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THIS MORNING: Mubadala’s Brazil port attracts interest from buyers + Khorfakkan Port to double handling capacity
Good morning, everyone. The UAE is still building out its east coast hedge, with Sharjah’s port authority planning to double…
Talabat, EGA, Dewa, and Adnic report earnings
An investment push weighed on Talabat’s 2Q earnings even as revenue grew
THIS MORNING: OpenAI brings local inference to UAE + Adnoc is shuttling Iraqi crude across the Strait of Hormuz
Tourism and travel’s contribution to the Gulf’s GDP could drop by 14.5% to USD 330 bn this year
Space42 inks USD 7 mn autonomous mobility agreement + Apparel Group deepens footprint in Madinah
The spacetech firm is teaming up with South Korea’s Autonomous A2Z
THIS MORNING: UAE eyes Japan’s largest data center + UK regulators wave through Paramount’s WBD takeover after assurances
Plus: The UAE is turning Hormuz risk into a market edge
DP World moves in on Antwerp and Australia + Edenred secures CBUAE approval
The logistics giant inked a multi-year agreement in Australia and committed to a cold-chain facility in Belgium
DP World to build special economic zone in Kenya
Mombasa will become DP World’s ninth active African market, joining existing operations in Algeria, Angola, Egypt, Mozambique, Rwanda, Senegal, Somaliland,…
THIS MORNING: Fujairah has become the UAE’s primary export route + the NBA gives the UAE a pass (for now)
UAE jewelry demand was down 28% in 2Q
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