Jonathan Ferziger

The UAE said it's in talks with the U.S. over a potential currency swap line that would provide it with direct dollar liquidity access in times of crisis

The UAE said it’s going to build a free zone in Abu Dhabi designed to attract foreign defense manufacturers, acting days after Iran renewed attacks on its oil installations. The industrial complex in the capital city’s Al Selmiyyah district will be developed in partnership with Abu Dhabi-backed AD Ports and coordinated with state-owned arms maker... Read More

DP World, the Dubai-owned port operator that handles 10% of all global container traffic, is introducing a war-risk insurance plan aimed at companies suffering cargo losses connected to the Iran conflict. With some 1,500 vessels immobilized by the two-month-old blockade of the Strait of Hormuz, DP World’s insurance plan will offer as much as $400... Read More

Saudi Aramco CEO Amin Nasser says no one should expect the oil market to rebound anytime soon. After the loss of 1 billion barrels with the near shutdown of the Strait of Hormuz, the vulnerability of global energy supplies is clear. “The market will not rebalance overnight,” Nasser said Sunday, adding that any opening of Gulf... Read More

Partners Capital, a London-based investment firm, has opened an office in the UAE and formed an alliance with the Abu Dhabi Family Business Council to advise family-owned firms on improving their financial strategies. The firm, which has $75 billion under management and specializes in advising university endowments, foundations and family offices, signed a memorandum of... Read More

Abu Dhabi is using its growing cluster of world-class museums to help resurrect tourism from its current ebb, attract investment and further reduce the UAE’s dependence on oil. The strategy is centered on the capital city’s Saadiyat Island, where new architectural marvels include the soon-to-open Guggenheim Abu Dhabi, the Natural History Museum Abu Dhabi and... Read More

Khaldoon Al Mubarak, Chairman of Manchester City F.C. and Group CEO of Abu Dhabi’s Mubadala sovereign wealth fund, hailed the development of women’s soccer in the U.K. on Wednesday at the launch of a £10 million ($13.5 million) training center for Manchester City’s women’s team. “This new facility marks the next logical step in our... Read More

In today’s Daily Circuit, we’re reporting on Gulf-backed Cerebras’s $5.5 billion Nasdaq debut, UAE defense contractor EDGE buying control of Italy’s CMD, and Dubai Taxi’s $395 million acquisition of rival National Taxi. Plus, Mubadala chief Khaldoon Al Mubarak, Chairman of Manchester City F.C., visiting its women’s team to open a new $10 million training center.... Read More

Dr. Sultan Al Jaber, the UAE’s Minister of Industry and Advanced Technology, told a Washington audience that his country will continue to invest in the U.S. despite disruptions from the Iran war and volatility in global oil markets. “We invest in America because we believe in America,” Al Jaber, who is also Group CEO of... Read More

Abu Dhabi bottling and logistics facility reflects Gulf push toward localized manufacturing amid tensions from the Iran war and growing regional demand from consumers