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Investment
Singapore’s Temasek will open its first Gulf offices in Abu Dhabi and Riyadh next year
One office follows the money already flowing. The other is more of a new bet
Morocco’s cars, planes, tourists, and the diaspora are bringing in more FCY, but the fuel bill is taking more out
The extra spending on energy imports alone outstrips what tourism and remittances added this year…
US troops leave Iraq after 20 years as analysts see gains for pro-Iran militias
Plus: QatarEnergy extends force majeure again
Microsoft commits USD 10 bn to UAE, Saudi, Qatar and Kuwait cloud and AI infrastructure
The total price tag will be split among the countries, focusing on cloud and AI…
IPO
Egypt’s biggest listing in years tests whether foreign buyers come back to the EGX
Plus: Paramount takeover of Warner Bros. Discovery is now set to close next Tuesday
Two Eastern Desert explorers eye TSX listings
Plus: Tunisian battery maker’s Algerian arm heads to Algerian bourse
New CMA rules would put Saudi IPO banks on the hook for unsold shares, make bidders prove they have the dry powder
Banks would become genuine backstops rather than just facilitators of demand — something that is…
Gulf IPO slump sends bankers looking elsewhere as Citi bets the window reopens
Plus: MNT-Halan’s Egypt arm earns EGX approval for IPO
M&A
Qatar’s Estithmar Holding to acquire 49% of Syria’s Shahba bank
The move marks the first post-war foreign investment in Syria’s banking sector
Gulf money will back Hollywood’s biggest merger
PLUS: Adia wrote a ticket for the biggest US medical services buyout in more than…
Cross-border acquisitions is the flavor of the day for DP World + IHC
PLUS: Emirates NBD pulls off the largest syndicated borrowing in the GCC this year
Debt
The IMF wants Lebanon’s Financial Gap Law to hold the line on hierarchy of claims, but the Central Bank wants carve-outs
The longer the standoff runs, the more the losses keep landing on depositors and…
Global asset managers deepen Gulf presence with new offices and bns in commitments
Plus: PIF is adding fixed income to the list of things it pays outsiders…
Qatar borrows at a war premium while QIA invests as if there’s none
QIA spent the same week committing USD 20 bn to JP Morgan and clearing…
Saudi PIF eyes EA-Savvy gaming merger as LIV Golf files for bankruptcy
Plus: Abu Dhabi continues to churn out cheques
Macro + Economy
Lebanon hopes for IMF agreement as financial gap law becomes the last obstacle
A full IMFpackage hinges on parliament passing the financial gap law, but there’s no vote…
EBRD trims MENA growth on Hormuz and war, but lifts Morocco and Tunisia on the drought’s end
Egypt and Jordan take small hits but keep growing, while Iraq and Lebanon see their…
Bahrain’s interest bill now tops this year’s maturities as the Iran war guts its oil revenue
Bahrain spent USD 2.8 bn servicing its debt in 2025, or 37% of revenue, and…
Oil carried Oman’s GDP growth in 1H, but construction, hospitality, and transport all shrank in real terms
FDI fell 44%, and three-quarters of what came in went to oil and gas
Deals
Regional markets build apparatus ahead of deployment as Qalaa secures debt waivers
Plus: Acumen Holding’s first fund opens to EGX investors
BP’s four-well Egypt program straddles its pending USD 1 bn sale to Energean
Plus: Nawy is moving its retail property business inside a regulated fund
Qatar readies privatization pipeline as Doha Investment takes control of 45 state firms
Plus: Nassef Sawiris opens EUR 4.10 cash offer as OCI-Orascom merger hinges on tender
Three Gulf and Egyptian buyers with a foot in the door finish their acquisitions this week
Plus: L’imad is mulling bidding for a stake in Atlas Air Worldwide