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Abu Dhabi wants to more than double food self-sufficiency by 2040
The new strategy needs a 3.6x jump in the farm economy, and private capital to pay for it
UAE contractors back away from fixed-price contracts as materials costs climb
Work already underway is still moving, but contractors want clients to carry the price swings
More wheat for Egypt, India’s SEPC to acquire Wintality, Channel Capital backs SME lending platform, and GMNSM raises USD 2 mn
Abu Dhabi-based Al Dahra has begun implementing a five-year wheat supply agreement with Egypt worth up to USD 500 mn
THIS MORNING: Dragon Oil in running for Egypt oil field concessions + MGX eyes USD 20 bn data center player
Plus: T+0 gold contracts are now available on the Dubai Gold and Commodities Exchange
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
THIS MORNING: UAE-backed Indian telecoms giant in talks with investors for IPO + Are oil refiners using AED to avoid using USD?
Plus: Abu Dhabi is clamping down on price gouging as supply chain disruption continues
THIS MORNING: Have you booked your staycation yet?
From oil to food supply chains, disruptions are causing countries to look for fallback strategies
THIS MORNING: Markets close in green for first time since war began + DP launches land bridge to bypass port disruption
Plus: The UAE’s tourism sector is the most exposed in the Gulf
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