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The Daily Circuit

June 9, 2025
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👋 Hello from the Middle East!In the Daily Circuit today, we report on plans by Mubadala-owned GlobalFoundries to invest $16 billion in U.S. chipmakers, IPO preparations by Saudi Arabia’s Specialized Medical Co., ACWA Power’s blueprint for spending $1.9 billion it...

Recent Daily The Circuit Newsletters

Mon, Jun 9
A man holds his child as people stand in the rain during a "rain chase" in the emirate of Sharjah on Saturday. The UAE experiences so little rainfall that “chasing” rain has become a niche hobby for some residents, who have taken to following Muhammed Sajjad, known as "The Weatherman,” as he finds the best places to enjoy the rare occasion of wet weather. (Fadel Senna/AFP via Getty Images)

The Daily Circuit: DP World’s expansion + Mubadala invests in U.S. chipmakers

Wed, Jun 4

The Daily Circuit: EDGE sells ships to Kuwait + AltĂ©rra’s Italian deal

Tue, Jun 3
Muslim worshippers gather to pray around the Kaaba, Islam's holiest shrine, at the Grand Mosque complex in Mecca ahead of the annual Hajj pilgrimage, which starts tomorrow. (Hazem Bader/AFP via Getty Images)

The Daily Circuit: Aramco sells bonds + ADNOC’s Omani oil rigs

Mon, Jun 2
Players lift Paris Saint Germain's Qatari president Nasser al-Khelaifi up in the air as they celebrate during a trophy ceremony a day after the football club won the UEFA Champions League, at the Parc des Princes Stadium in Paris on Sunday. (Thibaud Moritz AFP via Getty Images)

The Daily Circuit: Saudi Airbus orders + UAE eyes Madagascar

Fri, May 30
Pilgrims in Mecca shelter from the heat under giant fans blowing a cool mist, one of the measures Saudi Arabia has taken to protect pedestrians from heat as the Hajj Pilgrimage approaches. A newly opened walkway also includes heat-reducing plastic surfaces, lighting and rest areas with mobile phone charging stations. (Esra Hacioglu/Anadolu via Getty Images)

The Daily Circuit: Tabreed keeps its cool + PIF tech IPO

Thu, May 29
Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, attended the 2025 commencement ceremony of Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) on Wednesday. (Emirates News Agency)

The Daily Circuit: UAE-EU trade talks + Mubadala’s $1B bond sale

Wed, May 28
UAE President Sheikh Mohamed bin Zayed received the Presidential Camel Racing Team at Qasr Al-Bahr palace in Abu Dhabi at a meeting attended by Sheikh Mansour bin Zayed, Vice UAE President, Deputy Prime Minister and Chairman of the Presidential Court, and Sheikh Sultan bin Hamdan, Adviser to the UAE President and Chairman of the UAE Camel Racing Federation. (Emirates News Agency)

The Daily Circuit: PIF backs the Kings League + Dubai REIT kicks off

Tue, May 27
Emir of Qatar Sheikh Tamim, Vietnam's Prime Minister Pham Minh Chinh, Crown Prince of Kuwait Sheikh Sabah Al Khalid Al Sabah, Malaysia's Prime Minister Anwar Ibrahim, Philippines' President Ferdinand Marcos Jr, Ruler of the UAE emirate of Ras Al Khaimah Sheikh Saud bin Saqr Al Qasimi, Sultan of Brunei Hassanal Bolkiah, Bahrain's Crown Prince Salman bin Hamad Al Khalifa, and Cambodia's Prime Minister Hun Manet pose for a group photo at the 2nd ASEAN-GCC Summit in Kuala Lumpur on Tuesday. (Jam Sta Rosa / AFP via Getty Images)

The Daily Circuit: TAQA shops for U.S. firms + DP World in Oman

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