The big picture
Gulf financial markets and logistics planning were shaped on 13 July by the ongoing U.S.-Iran conflict, as Iran's closure of the Strait of Hormuz prompted the UAE to accelerate plans for a major new bypass port on its east coast. Meanwhile, Abu Dhabi clean-energy company Masdar reached financial close on a $5.1 billion financing package for the world's largest solar-and-battery project, signalling continued large-scale capital deployment in the region. For expats with Nigeria ties, the UAE and Nigeria reaffirmed bilateral cooperation across banking, trade, and energy, pointing to deeper corridor ties ahead.
The details
The Maritime Executive
UAE Plans New Jebel Ali-Scale Port on East Coast to Bypass Strait of Hormuz. DP World is planning a new port on the Fujairah coast plus expanded capacity at the existing terminal to route cargo around a closed Strait of Hormuz.
Read at The Maritime Executive ->
Oil & Gas 360
Masdar Closes $5.1 Billion Financing for World's Largest Solar-Battery Project. Abu Dhabi's Masdar secured a $5.1bn financing package from 13 lenders for a gigascale round-the-clock renewable energy project in the UAE.
Read at Oil & Gas 360 ->
Punch Newspapers
Nigeria and UAE Pledge Deeper Ties Across Banking, Trade and Energy. Presidents Tinubu and UAE Minister Sheikh Shakhboot agreed to expand cooperation in banking, agriculture, energy, AI, and infrastructure between the two countries.
Read at Punch Newspapers ->
The Gulf Money digest surfaces reported news from third-party publications. We do not republish the stories themselves - every headline above links to the original source so you can read the publisher's own coverage.