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Bloomberg

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Aramco closes $12bn pipeline deal with China, UAE backing

Global power grids pushed to breaking point

Saudi Arabia to form entity with $29bn in equity holdings

Saudis say cautious approach to restoring OPEC+ output paid off

Mubadala Health buys UEMedical stake, joins Olive Rock, Cerberus

Louis Vuitton owner signs deal with Google to use AI for boosting sales

PALESTINIAN-ISRAEL-GAZA-CONFLICT

Israel conducts air strikes in Gaza as new violence flares

Kuwait

Kuwait hasn’t renewed wealth fund’s board since term expired

Omani plastics firm Octal weighs $800m sale

Bitcoin reaches highest level since May as chartists eye $50,000

DP World

DP World is said to weigh sale of stake in Jebel Ali Free zone

Jeff Bezos plans to travel to space on Blue Origin flight

Saudi non-oil economy rebounded to 2.9% growth in first quarter

Oil rallies to 32-month high as rising demand emboldens bulls

Saudi wealth fund makes senior hires, including Goldman banker

Abu Dhabi’s ADQ in talks to invest $500m in Flipkart

Netanyahu’s reign over as Israel ushers in fragile government

Saudi Arabian hospitality firms weigh $2.4bn merger

Saudi wealth fund PIF leads investment in $800m Middle East infrastructure fund

Global food costs surge to decade high as drought parches crops

Aramco sells $6bn of dollar-denominated Islamic bonds

Dubai’s Emaar adds new contract clause after project delays

Facebook says it will expand remote work to all employees

Abu Dhabi fund ADQ offers to create large hospitality group

Abu Dhabi

Abu Dhabi’s ADIA is said to invest $1bn in Medline buyout

Dubai tycoon Hussain Sajwani resigns, makes $599m offer to take Damac private

Saudi wealth fund appoints deputy governors to spur growth

Saudi Aramco

Aramco starts debut sale of dollar-denominated Islamic bonds

Oil extends drop with rally pausing after bouncing off 2018 high

Oman is planning a second debt sale in 2021 with dollar sukuk