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IPO
Gulf stock exchanges are growing in importance, but they’re still a long way from becoming capital market hubs -Fitch
The diagnosis lands in a year when UAE and Saudi IPOs have all but dried…
CMA wants banks to guarantee IPOs and investors to fund their bids
The rules aim to close the gap between headline oversubscription and the demand that actually…
THIS MORNING: The US clears a potential USD 24.3 bn F-35 sale to Saudi Arabia
Aramco reroutes crude back through the Gulf to cover the pipeline gap, prioritizing Asia over…
Gulf banks that built out IPO teams for the boom are now chasing fees in Egypt, Turkey, and India as listings at home dry up
Gulf-based banks that built out capital markets teams for the region’s IPO boom are putting…
M&A
Neopay buys into Noon Payments to fuel regional expansion
A 65% stake in Noon Payments gives the Dubai-based payments firm a launchpad into Saudi…
Sabic is almost out of Europe
Plus: Camel Trading Regulations get ministry sign-off
A RedBird-led consortium is in talks to buy into Al Nassr, PIF’s next club up for sale
It would be PIF’s second Saudi Pro League exit in six months, after April’s Al…
Acwa Power-led consortium brings world's largest off-grid renewable utility system online at Red Sea
Plus: Flynas buys 10% stake in Swissport Saudi
Debt
Gulf debt issuance fell 17.5% in 3Q as higher rates bit
Issuers are holding out for better levels, but heavy order books and tight spreads…
Saudi’s oversubscribed bond signals disciplined treasury management amid regional tension
The latest issuance aims to finance the deficit, refinance maturities, and preserve liquidity
Are 2007-level bond yields here to stay?
A crowded debt market and stubborn fiscal conditions are all pointing to the coupon…
THIS MORNING: France and the UK commit (limited) forces to defend Saudi Arabia
PLUS: The line is moving crude again, though a full recovery is weeks away
Macro + Economy
Saudi deficits set to persist through 2029 as borrowing costs become the pressure point
The preliminary budget projects deficits in every year through 2029 with substantial reserves still…
Demand lifts Saudi’s non-oil private sector growth to a seven-month high
The home market is driving the recovery, with firms hiring and building capacity for…
Hiring becomes a resilience signal as firms split over supply-chain preparedness
Firms that built contingency plans are still recruiting, and those that didn’t are freezing…
First wartime labor data: Women’s employment stalls as participation slips
Fewer women are looking for jobs, while men’s labor participation has held steady