HNWI Wealth 2026 Trends: Global Millionaire Count Reaches 25.3 Million
HNWI wealth 2026 trends center on a record year, with global high-net-worth individual wealth rising 8.7 percent in 2025 to USD 98.3 trillion. Capgemini Research Institute published the figure in the 30th edition of its World Wealth Report 2026. High-net-worth individuals, or HNWIs, hold at least USD 1 million in investable assets, not counting a […]
PIF acquires Saudi football club stakes in new ownership transfer phase
When PIF acquires Saudi football club stakes, the change reaches the stands well before it shows up on a balance sheet. Saudi Arabia’s sports ministry said in a social media post that it has begun moving 25 percent of the shares held by non-profit foundations in Al-Ittihad, Al-Ahli, Al-Hilal and Al-Nassr to the Public Investment […]
World Bank grants $100 million to Syria for financial sector reform push
The World Bank grants $100 million to Syria to rebuild the foundations of a financial system worn down by more than a decade of conflict. Delivered as a grant from the International Development Association, the Bank’s arm for its poorest borrowers, the money will fund the Syria Financial Sector Modernization Project. That program is built […]
Mubadala’s $250 million investment lifts Moove to a $2.1 billion value
Mubadala’s $250 million investment now anchors Moove, the mobility company building the operating layer for driverless transport. The Series C round it led values the firm at $2.1 billion. Woven Capital, Toyota’s Growth Fund, and Ion Pacific co-led it. For the UAE, the deal ties a sovereign backer to a company that wants to run […]
Tourists Drop $6B on Food in Turkiye as Dining Leads Tourism Spending
Tourists spent close to $6B on food in Turkiye in the first six months of 2026, and dining now stands as the largest single category of visitor spending in the country. Figures from the Turkish Statistical Institute, known as TurkStat, put food and drink spending at $5.9 billion between January and June. That total ran […]
Abu Dhabi’s Disneyland business impact could ripple across the wider Gulf
Abu Dhabi’s Disneyland business impact will reach far past the park gates, and the whole Gulf is watching. Disney plans to open its first Middle East park on Yas Island in the early 2030s. Six years is a long runway. Yet developers, hoteliers and property owners are already lining up for what comes next. The […]
Brookfield Middle East Partners fund closes at $2bn with PIF as anchor
The Brookfield Middle East Partners fund reached its first close with $500 million of Brookfield’s own money committed alongside its partners. That figure says something before any strategy deck does. A manager willing to place half a billion dollars next to its investors is telling you where it believes the returns sit. In total, the […]
Kuwait $6 billion bond sale pulls in triple demand from global investors
The Kuwait $6 billion bond sale closed this week with an order book the finance ministry calls one of the largest for a multi-tranche sovereign deal in 2026. Three tranches went out. Investors took $3 billion in three-year paper, $1.5 billion in five-year notes and $1.5 billion at 10 years. Final spreads landed at 70, […]
NBQ’s 2026 half-year profit reaches AED271 million on solid fundamentals
NBQ’s 2026 half-year profit came in at AED271 million for the six months to 30 June. Behind that figure sit the depositors, borrowers and staff who keep the lender running. The National Bank of Umm Al Qaiwain results point to steady footing at a small bank that families and businesses in the northern emirates lean […]
Warren Buffett ends donations to the Gates Foundation after 19 long years
Warren Buffett ends donations to the Gates Foundation after nearly two decades of loyal support. The 95-year-old former Berkshire Hathaway CEO gave nothing to the charity this donation cycle. Instead, he moved 12 million Class B Berkshire Hathaway shares, worth nearly $6 billion, to family. Every share went to four Buffett family foundations run by […]
ADNOC in a $1 billion deal to acquire Shell Downstream South Africa network
ADNOC will take over Shell’s downstream network across South Africa. The Abu Dhabi fuel retailer signed the agreement on Tuesday with Shell South Africa Holdings. This now sees the biggest overseas purchase in the company’s history to this point. ADNOC Distribution values the assets at an implied enterprise figure of about $1 billion today. This […]
Why Governments are “ADDICTED” to Debt?
Developed economies around the world are loaded up with debt. That was less of a problem in the era of free money, but inflationary pressures are back, and structurally higher interest rates mean debt is more expensive to issue and service.
