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News
Hong Kong and Turkey are both making a play for the wealthy expats London and the Gulf are losing - EnterpriseAM Egypt
5+ hour, 12+ min ago (180+ words) Turkey’s package — minimal inheritance tax, up to 20 years of taxfree overseas income, and an amnesty for undeclared offshore assets. The tax terms are only half the pitch: Turkey is also selling geography and lifestyle as hard as its tax code…...
Bahrain Airport Company appoints Ahmed Mohamed Janahi as CEO
4+ day, 23+ hour ago (150+ words) EnterpriseAM BAC names Ahmed Janahi as CEO: Bahrain Airport Company (BAC) — the operator of Bahrain International Airport — has appointed Ahmed Mohamed Janahi as chief executive officer (CEO), according to a post on X. The appointment formalizes a role Janahi held…...
Al Zaidi's Turkey visit yields a Kirkuk equity stake and a stack of MoUs, but no renewal on the lapsed Kirkuk-Ceyhan pipeline
1+ week, 1+ day ago (213+ words) Iraq’s Prime Minister Ali Al Zaidi wrapped a visit to Turkey with pledges of further cooperation in water and energy and a spate of MoUs spanning logistics, energy, and education. “Our aim now is to sign a comprehensive energy cooperation…...
TODAY: Fertiglobe hedges Hormuz risks + Kuwait restructures its airline to compete without privatizing it
1+ week, 2+ day ago (1105+ words) Good morning, nice people. This morning's issue is about hedging against a strait that isn't reopening on anyone's schedule but Iran's. Fertiglobe is the latest to build the workaround before it needs it. CEO Ahmed El Hoshy told Bloomberg the…...
Kuwait’s deficit hits post-covid high as oil revenues collapse
1+ week, 3+ day ago (180+ words) Kuwait’s FY 2025-26 fiscal deficit ballooned to its widest since the covid-19 pandemic, growing 576.2% to KWD 7.1 bn (USD 22.9 bn), or 15% of the country’s GDP, according to the Finance Ministry’s closing accounts (pdf). While spending was broadly on budget, the deficit grew…...
TODAY: Private capital flows into Kuwait’s pipes + US raises tariffs on Egypt to 12.5%
1+ week, 4+ day ago (757+ words) Good morning, friends. Capital and policy are both on the move this morning — one flowing in, one getting stickier. Kuwait’s KPC just handed Blackstone, KKR, and Brookfield a 49% stake in its 320-km crude pipeline network for USD 16 bn — the largest…...
Kuwait monetizes its oil pipelines in a USD 16 bn lease-and-leaseback agreement
1+ week, 4+ day ago (213+ words) The first test will be the pipeline volumes assumed under the agreement, and whether KOC has ensured a minimum payment regardless of actual utilization. The allocation of costs for shutdowns, repairs, and additional capital expenditure is another critical variable — as…...
Kuwait sells a 20.5-year lease on its 320-km crude pipeline network to private investors
1+ week, 4+ day ago (1193+ words) Tuesday, 28 Jul 2026 WHAT WE’RE TRACKING TODAY Good morning, friends. Capital and policy are both on the move this morning — one flowing in, one getting stickier. Kuwait’s KPC just handed Blackstone, KKR, and Brookfield a 49% stake in its 320-km crude pipeline…...
Mashreq says Bahrain's banking sector sailed through the war smoothly — and it's betting on the kingdom's long game
2+ week, 2+ day ago (280+ words) The regional war could have weighed on Bahrain's banking sector, but it didn't — and that’s mostly thanks to the proactive measures of the central bank, which moved in tandem with other Gulf central banks to offer support to the sector…...
Gulf property markets split in 2Q as Dubai cools, Abu Dhabi surges and Kuwait bottoms out
2+ week, 3+ day ago (239+ words) The Gulf’s biggest property markets are each moving in different directions. In 2Q 2026, Dubai cooled under its own supply, Abu Dhabi caught fire on foreign money, and Kuwait finally found a floor. Developers have seen the signal and are hitting the…...