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Brookfield, GIP Defy War to Advance $7.5 Billion Kuwait Deal

BlackRock Inc.’s Global Infrastructure Partners and Brookfield Asset Management Ltd. are among private equity firms shortlisted to buy a stake in a Kuwaiti pipeline network, indicating sustained interest for marquee Gulf assets despite a monthslong war that’s impacted regional production and roiled energy markets globally.

Kuwait Petroleum Corp. CEO Sheikh Nawaf Al-Sabah.

SpaceX IPO Draws Billions in Orders From Middle East Funds

10 June 2026 at 12:26
Gulf wealth funds have put in orders for shares worth several billions of dollars in SpaceX’s initial public offering, according to people familiar with the matter, the latest indication of the region’s ambitions to continue playing a lead role in bankrolling the global artificial intelligence buildout.

A SpaceX Falcon 9 reusable rocket booster on display outside the company's facilities in Hawthorne, California. Photographer: Ethan Swope/Bloomberg

Ingredion Is in Advanced Talks to Acquire Tate & Lyle for Β£2.7 billion

7 June 2026 at 16:01
Ingredion Inc. is in advanced talks to acquire Tate & Lyle Plc in a deal valued at Β£2.7 billion ($3.6 billion), people with knowledge of the matter said, as another famous brand prepares to leaves the London stock market.

Tate & Lyle produces a range of ingredients used in everything from baked goods to animal feed. Source: Tate & Lyle Plc
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