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AI + Innovation (MENA) 
Infrastructure 
Brookfield snaps up controlling stake in GII warehouse space
GII’s realty platform includes 1.5 mn sqft of warehouse space
Shorages closes USD 1 mn pre-series A funding from Saudi-based Joa Capital
The funding round will allow Shorages to expand its operations in the GCC
Budget Saudi subsidiary snags stake in Overseas Development UAE unit
Adani formed the JV with Esyasoft in December last year
The UAE’s exports hit USD 488 bn in 2023 –WTO
The UAE ranked 14th in the world for global merchandise exports
EasyLease acquires majority stake in United Trans
The acquisition sees EasyLease establishing a footprint in the regional smart mobility and railway sectors
Adnoc begins crude oil production from Belbazem offshore block
PLUS: DP World to boost container handling capacity globally
DP World to build new grain and fertilizer terminal at Brazil’s Santos Port + boost global handling capacity by year’s end
The new terminal is set to handle 12.5 mn tons per year
The first UAE bond ETF goes live today + RedBird IMI has another week to save its Telegraph acquisition
Good morning, lovely people. We have a packed issue for you this morning, with plenty of news from Mubadala —…
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