projectiles with no reported damage to the infrastructure or operations. Authorities increased security around the airports, though no direct threat was identified, Shafaq News<\/a> noted in a separate report, citing unnamed officials. Iraqi air defenses also detected an unidentified drone flying low and close to the Baiji oil refinery in Saladin Governorate, though no disruptions were reported. <\/p>\n

<\/a> <\/strong>#2- <\/strong>US <\/strong>President Donald <\/strong>Trump <\/strong>has signed an executive order lifting certain sanctions on Syria<\/strong>, leaving in effect sanctions on former Syrian President Bashar Al Assad and individuals linked to his regime, according to a statement<\/a>. The move also maintains secondary sanctions targeting individuals conducting business with Syrian military and intelligence institutions, which require legislative action to repeal, the Associated Press<\/a> reports. <\/p>\n

Old names, new designations:<\/strong> The order permits the \u201crelaxation of export controls on certain goods and waives restrictions on certain foreign assistance to Syria,\u201d the statement reads. It also directs a review of current Syrian President Ahmed Al Sharaa and Hay\u2019at Tahrir Al Sham\u2019s designation as \u2018specially designated global terrorists.\u2019<\/p>\n

<\/a> #3- <\/strong>Oman <\/strong>seeks consultancy firm for Al Jabal Al Akhdar Airport:<\/strong> Oman\u2019s Civil Aviation Authority is currently in the process of appointing a consultancy firm to select a site for the slated Al Jabal Al Akhdar airport, Civil Aviation Chairman Nayef Al Abri said (watch, runtime: 00:41<\/a>). The airport is part of a plan to set up six domestic airports, with sites in Suhar, Musandam, and Masirah Island also under evaluation, the Oman Observer<\/a> reports. The investment ticket and timeline for the airport have not been disclosed.<\/p>\n

\n

MARKET WATCH-<\/p>\n

#1- Oil prices remained largely unchanged amid anticipation of Opec+ decision for <\/strong>August production rates<\/strong>, <\/strong>Reuters<\/a> reports. Brent crude futures increased USD 0.02 to USD 67.13 a barrel by 03.45 GMT, while US West Texas Intermediate (WTI) futures declined by USD 0.01 to trade at USD 65.44 a barrel.<\/p>\n

Meanwhile, <\/strong>Saudi Arabia crude production in June outpaced the volume permitted by the <\/strong>Opec+ latest production hike, <\/strong>increasing by 441k bbl\/d to reach 6.36 mn bbl\/d \u2014 the highest level since March 2024, according to Bloomberg<\/a> \u2019s preliminary tanker-tracking data. June\u2019s shipments saw nearly 190 mn barrels dispatched from Gulf and Red Sea terminals to overseas buyers, with the export blitz coinciding with falling global prices. <\/p>\n

In context: <\/strong>The move comes as part of Saudi efforts to claw back global market share and suggests that Riyadh is leaning hard into its strategy even before summer cooling demand tapers off. The coalition\u2019s phased hike allowed the kingdom to add 167k bbl\/d in each of May, June, and July \u2014 part of an 8 member Opec+ move to collectively raise output by 411k bbl\/d monthly. A similar increase is on the table for August, with a decision expected in Sunday\u2019s meeting, Bloomberg said. <\/p>\n

#2- Baltic index dips once again:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 dropped 2.1% to 1,458 points<\/a> on Monday. The capesize was down 4.7% to 2,011 points, while the panamax maintained its level at 1,500 points. The small supramax index inched up 6 points to settle at 1,018. <\/p>\n

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CIRCLE YOUR CALENDAR-<\/strong><\/p>\n

Intermodal Africa<\/a><\/strong> will kick off on Tuesday, 22 July and run till Thursday, 24 July<\/strong> in Beira, Mozambique. The forum will host over 300 senior government officials, industry leaders, academics, senior executives, and harbor masters in the ports, shipping, and logistics sector. Attendees and speakers will be coming from countries across the Middle East, Africa, and Europe.<\/p>\n

Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"

What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":87293,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[18],"tags":[145,35,227,142,356,32,726,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-iraq","tag-lng","tag-oman","tag-syria","tag-trade","tag-usa","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"5311da54-01a7-49db-a58a-0426cec9ff43","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/7\/138.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: 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