PROPERTY

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Kuwait’s URC gets $123m funding for waterfront real estate PPP project

United Real Estate Company secured KWD38 million ($122.8 million) in Islamic financing for Phase 3 of the Souq Sharq waterfront project in Kuwait City. The PPP development will modernize the destination with upgraded retail, a superyacht marina, and enhanced nautical facilities, with completion expected by end-2027.

money

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Qatar Investment Authority participates as anchor investor in PPC’s capital increase

Qatar Investment Authority (QIA) has joined as an anchor investor in the capital increase of Greece’s Public Power Corporation (PPC), reinforcing its strategy of investing in long-term infrastructure and energy transition opportunities. The oversubscribed offering raised €4.25 billion and supports PPC’s expansion across renewable energy, grid modernization, and data center development in Southeastern Europe.

26/05/2026
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EFG Holding Q1 revenue up 18%, net profit down

EFG Holding reported strong revenue growth during Q1 2026, with revenues rising 18% year-on-year to EGP 6.6 billion, supported by solid performance across investment banking, non-bank financial services, and commercial banking operations. The group also recorded strong momentum in treasury and capital markets activity, while subsidiaries including Valu and Bank NXT delivered notable growth in revenues and profitability despite rising operating costs.

25/05/2026

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