Abu Dhabi Ports has agreed to buy Brazilian terminal operator CLI for more than AED 3 billion, market sources said.

US sources said on June 1 that a cargo ship that departed St. Petersburg in March arrived at Syria’s Tartus port in May carrying military equipment bound for Russia’s Hmeimim air base. US imagery providers Maxar and Planet Labs showed the vessel Sparta loading in St. Petersburg in March, sailing along the European coast and arriving at Tartus on May 11. US officials said Russian navy ships escorted Sparta through the Mediterranean. Syria’s transition government, US Central Command and the Russian Defence Ministry declined to comment. US sources said this was the first resupply to Hmeimim since a regime change in Syria in December 2024.

Citigroup reiterated it expects the Reserve Bank of Australia to raise rates by 25bps at its August meeting.