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Saudi Arabia’s Bahri sees windfall amid war’s shipping disruption

Bahri’s third-quarter profit jumped tenfold to $1.4 billion as higher freight rates and increased chartering services boosted its oil tanker business

Apollo takes Mubadala Capital stake in $5 billion investment deal

The Wall Street giant is deepening its ties to the investment arm of Abu Dhabi’s sovereign wealth fund, which has been expanding its global reach

Aramco to store oil supplies in Singapore’s underground caverns

The world's largest oil company is seeking storage space abroad amid disruptions in the Gulf and the Red Sea, as well as attacks on a key pipeline

Saudi Aramco seeks to protect its oil by doubling overseas storage

Brent crude climbed above $112 a barrel after deadly Houthi attacks on Saudi Arabia's Dammam airport and Aramco’s Shaybah oil field

Mubadala Bio, Eli Lilly lead UAE dealmaking spree in healthcare

The UAE has embraced GLP-1 weight-loss drugs and was an early launch market for Eli Lilly’s Mounjaro injector pen following its FDA approval

Quick Hits

northern exposure

Canada, UAE sign trade deal, cutting most tariffs on exports

treacherous waters

Saudi Arabia’s Bahri sees windfall amid war’s shipping disruption

The Daily Circuit: Bahri reaps Saudi shipping windfall + Canada-UAE trade pact

The Daily Circuit: Apollo takes Mubadala Capital stake + DP World heads north

GULF CONNECTION

Apollo takes Mubadala Capital stake in $5 billion investment deal

The Daily Circuit: Aramco stashes oil in Singapore caves + Brookfield in Doha

crude reserves

Aramco to store oil supplies in Singapore’s underground caverns

owning it

Core42 expands AI services to help secure ‘sovereign’ data

The Daily Circuit: UAE backs Greek AI transformation + QatarEnergy’s LNG search

gulf gateway

Robinhood sets up regional base for trading operations in Dubai

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