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Kuwait, Qatar shipping more oil from Gulf, using smaller vessels

Daily oil traffic through the Strait of Hormuz has nearly doubled since mid-July, rising to some 7 million and 8 million barrels as crude prices drop

Axel Springer invests in The Circuit, expands to Middle East

The firm, which publishes Bild, The Telegraph and Politico, aims to be the top provider of digital and AI-supported journalism in the free world

Saudi Arabia may subsidize war insurance costs for Gulf shipping

The Saudi Export-Import Bank would provide additional backing to the companies, with other Saudi insurers, international firms potentially joining

Saudi leader to join Macron for Esports World Cup in Paris

The French president will host talks on economic ties and Middle East stability, while inaugurating the Franco-Saudi Strategic Partnership Council

Saudi Arabia transfers stakes to PIF in four top football clubs

The sovereign wealth fund is receiving 25% holdings in Al-Ittihad, Al-Ahli, Al-Hilal and Al-Nassr that are currently held by nonprofit foundations

Quick Hits

cargo comeback

Kuwait, Qatar shipping more oil from Gulf, using smaller vessels

The Daily Circuit: Kuwait, Qatar boost oil shipments + EDGE’s Brazil cyber center

SHIP SHOPPING

ADNOC spends $2.7 billion to buy new ships amid Iran conflict

The Daily Circuit: Axel Springer invests in The Circuit + ADNOC’s new ships

gulf DEBUT

Axel Springer invests in The Circuit, expands to Middle East

Soaring rates

Saudi Arabia may subsidize war insurance costs for Gulf shipping

The Daily Circuit: Saudi war insurance help + TotalEnergies invests in UAE

french connection

MBS, Macron love ‘manga’ comics so much, they plan a theme park

The Daily Circuit: Aramco ships circle Africa + Ma’aden secures $1B in loans

continental shift

Aramco sends oil on African detour to reach customers in Asia

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