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UAE fast-tracks new oil pipeline to sidestep Strait of Hormuz risks

Saudi Arabia restored its East-West oil pipeline to full capacity last month, fixing damage linked to the Iran conflict that disrupted cross-country flows

L’imad, BlackRock, Temasek, ADNOC to co-invest $30 billion

The massive combination of capital indicates the ambitious agenda of the L’imad sovereign fund, which last year acquired most of ADQ’s holdings

Abu Dhabi cultivates an island of museums to dazzle investors

As the Guggenheim Abu Dhabi prepares to open later this year, the UAE capital sees its burgeoning Saadiyat Cultural District as a creative driver of economic growth

Dubai’s ruling family boosts Emaar stake in $6.5B transfer

Dubai’s real estate prices have taken a dip amid two months of missile and drone attacks from Iran, some of which damaged buildings in the city center

Aramco’s Nasser sees slow recovery of oil when Strait opens

Saudi petroleum giant reports 26% jump in first-quarter profit, driven by higher crude prices, as traders race to price in war risk, supply shortages

Quick Hits

OMAN IPO

Oman India Fertiliser Co. eyes $2.5B IPO amid price surge

HORMUZ BYPASS

UAE fast-tracks new oil pipeline to sidestep Strait of Hormuz risks

The Daily Circuit: ADNOC to fast-track new pipeline + Mubadala finances LNG

SOVEREIGN PUSH

L’imad, BlackRock, Temasek, ADNOC to co-invest $30 billion

AI RAISING

Cerebras raises $5.5B ahead of Nasdaq debut in landmark IPO

MERGING TRAFFIC

Dubai Taxi to purchase its rival National Taxi for $395 million

The Daily Circuit: L’imad’s $30B fund with BlackRock + Cerebras reaches Wall St.

football fever

Khaldoon Al Mubarak opens Manchester City Women’s new $13.5 million training center

ARABIAN FREEWAY

Gulf trucks cruise desert corridor as war chokes Strait of Hormuz

The Daily Circuit: Trucking across Saudi Arabia + Aramco’s $10B property sale

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