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News
Brics leaders facing their widest divisions yet in New Delhi this week, as UAE and Iran back peace call
1+ day, 10+ hour ago (330+ words) Why it matters for the Gulf: Brics accounts for roughly a quarter of global nominal GDP — nearer 40% on a purchasing-power basis — and about half the world's population, spread across 10 full members after last year's addition of Indonesia and 2024's intake…...
Saudi keeps its A+ rating from S&P, but the export route it rests on has just been stalled
1+ day, 10+ hour ago (444+ words) The war had already dented the oil economy. S&P already expects real GDP to contract 0.9% this year, with the 2Q reading showing a 4.7% y-o-y fall, the steepest since Covid, on a 24.8% drop in oil activity and output tumbling to an…...
Gov’t props up non-oil growth
5+ day, 10+ hour ago (1693+ words) Wednesday, 9 Sep 2026 Good morning, friends. Every headline number in today’s issue is a good one, but not one of them means what it looks like on the surface. The question we’ll carry through the rest of the issue is what…...
Lebanon’s PCH eyes USD 100 mn to restart subsidized mortgages at rates below Gulf-funded lender
1+ week, 4+ hour ago (145+ words) SOUND SMART- The two are routinely confused. PCH is entirely state-run and subsidizes loans written by commercial banks. BDH is a bank in its own right, 80% owned by private banks and insurers and 20% by the state. Gulf money is still…...
Syria books USD 1 bn in agreements at Damascus fair as reconstruction interest deepens
1+ week, 4+ hour ago (122+ words) Syria closed its Damascus International Fair with more than 10x the booked value of agreements compared to last year — from a crowd nearly 40% smaller. Organizers put preliminary output at SYP 150 bn (c. USD 1 bn), against SYP 935 bn (c. USD 95 mn) at…...
Fitch affirms Qatar at AA, but negative outlook holds on war uncertainty
1+ week, 4+ hour ago (282+ words) Fitch Ratings affirmed Qatar’s sovereign rating at AA and removed it from Rating Watch Negative, citing reduced risk to LNG facilities since the March attack on Ras Laffan. The outlook remains negative as “the impact of the war on the…...
Aqar takes early stake in Syria’s Doushesh
1+ week, 10+ hour ago (204+ words) Aqar backs Syrian classifieds platform Al Rajhi Bank raises USD 600 mn sukuk Dar AlBalad is shopping for AI capability Dar Al Balad Business Solutions (DBS) has signed a non-binding MoU to explore buying up to 100% of two UAE-based AI firms…...
The US clears a potential USD 5.75 bn arms sale to Saudi Arabia
1+ week, 1+ day ago (710+ words) Good morning, wonderful people. It’s a tech-forward morning, and the throughline is scale — who’s building it, who’s funding it, and who’s finally getting a slice. AND- Leap closed its four-day run on the little guys. The final day pushed more…...
USD 2.1 tn in capex from GCC is going to self-reliance + resilience -BlackRock - EnterpriseAM Egypt
1+ week, 1+ day ago (254+ words) Existing projects are being reassessed and resequenced as countries weigh how infrastructure performed during the war’s disruption to regional shipping routes, from the Strait of Hormuz to the Red Sea. REMEMBER- The GCC is already working on developing workarounds to…...
Egypt’s economy grew 5.1% in FY 2025/26, beating the IMF’s forecast
1+ week, 1+ day ago (740+ words) Good morning, folks. Today we’re minding the gap between what’s planned on paper and what’s actually working in practice with three stories across regulation, debt, and rails. The Companies Law story is the most strategically significant read. Egypt is rewriting…...