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Gulf IPO market shows signs of recovery from wartime slowdown

Companies preparing for potential listings include NourNet, Master Works, ArcelorMittal Tubular, AlKhorayef Petroleum and Health Water Bottling

IHC launches $11.5B aluminum venture in India with Adani

The project extends the UAE’s push to bolster its aluminum industry as Emirates Global Aluminium expands in the U.S., Europe and Africa

Zain to build Syria’s second mobile network in $1.5B deal

The Kuwait-based telecom company will pay $747 million for the license, invest about $800 million to upgrade Syria's aging wireless infrastructure

Strait of Hormuz shipping disruption to last months

Security risks have persisted since the June 17 U.S.-Iran agreement, with an Evergreen Marine container ship attacked after passing through the strait

ADNOC enlists BP, TotalEnergies, China, Japan for gas project

The project will develop natural gas trapped above the Bab oil field, a layer known as a gas cap, that ADNOC says represents the largest of its kind

Quick Hits

market RECOVERY

Gulf IPO market shows signs of recovery from wartime slowdown

bidding billions

Investors compete for $7B stake in Kuwait oil pipeline network

The Daily Circuit: Gulf poised for IPO rebound + Kuwait pipeline stake

metal market

IHC launches $11.5B aluminum venture in India with Adani

FERTILIZER FRENZY

Traders rush to get in on Oman India Fertiliser’s $678M IPO

The Daily Circuit: IHC’s aluminum venture with Adani + Franklin Templeton in Qatar

filling up

ADNOC nears $1B South African fuel station deal with Shell

ai advantage

MGX raises $49 billion for its new artificial intelligence fund

The Daily Circuit: MGX raises $49B for AI + PIF hits $1.2 trillion

damascus calling

Zain to build Syria’s second mobile network in $1.5B deal

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