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THIS MORNING: Paramount’s Warner Bros. offer gets Adia backing? + Adnoc in talks to acquire Sefe’s trading unit
Plus: GCC aims to finalize joint air defense shield soon
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
THIS MORNING: November was a bad month for stocks + You’ll pay more at the pump this month
Plus: UAE could have a role in the US’ AI supply chain push
Dubai introduces tighter regulations for trading petroleum products
The Dubai Supreme Council of Energy will oversee petroleum products trading
Taqa, Dubal Holding take over EGA’s power and water generation assets, eye boosting clean power capacity for EGA
Taqa and Dubal will purchase EGA’s power and water assets in Al Taweelah for USD 1.9 bn
GulfNav finally seals AED 3.2 bn acquisition of Brooge’s assets
The acquisition puts GulfNav on course for a projected paid-up capital of about AED 3.5 bn
THIS MORNING: December will be a busy month for travel + Non-Emiratis can now foster children under new amendments
Plus: Ripple stablecoin gets ADGM approval
JPMorgan sees oil prices dipping as low as USD 30 per barrel in 2027
This comes as oil markets enter a phase of oversupply
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