The wire
Gulf markets dipped on Sunday after Houthi forces attacked Saudi oil installations at two Red Sea ports, with the Tadawul All Share Index closing down 0.34% amid regional tensions. Kuwait Petroleum Corporation's landmark $16 billion lease-and-leaseback deal with Blackstone, KKR, and Brookfield signals continued appetite for large-scale infrastructure financing across the GCC. Rising U.S. Treasury yields, with the 10-year note near 4.68%, are adding to borrowing-cost pressures that expat mortgage holders and remittance senders in the Gulf should monitor closely.
Top stories
Reuters
Gulf Markets Ease After Houthi Strikes on Saudi Red Sea Oil Sites
Most Gulf stock indices closed lower on 26 July after Houthi forces attacked Saudi oil installations at two Red Sea ports, extending regional conflict.
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Reuters
KPC Signs $16 Billion Lease-Leaseback Deal with Blackstone, KKR & Brookfield
Kuwait Petroleum Corporation has agreed a $16 billion deal over its crude oil pipeline network with a consortium of Blackstone, Brookfield, and KKR.
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MarketWatch
Treasury Market Warns Fed on Rates as 10-Year Yield Holds Near Decade High
The U.S. 10-year Treasury yield stood at 4.678% as of 25 July, a level that feeds directly into global mortgage and consumer-lending rates.
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