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Saudi PIF weighs pulling funding from LIV Golf amid heavy losses

The potential shutdown follows stalled merger talks with the PGA and scrutiny of Saudi spending amid the league’s limited commercial returns

Mideast conflict stokes Gulf investment in defense, energy

Abu Dhabi-based BlueFive Capital is planning a $3 billion fund focused on aerospace and defense, with an emphasis on advanced technologies

Gulf expats shop for second homes, safe haven in Europe

Hotspots include London, Geneva and Monaco, which are seeing buyers from the UAE, Saudi Arabia and their neighbors amid war in the Mideast

Saudi Arabia repairs East-West oil pipeline after war damage

The restoration adds 7 million barrels back to state-owned Saudi Aramco’s daily oil shipments, even as security risks persist in Gulf shipping lanes

Saudi Aramco-TotalEnergies refinery damaged in Iran attack

The strikes also hit oilfields, refineries and a pumping station on the East-West pipeline, cutting Saudi production capacity by 600,000 barrels a day

Quick Hits

TEED OFF

Saudi PIF weighs pulling funding from LIV Golf amid heavy losses

mideast track

UAE and Jordan sign $2.3 billion deal to develop Aqaba rail link

The Daily Circuit: LIV Golf’s cloudy future + UAE-Jordan rail deal

security concerns

Mideast conflict stokes Gulf investment in defense, energy

The Daily Circuit: Gulf invests in defense + Lucid gets $750M

CLOUDY FORECAST

IMF cuts MENA growth outlook as war disrupts trade, energy

slow recovery

UAE tourism urged to ‘reinvent itself’ as war hits visitor numbers

pied-à-terre

Gulf expats shop for second homes, safe haven in Europe

The Daily Circuit: KBM meets Xi in Beijing + OPEC production slide

TROUBLED Brands

Slow Dubai mall sales threaten luxury shopping recovery

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