The wire
Houthi strikes on Saudi Aramco's Red Sea oil installations rattled Gulf markets on 27 July, with most bourses closing lower as satellite imagery confirmed smoke at key crude supply sites. Separately, GCC sovereign credit spreads continued to tighten in Q2 2026 after a sharp Q1 widening, signalling recovering investor confidence in regional debt markets. Saudi Arabia's Public Investment Fund deepened its multilateral partnerships, signing MoUs worth up to $9.5 billion with the World Bank Group's IFC and MIGA arms.
Top stories
Bloomberg
Houthi Attacks on Saudi Red Sea Oil Sites Drag Down Gulf Markets
Yemen's Houthis targeted Saudi Aramco crude transport facilities at Jizan and Yanbu, pushing most GCC stock indices lower on 27 July.
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Kuwait Times
GCC Sovereign CDS Spreads Tighten in Q2 as Debt Issuance Stays Cautious
GCC 5-year sovereign CDS spreads tightened across all markets in Q2 2026, led by Qatar at -45.74%, even as geopolitical risks curbed new bond issuance.
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Zawya
PIF Signs $9.5bln MoUs with World Bank Group's IFC and MIGA
Saudi Arabia's Public Investment Fund signed two MoUs with IFC and MIGA to facilitate up to $9.5 billion in co-investment and guarantee arrangements.
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