{"id":101209,"date":"2025-10-07T00:00:00","date_gmt":"2025-10-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/07\/pif-reportedly-taps-banks-for-eur-denominated-green-bond-issuance\/"},"modified":"2025-10-07T00:00:00","modified_gmt":"2025-10-07T00:00:00","slug":"pif-reportedly-taps-banks-for-eur-denominated-green-bond-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/07\/pif-reportedly-taps-banks-for-eur-denominated-green-bond-issuance\/","title":{"rendered":"PIF reportedly taps banks for EUR-denominated green bond issuance"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Good morning, ladies and gents<\/strong><span style=\"background-color: transparent;\">. Riyadh\u2019s appetite for reform is still going strong this year \u2014 the rapidly-developing capital is undertaking a municipal transformation program that abolishes sub-municipalities in favor of district and so-called Madinaty offices. Details are in our top story below.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in this morning\u2019s news well:<\/strong> Diriyah is partnering with Majid Al Futtaim to spruce up Diriyah Square with international brands, while Bahrain\u2019s Arcapita and Kuwait\u2019s Arzan have their eyes on GCC real estate assets. We also sat down with Raman Subramanian, MSCI\u2019s global head of index R&amp;D and chair of its Index Policy Committee, to unpack GCC\u2019s increasing weight in the Emerging Markets Index. Let\u2019s dive in.<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>A Saud<\/strong><strong>i-Greek roundtable meeting will be held today <\/strong><strong>in Greece<\/strong><strong> to boost private sector <\/strong><strong>relations<\/strong><strong> and ramp up bilateral investments<\/strong>, the <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/655543\/SAUDI-ARABIA\/Alkhorayef-begins-official-visit-to-Greece\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a> reported yesterday. The meeting is co-chaired by Saudi Industry and Mineral Resources Minister Bandar Al Khorayef and Greek Development Minister Takis Theodorikakos. The talks will include the growing non-oil trade, which hit USD 485.2 mn in 2024, along with the increasing Saudi exports to Greece.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>The<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/gemtechforum.com\/\" style=\"\" rel=\"noopener\">Global EV &amp; Mobility Technology (GEMTECH) Forum<\/a><\/strong><strong> kicks off today in Riyadh.<\/strong> The two-day event will feature more than 60 speakers holding discussion panels focusing on the latest advancements in electric vehicle technology, battery innovation, charging infrastructure, and autonomous mobility solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong>The<\/strong><strong><a target=\"_blank\" href=\"https:\/\/webook.com\/en\/events\/riyadh-international-book-fair-2025-moc\" style=\"\" rel=\"noopener\">Ri<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/webook.com\/en\/events\/riyadh-international-book-fair-2025-moc\" style=\"\" rel=\"noopener\">yadh International Book Fair<\/a><\/strong><strong> is on its sixth day today at Princess Nourah Bint <\/strong><strong>Abdul Rahman University.<\/strong> The event, which runs through next Saturday, features some 2k publishing houses from over 25 countries, with book signings, children\u2019s programs, and new business zones for publishers and literary agents also on the agenda.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Stormy skies ahead:<\/strong> Moderate to heavy thunderstorms are expected over Jazan and Asir today, bringing hail, strong winds, and a risk of flash floods. Lighter rain is likely in parts of Al Baha, Makkah and Al Jumum, with fog patches possible across those regions as well as in the Eastern Region, Al Jouf, and Tabuk.<\/p>\n<ul>\n<li>Riyadh: 46\u00b0C high \/ 22\u00b0C low,<\/li>\n<li>Jeddah: 34\u00b0C high \/ 29\u00b0C low<\/li>\n<li>Makkah: 39\u00b0C high \/ 29\u00b0C low.<\/li>\n<\/ul>\n<p class=\"tag-border-left\">HAPPENING TOMORROW-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/forum.fa.gov.sa\/home\" style=\"\" rel=\"noopener\">Financial Academy Forum<\/a><\/strong><strong> kicks off tomorrow at King Abdullah Financial District <\/strong><strong>Conference Hall in Riyadh.<\/strong> The annual event will gather over 3k participants from the Saudi financial sector, along with government officials and experts to discuss innovation, AI, sustainability, and finance leadership.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <a id=\"wwtt1\"><\/a> #1- <\/strong><strong>The Public Investment Fund (PIF) reportedly mandated banks for its first <\/strong><strong>EUR-denominated green <\/strong><strong>bond issuance<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-06\/saudi-borrowing-spree-accelerates-as-pif-debuts-euro-green-bond\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources familiar with the matter. The Reg S senior unsecured bonds will be issued in three-year and seven-year tranches, rated Aa3 (Stable) by Moody\u2019s and A+ (Stable) by Fitch, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/saudi-arabias-pif-mandates-banks-for-inaugural-eur-green-dual-tranche-bond-srdmv4fo\" style=\"\" rel=\"noopener\">Zawya<\/a> reports, citing IFR. The bonds will be issued under GACI First Investment Company\u2019s EUR medium-term note program and guaranteed by the PIF.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Cr\u00e9dit Agricole, JPMorgan, and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale are reportedly joint global coordinators. Barclays is acting as a green structuring advisor, while BBVA, BNP Paribas, HSBC, IMI Intesa-Sanpaolo, and ING are joint active bookrunners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2025 is shaping up to be a busy year for PIF debt<\/strong>. Last month, the fund sold <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1583f0cc-4446-4d65-92a8-8dac28d2e282\/%253cmark%253epif%253c%2Fmark%253e-taps-usd-bond-market-amid-high-investor-demand\" style=\"\" rel=\"noopener\">USD 2 bn<\/a> in USD-denominated bonds, after issuing some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/da786106-54b2-4fd0-89ed-313fff21efff\/%253cmark%253epif%253c%2Fmark%253e-completes-pricing-of-usd-4-bn-bond-issuance\" style=\"\" rel=\"noopener\">USD 4 bn<\/a> in EUR-denominated bonds in January. The fund also closed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/568ce7da-c433-4516-ab8d-5947876082e2\/%253cmark%253epif%253c%2Fmark%253e-closes-usd-7-bn-inaugural-murabaha-credit-facility\" style=\"\" rel=\"noopener\">USD 7 bn<\/a> murabaha credit facility \u2014 its first ever \u2014 during the same month.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> #2- <\/strong><strong>Acwa Powe<\/strong><strong>r could bag a Kuwaiti solar plant:<\/strong> A consortium of renewables giant Acwa Power and Alternative Energy Projects Company is among the shortlisted bidders to develop Kuwait\u2019s 500 MW <a target=\"_blank\" href=\"http:\/\/www.kapp.gov.kw\/home\/project_details\/87\" style=\"\" rel=\"noopener\">Al Dibdibah and Al Shagaya<\/a> Phase III solar independent power plant, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/kuwait-authority-for-partnership-projects_activity-7379481251210117121-lEza\/?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAAECGRDUBHEJxU_12ypcWhtFbUb7ztXVT0mY\" style=\"\" rel=\"noopener\">statement<\/a> from the Kuwait Authority for Partnership Projects. Also shortlisted are Abu Dhabi\u2019s Masdar and Kuwaiti conglomerate Fouad Alghanim and Sons General Trading and Contracting, France\u2019s EDF Renewables, Hong Kong-based Jinko Power, and China\u2019s Tianjin Zhonghuan New Energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Project details:<\/strong> Located about 100 km west of Kuwait City in Jahra Governorate, the project will operate under a 30-year power purchase agreement with the Electricity, Water, and Renewable Energy Ministry, <a target=\"_blank\" href=\"https:\/\/www.tradearabia.com\/News\/328842\/TotalEnergies%2c-Acwa%2c-Masdar-in-race-for-major-Kuwait-solar-project\/OGN\" style=\"\" rel=\"noopener\">TradeArabia<\/a> reports. The top bidder will design, finance, build, operate, and maintain the plant, which will feed power into Kuwait\u2019s national grid as part of the country\u2019s wider renewables drive.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> #3-<\/strong> <strong>A Saudi delegation led by Prince Mansour bin Mohammed Al Saud is visiting<\/strong><strong> Pakistan <\/strong><strong>this week to explore potential investments worth around USD 1 bn<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/pakistan-looks-unlock-saudi-investment-visit-following-defence-pact-2025-10-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported yesterday, citing officials and experts. The visit \u2014 focused on private-sector cooperation \u2014 will target sectors including technology, sports, equipment, food, and agriculture. Pakistani officials are seeking Saudi investment in state-owned enterprises, a petrochemicals project, and possibly mining, including a stake in the Reko Diq copper mine. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh\u2019s investments are likely to depend on Pakistan\u2019s progress in economic reforms <\/strong><strong>and improving business conditions<\/strong>, as previous Saudi pledges haven\u2019t materialized. \u201cSaudi Arabia wanted to put substantial money into Pakistan, but after seeing economic reforms,\u201d said the researcher at the UK\u2019s University of Birmingham Umer Karim. \u201cDefence production was a likely investment target,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Saudi Arabia inked a strategic mutual defense pact with Pakistan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ad5878f9-cc22-45d6-a6fe-8fc62c3d3281\/saudi-could-join-jpmorgan%25e2%2580%2599s-emgbi-in-january-2026\" style=\"\" rel=\"noopener\">last month<\/a> \u2014 a move analysts see as Riyadh signaling it wants to diversify its security ties after the Israeli strikes in Doha.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Lunate, Blackstone back GCC logistics endeavors: <\/strong>Abu Dhabi asset manager Lunate formed a strategic partnership with alternative asset manager Blackstone to develop a new platform to build a USD 5 bn portfolio of Grade A logistics assets across the GCC, according to statements <a target=\"_blank\" href=\"https:\/\/lunate.com\/en\/news-insights\/announcements\/blackstone-lunate-partnership-gcc-logistics\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.blackstone.com\/news\/press\/blackstone-lunate-announce-strategic-partnership-to-invest-in-gcc-logistics\/\" style=\"\" rel=\"noopener\">here<\/a>. More GCC-based strategic partners could join the platform later down the line to support the build-out, the statements said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s in the cards? <\/strong>The platform, named Gulf Logistics Infrastructure Development Enterprise (Glide), will develop, acquire, and manage USD 5 bn worth of logistics assets across the region, with a focus on greenfield developments. It will also target sale and leaseback transactions with regional firms, it said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>The move aims to address the gap in the availability of Grade A logistics facilities in the GCC \u2014 a market that has seen a significant rise in manufacturing and e-commerce sectors. <\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi ports handled 22.5 mn tons of cargo in September, up 8.6% from 20.7 mn<\/strong><strong> tons a <\/strong><strong>year earlier<\/strong>, the Saudi Ports Authority (Mawani) said in a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=601025\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. Liquid bulk reached 15.6 mn tons, dry bulk 5.7 mn tons, and general cargo 1.2 mn tons. Meanwhile, maritime traffic increased 1.1% y-o-y to 1k vessels, while passenger numbers surged 58.6% to 71.4k. Container throughput fell 2.8% y-o-y to 654.9k TEUs, with exports down 7.1% to 237.3 TEUs and imports 3% to 250.7 TEUs, while transshipments rose 4.7% to 166.8k TEUs.<\/p>\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia kept the price of its main crude grade bound to Asia unchanged for<\/strong> <strong>November<\/strong>, maintaining the official selling price (OSP) of Arab Light crude at a premium of USD 2.20 per barrel above the Oman-Dubai benchmark, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-06\/saudis-leave-main-crude-oil-price-to-asia-unchanged-for-november\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a price list.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beyond expectations?<\/strong> Saudi was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/dcbafb79-c7e4-4526-a065-085fb1e63eb2\/\" style=\"\" rel=\"noopener\">expected<\/a> to raise November\u2019s OSP for Arab Light to Asia by USD 0.20-0.40 a barrel from October, bringing it to USD 2.40\u20132.60 above the regional benchmark. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh is expected to hold back from larger price hikes<\/strong>, as it continues negotiations with buyers over the 2026 term supply. Elevated freight costs are also squeezing margins, limiting the room for Asian refiners to absorb higher crude prices, according to Bloomberg.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industry?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A big AI transaction is making headlines across the front pages of the international <\/strong><strong>business press: <\/strong>OpenAI is getting hundreds of thousands of chips from Advanced Micro Devices (AMD), bringing AMD tens of bns of USD in revenue and giving the ChatGPT maker the option to buy up 10% of the chipmaker. Shares of AMD surged 34%, while Nvidia\u2019s \u2014 which invested recently in OpenAI \u2014 slipped 1% on the news, as OpenAI reduces its reliance on the chipmaker. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-06\/openai-signs-amd-chips-deal-worth-tens-of-billions-of-dollars?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/amd-signs-ai-chip-supply-deal-with-openai-gives-it-option-take-10-stake-2025-10-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/bfafd06e-0a92-4add-9ae5-622e3c2c8f29\" style=\"\" rel=\"noopener\">Financial Times<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, political turmoil in France is also getting attention.<\/strong> French Prime Minister S\u00e9bastien Lecornu resigned after only 27 days in office and only a few hours after his cabinet announced. He\u2019s the third prime minister to be elected since French President Emmanuel Macron dissolved parliament and called snap elections last summer. Tasked with passing an austerity budget amid a divided national assembly, with no party claiming majority, Lecornu \u2014 like his two predecessors \u2014 had his work cut out for him, while a cabinet that failed to provide a turning point from past politics and stoked criticism was the nail in the coffin.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax: <\/strong>France\u2019s CAC 40 stock index fell 2% on the news, while the EUR weakened 0.7%. The country is facing looming debt problems, with its debt-to-GDP ratio at twice the 60% permitted under EU rules. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/oct\/06\/sebastien-lecornu-france-pm-resigns-explainer\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/europe\/european-shares-inch-lower-dragged-by-french-stocks-2025-10-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-06\/macron-asks-lecornu-to-negotiate-plan-to-bring-stability?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME- Israel-Hamas talks in Egypt seem to be progressing well<\/strong>, with Egyptian media reporting a \u201cpositive atmosphere\u201d and US President Donald Trump saying Hamas is agreeing to important issues. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/negotiators-gather-gaza-talks-mediators-caution-deal-may-not-be-swift-2025-10-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/10\/06\/world\/middleeast\/israel-gaza-hamas-peace-talks.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/oct\/06\/israel-hamas-begin-indirect-talks-hopes-rise-ending-gaza-war\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Acwa Power could bag a Kuwaiti solar plant<\/p>\n","protected":false},"author":1,"featured_media":101210,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[57,10,1151,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-debt-watch","tag-enterpriseam-ksa","tag-public-investment-fund-pif","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"f6eeb2a0-0d0b-4482-a7b5-f08dc58ef00a","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/5\/1742.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: PIF reportedly taps banks for EUR-denominated green bond issuance","related_issue":[101207],"teaser":"PLUS: Acwa Power could bag a Kuwaiti solar plant","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.7e73a1f6-7755-46da-bb65-a23b283ac10e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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