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Zain to build Syria’s second mobile network in $1.5B deal

The Kuwait-based telecom company will pay $747 million for the license, invest about $800 million to upgrade Syria's aging wireless infrastructure

Strait of Hormuz shipping disruption to last months

Security risks have persisted since the June 17 U.S.-Iran agreement, with an Evergreen Marine container ship attacked after passing through the strait

ADNOC enlists BP, TotalEnergies, China, Japan for gas project

The project will develop natural gas trapped above the Bab oil field, a layer known as a gas cap, that ADNOC says represents the largest of its kind

Allianz cautions on shipping claims from Hormuz crisis

More than 40 commercial vessels were hit during the war, resulting in the deaths of 14 seafarers and generating claims that could include total losses 

Abu Dhabi assesses plans for sovereign funds in turbulent year

Up for review were ADIA, Mubadala, L’Imad and ADNOC, along with major investments executed in international markets since the start of the year

Quick Hits

damascus calling

Zain to build Syria’s second mobile network in $1.5B deal

ECONOMic resilience

Egypt to create fund to help late-stage technology startups

The Daily Circuit: Zain wins Syrian mobile contract + Masdar’s Kazakh wind farm

FOOTBALL LAB

Qatar becomes FIFA’s test site for new football technology

MURKY WATERS

Strait of Hormuz shipping disruption to last months

The Daily Circuit: Shippers expect longer Hormuz delays + Qatar’s FIFA lab

BUNGA BUY

Qatar’s Constellation Hotels to buy Berlusconi’s Villa Certosa

cautious restart

Saudi Aramco resumes oil exports, Qatar readys LNG carriers

The Daily Circuit: Aramco resumes exports + ADNOC Drilling’s AI rig

UNDER THE SEA

Middle East cable delays threaten region’s digital hub ambitions

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