Hormuz typically accounts for around 25% of global seaborne oil trade and some 20% of global LNG trade
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MARCH 19-20 March (Thursday-Friday): Eid Al Fitr, public holiday. 26-28 March (Thursday-Saturday): Social Capital Conference, Dubai. 28-29 March (Saturday-Sunday): Emirates International Congress on AI & Visionary Leadership in Transforming Healthcare, Adnec Center Abu Dhabi. 30 March - 2 April (Monday-Thursday): IAAPA Middle East Exhibition and Conference, Adnec Center, Abu Dhabi. 31 March - 2 April […]
THIS MORNING: Attacks on energy infrastructure in the Gulf continue + Flights disrupted last night due to missile threat
Plus: Fitch sees Strait of Hormuz closure as posing a “limited” shock to oil prices
Abu Dhabi sovereign wealth funds could repurpose their strategies toward critical sectors in case of a war escalation
Funds could shift towards “resilience investments” and sectors like logistics, security infrastructure, and defense
Adia pivots capital into PayPay Nasdaq listing following USD 3.1 bn Medline exit
Adia is part of a consortium investing over USD 200 mn in PayPay’s US listing
Mubadala-owned firm set to begin construction on Southern Europe’s largest green hydrogen plant
The plant is earmarked for hard-to-abate sectors and is set to offset some 250k tons of CO2 annually
2PointZero Group acquires luxury packager
The acquisition follows hot on the heels of another takeover earlier this week