Dubai-based firm DP World to double Luanda port capacity
The expansion will lengthen the quay and add 15 cranes, allowing the terminal to handle two large container ships at once and cut turnaround times.
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gulf
46 stories
New generation of Gulf philanthropists want a seat at the table
The CEO of the Abdulla Al Ghurair Foundation says private donors in the region don’t want to simply fill gaps left by shrinking government aid.
Semafor Tech3 min readThe Gulf's new era of defense spending regardless of Washington stalemate
Blackstone, Brookfield, and KKR agreed to invest $16 billion in July for a 49% stake in Kuwait's oil pipeline network.
Semafor Tech1 min readAlabbar advances $18 billion Syria projects
Alabbar said he would prioritize using Syrian contractors and sourcing supplies locally for the projects.
Semafor Tech1 min readNew app Mazal targets luxury license plate resale market
Mazal’s founders say plates worth $463 million have changed hands in three years, and that the market is growing by about 20% a year.
Semafor Tech1 min readSaudi’s expat workforce shrinks for the first time in more than two years
Foreigners employed in the country, excluding domestic workers, fell by 16,000 in the three months to June, driven by a drop in construction jobs.
Semafor Tech1 min readAbu Dhabi backs Jordan’s $2.3B railroad to replace truck convoys to Aqaba
The UAE is investing in rail infrastructure across the region, including Etihad Rail at home, Hafeet Rail to Oman, and other links through Jordan.
Semafor Tech1 min readBlackRock steps up Gulf investment
The world's largest asset manager is investing and hiring more in the region, and estimates $50 billion to $100 billion of Gulf money that would have gone abroad could be spent locally.
Semafor Tech3 min readSaudi-backed Yemeni forces repel Houthis from Red Sea
Saudi’s previous war against the Houthis resulted in a yearslong quagmire and devastating humanitarian crisis.
Semafor Tech1 min readQatar’s luxury market attracts 34,000 visitors
Many Gulf events have been postponed or canceled because of the war, but Qatar’s annual bonanza of bling was lively last week
Semafor Tech1 min readAbu Dhabi's XRG invests in Argentina's LNG expansion
ADNOC’s international arm agreed in June to take a 32% stake in three Argentine gas blocks.
Semafor Tech1 min readGulf SWFs on track for major investments despite war
Gulf sovereign wealth funds are on track for one of their most active years of dealmaking ever, even as war disrupts businesses and economic growth.
Semafor Tech1 min readYemen launches Saudi-backed counterattack against Houthis
The escalation added fresh risks to oil markets as Iran reiterated that the Strait of Hormuz remains closed.
Semafor Tech1 min readAbu Dhabi hits back over Man City ruling
The fallout from Manchester City’s guilty verdict last week is threatening billions in investment.
Semafor Tech1 min readAbu Dhabi-Dubai gap draws billion dollar projects
Aldar, the capital’s biggest developer, and Sharjah’s Arada formed a 15 billion dirham ($4.1 billion) partnership.
Semafor Tech1 min readSaudi market reforms could stall IPO recovery
Proposed new listing rules could pull down valuations and deter banks from backing deals
Semafor Tech2 min readIran asserts victory over US in 14,390-word letter to Americans
Tehran is reportedly preparing a more forceful response if Washington resumes large-scale strikes.
Semafor Tech1 min readPilot stabbing on flydubai flight scrambles Israeli elections
Israeli Prime Minister Benjamin Netanyahu’s opponents drew parallels to the government’s pre-Oct. 7 security failures.
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