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Infrastructure 
Hormuz may be reopening — but the actual recovery of flows will take much longer
Around 500 ships are waiting to exit the Gulf through the Strait of Hormuz
AHS plans AED 25 bn mixed use project, Al Bayader is building a packaging and logistics hub in Dubai, and CBD’s new gold product
Plus: Ecohope Solar is buying 600 MW of Trina Solar’s solar PV modules
Another capital markets link-up, more multi-bn AED real estate projects in the pipeline, AD Ports starts Safaga trial run, Algebra AI raises USD 7 mn
Official recognition from Switzerland’s financial regulator could open the door to more Swiss participation on the DFM
UAE’s non-oil sector saw slight improvement in May, but softening demand is still weighing on firms
Positive sentiment around a potential agreement from the US and Iran helped boost the recovery
AD Ports plants flag in Brazil with USD 835 mn acquisition
The acquisition of CLI gives it ownership of strategic port infrastructure in Brazil for the first time
Adia backs insurtech Sapiens, Positron AI comes to DIFC, DP World invests more in Dominican Republic freezone, Adnoc secures gas supply from Azerbaijan
Adia took a minority stake in Sapiens, which remains owned by Advent
MGX invests in Anthropic’s latest funding round + the latest T-sukuk was oversubscribed, again
MGX first invested in the firm back in February
THIS MORNING: Fuel prices are up again + Some hope for ADX’s IPO pipeline?
Plus: UK mortgage lender’s collapse could be messy for FAB
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