SpaceX · Iran · Strait of Hormuz · Fortune Technology
Historically, the Gulf has shown an ability to recover quickly after major shocks
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After the 1991 liberation of Kuwait, oil production and core economic activity rebounded more quickly than many observers had anticipated, supported by oil revenues, substantial overseas assets, and government-led reconstruction.
Key facts
- The NYSE-listed firm, which manages $315 billion in assets, saw investors rush to withdraw roughly $5.4 billion from two of its flagship funds—ultimately forcing it to cap withdrawals at 5% of shares
- Gulf sovereign funds quadrupled their allocations to private credit between 2021 and 2025 to roughly $80 billion, according to data from Gulf SWF
- The UAE's L'imad, Saudi's Public Investment Fund (PIF) and the Qatar Investment Authority (QIA) will own a combined stake of 38.5% and therefore comprise the lion's share of the 49.55% stake
- The U.S. Department of Justice has approved the $111 billion merger of Paramount Skydance and Warner Bros
Summary
U.S.-Iran interim deal and the Gulf’s road to recovery. U.S. Private Credit firms flock to the Gulf. The Gulf Cooperation Council will have breathed a collective sigh of relief when the U.S. and Iran agreed an interim deal to end more than 100 days of war. Announced on Sunday evening, the memorandum of understanding, which provides a 60-day ceasefire extension and free passage of shipping through the Strait of Hormuz, is due to be formally signed in Geneva on Friday. The Gulf states, often to their surprise, have been on the front line of the conflict, facing missile and drone attacks.