#deal

Nakheel

Dubai’s Nakheel secures financing worth $4.6bn to drive growth

The funding will be deployed to develop Dubai Islands and other waterfront projects

Twitter

Twitter tells staff there aren’t plans for companywide layoffs

Twitter General Counsel Sean Edgett warned workers to expect “tons of public rumours and speculation” as the closing of the deal nears

Oil August 1

Oil extends losses on global slowdown and chance of more supply

Investors are also facing the prospect of rising supply as demand moderates

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

Tesla shares give up gains on renewed prospect of Musk buying Twitter

Musk says ‘a few unresolved matters’ on Twitter deal

Musk has said he wanted to put the takeover “on hold” while he investigated how many of Twitter’s users are real people

Elon Musk sells $6.9bn of Tesla shares, first since April

Elon Musk says Twitter must prove bot claims for $44bn deal to proceed

Musk shocked the market last week when he tweeted that his offer to buy Twitter was “temporarily on hold”

UK inflation at new 40-year high worsens living standards crisis

UK, GCC may sign post-Brexit trade deal this year, Bahrain says

Negotiations between the GCC and the UK have begun

Apollo is said to lead buyout group for $10bn Aramco deal

The buyout firm’s consortium will include US and Chinese investors

Abu Dhabi returns to dollar bond market with multi-tranche deal

Abu Dhabi raised $7bn in April also through a three-tranche bond offering

Anwar Gargash, Minister of State of Foreign Affairs

UAE says pact with Israel not about confronting Iran

The deal is all about the UAE, Israel and the United States, says Gargash

Saudi signs $265m deal with China to fight virus

The deal will provide the Saudis nine million kits with a capacity to test 50,000 people per day

Oil price war ends with historic OPEC+ deal to cut output

The accord caps a tumultuous month when Brent crude plunged to its lowest in nearly two decades, falling toward $20 a barrel