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AriseIIP will invest USD 3 bn in Kenya over the next five years
The region is poised to benefit from the regional war as global firms diversify trade routes
THIS MORNING: Dubai, Oman team up to bypass logistics bottlenecks + IHC signs off on buyback program up to AED 5 bn
Middle East crude benchmarks are also posting record highs
TotalEnergies halts offshore oilfield production, Citi shuts down offices as war enters day 14
Plus: Attacks continued on vessels off of the coast of the UAE
More attacks at Hormuz
Operations at DXB were halted temporarily yesterday morning
Could Hormuz’s closure disrupt the UAE’s food supply?
Alternatives like rerouting through neighboring countries and air freight could help, but they’re slower and more expensive
Airspace opens up as frequency of attacks dips on day three of US-Israel-Iran war
Damage was seemingly limited in the UAE on day three, with only one reported incident of debris from missile interceptions…
AD Ports Group to acquire a 20% stake in Syria’s Latakia Container Terminal
The transaction is valued at AED 81 mn
Emirates Food Industries to develop AED 2 bn grain storage and processing complex at Khalifa Port
The firm will set up silos with a storage capacity of around 150k metric tons
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