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Gulftainer’s USD 2 bn Khorfakkan bet, and the limits of the east coast boom
The Hormuz closure has turned the UAE’s east coast into the country’s main gateway, but the freezones behind the quay…
THIS MORNING: IRH and Zambia move past mining spat + DAE taps Asian banks for USD 2.1 bn in funding
Plus: Kuwait studies access to a pipeline route through the UAE to Fujairah
THIS MORNING: UAE officials order investigation into flydubai incident + Paramount takeover gets a timeline and a financing plan
Plus: FAB is eyeing syndicating part of its USD 5 bn swap with Nigeria
THIS MORNING: UAE is lining up another USD 25 bn in investment for India + regional crude exports on track for strongest month since war began
Plus: The AI rollout is coming to Abu Dhabi courts
Etihad Rail Freight + AD Ports set up Abu Dhabi-Fujairah service
The move is part of the inland piece of the puzzle to hedge against future Hormuz disruption
THIS MORNING: Mubadala eyes investment in Italian gas turbine maker + a settlement to the Paramount antitrust lawsuit could be on the way
Plus: SIB taps advisors for sukuk offering
ADFD gives Jordan another boost, Oro raises USD 3 mn, Fujairah to add 1.7 mn tons of cement capacity
The Abu Dhabi Fund for Development is backing a USD 70 mn expansion of Jordan’s natural gas network
THIS MORNING: Fujairah workaround attracts Aramco attention + AD Ports’ tender clock starts
Plus: IRGC reportedly detains UAE-linked tanker in Hormuz
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