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ADNOC to invest $6.2 billion in expanding natural gas business

At full capacity, the offshore Umm Shaif project will deliver up to 600 million cubic feet of gas a day, about 10% of the UAE's current consumption

JPMorgan to help finance construction of Aramco Stadium

The financing structure is modeled on Aramco's pipeline transactions, which drew EIG Global Energy Partners and Global Infrastructure Partners

Alabbar to invest $20 billion in Syrian reconstruction venture

The Dubai-based founder of Emaar Properties plans to build tens of thousands of homes alongside resorts, offices, schools and hospitals

Saudi-backed Lucid Motors hires restructuring firm to cut costs

The review comes as the Public Investment Fund reins in spending for its portfolio companies, slows parts of NEOM and cuts support for LIV Golf

DP World plans UAE port that would bypass Strait of Hormuz

The move is part of a wider UAE effort to protect its economy after conflict with Iran sharply reduced traffic at Jebel Ali, the country's biggest port

Quick Hits

The Daily Circuit: DP World’s Fujairah move + Red Sea strikes

The Daily Circuit: Saudi nuclear deal + U.S. resumes Lebanon flights

TAKING FLIGHT

PIF-backed The Helicopter Co. expands into private jets with Bombardier deal

GREEN LIGHT

Saudi Arabia and U.S. strike deal on nuclear program

beyond crude

ADNOC to invest $6.2 billion in expanding natural gas business

The Daily Circuit: ADNOC bets big on gas + Diriyah hires Parsons

gulf goal

PIF’s Al-Rumayyan, Mubadala’s Al Mubarak lead fans from Gulf at FIFA World Cup final

EGYPTIAN SHORES

Qatar taps Skidmore, Owings & Merrill for Egypt coastal project

american vision

ADNOC’s XRG targets U.S., Latin America in global expansion

The Daily Circuit:  XRG’s American vision + Mubadala Capital in France 

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