Kuwait’s Heavy Engineering Industries and Shipbuilding Co. (HEISCO) has renewed a KD14 million ($45.4 million) credit facility agreement with a local bank to support its operational activities, marking the company’s second facility renewal this month following an earlier KD96.06 million agreement. The engineering and shipbuilding firm has also continued expanding its project portfolio in 2026, including securing a $565 million contract from Kuwait Oil Company in April.

Dubai International Financial Centre (DIFC) reaffirmed the strength and resilience of its ecosystem, with global institutions across banking, insurance, wealth and innovation continuing to back Dubai and the UAE as a long-term growth hub. Despite regional uncertainty, firms are deepening their presence, supported by a stable regulatory framework, strong connectivity, and access to high-growth markets across MEASA.