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- Oman's Islamic finance industry set to reach $45bn this year, says Fitch
- MSX index records seventh straight monthly gain, up 7.9% in January
- Gulf Bank reports net profit of KD 52.4 million for full year 2025
- Gulf Bank participates in Al-Bayan Bilingual School carnival to support financial literacy
- OPEC+ agrees to keep oil output unchanged
- QNB: Macro environment still positive for emerging market in 2026
- QFC introduces 'targeted incentives' as it returns to Web Summit 2026
- UAE's non-oil foreign trade exceeds Dh3.8 trillion for first time in history
- Gold, silver panic sell-off in UAE driven by profit-booking, say jewellers
- GWC inks strategic collaboration with EU cloud platform Apify
29/01/2026 04:18 AST
Kuwait Petroleum Corporation (KPC) is set to ?launch an oil pipeline network stake sale as soon as February in a deal that could raise up to $7 billion, reported Reuters, citing three sources with knowledge of the ?matter.
For the deal, it has hired HSBC alongside JPMorgan and ?Centerview Partners as advisers, the sources said.
HSBC is also arranging 'staple financing' which the buyers can use to back their purchase, four sources said, while advisers have begun sounding out investors, three sources said.
Gulf governments are stepping up infrastructure deals with foreign investors and are now offering them access to assets once off limits - from pipelines to power plants - to bring in pension funds, private equity firms and infrastructure specialists.
Saudi oil giant Aramco too is preparing to sell some gas-fired power plants in the coming weeks in a deal expected to raise around $4 billion, said the Reuters report.
The shift comes as oil prices, down more than 25% in two years, sit below levels needed to fund the Gulf's diversification plans, it added.
Trade Arabia
02/02/2026
For the first time in its history, UAE's non-oil foreign trade has exceeded one trillion dollars (Dh3.8 trillion), with a 26 per cent increase over the previous year, Sheikh Mohammed announced on Sat
Khaleej Times
02/02/2026
Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has issued a resolution to consolidate the assets and investments of L'IMAD Holding Company, and the Abu Dhabi Developmental Hol
Trade Arabia
02/02/2026
Saudi Arabia's real gross domestic product expanded by 4.5 percent year on year in 2025, driven by strong growth in both oil and non-energy activities, official data showed.
According to fl
Arab News
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02/02/2026
Oman's Islamic finance industry is expected to record double-digit growth in 2026, supported by favourable economic conditions, the continued importance of sukuk as a funding and policy tool, governm
Muscat Daily
02/02/2026
The Qatar Financial Centre (QFC) is introducing "targeted incentives" for companies looking to enter or expand within the Qatari market as it returns to Web Summit with renewed focus.
Firms
Gulf Times
02/02/2026
For the first time in its history, UAE's non-oil foreign trade has exceeded one trillion dollars (Dh3.8 trillion), with a 26 per cent increase over the previous year, Sheikh Mohammed announced on Sat
Khaleej Times
02/02/2026
US private equity firm Carlyle has begun exploratory talks with UAE investors to ?bring in partners should its initial agreement to buy Russian firm Lukoil's international assets proceed, reported Re
Trade Arabia
02/02/2026
Bermuda, a British island territory in the North Atlantic Ocean, and Bahrain discussed ways to deepen collaboration in multiple potential sectors during the official visit of David Burt, JP, MP, the
Trade Arabia
Financial Information Co.
Saudi Arabia