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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.
18/05/2026
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.
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.
