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Qatar’s first North Field East LNG train to be ready in November to offset part of attack-hit LNG capacity

The first LNG train of QatarEnergy’s North Field East expansion will be ready to run in November, with production expected in 1Q 2027, two people aware of the company’s plans told Reuters. The train ...
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Steadright, Janus Henderson, and Ajialuna all fall behind schedule as Mubadala holds its pace

The theme of the day appears to be transactions that are running behind schedule: Steadright has canceled its second Moroccan acquisition in four months, Janus Henderson’s MENA private credit fund ...
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Iraq launches Future Generations Fund as part of USD 3 bn stimulus basket

Iraq launched a new sovereign wealth fund, the Future Generations Fund, with an initial operational balance set at IQD 1.5 tn (USD 993.9 mn), Prime Minister Ali Al Zaidi said in a statement. The new ...
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Four days of Houthi strikes on Saudi airports kill three and ground hundreds of flights

Four days of Houthi attacks on Saudi Arabia’s airports have killed three people, grounded hundreds of flights, and called into question the airspace the region reroutes through — with the World ...
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Iraq devalues to fund its budget as a record of resets limits what it achieves

Baghdad has previously moved the IQD rate in both directions, which economists say tells the market to expect more resets down the line ...
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Morocco lowers card interchange cap to boost acceptance at small merchants

Bank Al Maghrib has cut the cap on domestic card interchange fees to 0.5% from 0.65%, with a 0.15% rate for small and local businesses and for payments to government bodies through e-government ...
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Two sets of barrels come off the market

Happy FRIDAY, ladies and gentlemen. Two sets of barrels came off the market this week, one to missiles and one to weather. Brent is ...