The wire
Gulf equity markets retreated on 19 July as the US–Iran conflict intensified, with Qatar's QNB sliding 3% and Kuwait's critical infrastructure coming under strike, rattling investor confidence across the region. UAE and Qatar joined China and Turkey in committing up to $2 billion to modernise Pakistan's Port Qasim, marking a significant sovereign-backed infrastructure play for Gulf investors with Pakistan exposure. Knowledge Economic City signed a non-binding term sheet with Albilad Capital to structure a closed-ended private real estate fund for the first phase of its Madinah hospitality project, offering a new vehicle for Saudi property investors.
Top stories
Reuters
Gulf Bourses Retreat as US–Iran Hostilities Intensify
Qatar's QSI index fell 1.5% and QNB dropped 3% as escalating US–Iran conflict unsettled Gulf equity markets on 19 July.
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ProPakistani
UAE and Qatar Join $2 Billion Port Qasim Investment Alongside China and Turkey
The UAE, Qatar, China, and Turkey are expected to invest around $2 billion over 30 years to expand and modernise Pakistan's Port Qasim.
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Prop News Time
Knowledge Economic City and Albilad Capital to Launch Madinah Hospitality Fund
KEC signed a non-binding term sheet with Albilad Capital to establish a closed-ended private real estate fund financing the Multaqa Hospitality project in Madinah.
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