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Adia invests in Yinson Production Offshore’s USD 1 bn funding round
Adia’s exact contribution was not disclosed
Short-term impacts of the Iran-Israel conflict could be positive for the GCC, but longer-term impacts are less certain
Economists are weighing different scenarios depending on both the intensity and the duration of the conflict
THIS MORNING: Middle East IPO pipeline still intact amid conflict-induced jitters + Gulf visa gets the greenlight
Plus: Abu Dhabi eyes AED 47 bn in infrastructure contracts for 2H
Markets rebound, but oil jitters and war risks keep nerves taut
The MSCI Emerging Markets Index rose 1% while US and European equities pared back losses
MENA equities dive on war fears
Egypt bore the brunt of the sell-off
XRG leads consortium bidding for Australian oil and gas firm Santos
Santos intends to accept the offer
How the Israel-Iran escalation could impact the UAE’s economic prospects
While higher oil prices will boost revenues, non-oil growth and investments could be impacted
THIS MORNING: G7 summit kicks off against the backdrop of escalating Middle East tensions
Plus: Dubai to implement flexible working for government employees this summer
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