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Saudi Industrial Export Co. (SIEC) has terminated its planned acquisition of Advanced Energy for Trading and Contracting after due diligence and feasibility studies failed to meet the company’s expectations and strategic objectives.

Clock05/03/2026

Gulf stock markets traded cautiously as escalating Middle East tensions. Saudi Arabia’s index fell 0.3%, Abu Dhabi slipped 0.2%, and Qatar’s benchmark dropped 0.5% to its lowest level in more than six years, while Dubai’s market remained broadly flat. Meanwhile, Brent crude fell 2.08% to $107.57 a barrel.

Jordan will repurchase all bonds tendered under its offer for part of its outstanding $1 billion 5.75% notes due in 2027, after investors submitted $396.2 million in bonds for buyback. Settlement was scheduled for October 16, 2026, with Citigroup Global Markets acting as dealer manager.

Egypt’s net international reserves rose by $5.9bn in the first nine months of 2026, reaching $57.35bn in September, supported by stronger foreign currency inflows and banking sector assets.

Reading Time 4 minutes

Strong family financial planning can help reduce taxes and support younger generations. From intrafamily loans and asset gifts to inheritance disclaimers, strategic cooperation can create meaningful financial benefits—when families have the trust and structure to make it work.

Clock09/10/2026
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