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A more nuanced look into the impact of the Strait of Hormuz’s closure on the GCC
Hormuz typically accounts for around 25% of global seaborne oil trade and some 20% of global LNG trade
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
THIS MORNING: The UAE’s non-oil PMI hit a 12-month high in Feb + firms signal business as usual amid ongoing conflict
Plus: Dana Gas halts production at Iraq’s Khor Mor
THIS MORNING: School’s still out + Markets open today for the first time since the war hit
Plus: First signs of supply chain distress hit China-Gulf corridor for sulfur
THIS MORNING: JPMorgan trims Gulf growth forecast + Adnoc shelves dim sum issuance amid regional conflict
Plus: Expect a volatile market open tomorrow, pundits say
THIS MORNING: Int’l players assess UAE operations amid strikes + Opec to raise production in April
Plus: The competition is heating up for India’s IDBI
Exus buys into Masdar’s Portugal wind portfolio
The energy group has agreed to acquire 60% of a portfolio of nine wind farms in northern and central Portugal
UAE, South Korea sign USD 35 bn defense pact, agree to “restructure” investments
Seoul and Abu Dhabi are dialing up their strategic partnership — this time with a USD 65 bn pipeline of…
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