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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
Al Jaber says Strait of Hormuz disruption is “economic terrorism” as LNG exports stall
Adnoc Gas has reduced output at Das Island to very low levels, sources say
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
Iranian drones target DIFC + Fujairah port over the weekend
This follows warnings from Iran last week of potential targeting of US financial and tech infrastructure
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
THIS MORNING: Events scheduled for later this year put on hold + DHL looks to push ahead with regional investments
Plus: A new initiative time to boost local produce
THIS MORNING: A Mubadala arbitration W forces a private foundation into insolvency + IEA greenlights opening up the emergency reserves
Plus: Work is starting back up on Wynn Al Marjan
Drone strike halts operations temporarily at Adnoc’s Al Ruwais refinery
The refinery is the UAE’s largest, with a processing capacity of over 900k bbl / d of oil
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