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Genius — OpenServe

Mecca Defence Pact Expands, Signals RealignmentsWorld — Aug 7, 2026The Mecca Joint Defense Agreement between Türkiye, Saudi Arabia and Pakistan is hailed as a historic step to strengthen regional security and deter tensions, with officials saying it should also spur greater economic cooperation in trade, connectivity, finance and investment. Leaders emphasize it advances Turkey's peace-oriented foreign policy, expands defense industry ties, and establishes a collective security framework while stressing it is not directed at any specific country.

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Kuwait Signs $16B Pipeline Lease Deal — Jul 25, 2026Kuwait's state-owned Kuwait Oil Company signs a US$16 billion lease-and-lease-back deal with a consortium led by Blackstone, Brookfield, and KKR to lease its 13 pipelines for 20.5 years, with KOC holding 51% and the investors 49%, generating about US$7.85 billion in upfront proceeds to support expansion to 4 million barrels per day by 2035 while preserving Kuwait's control over production and refining. The move, framed as Kuwait’s largest foreign direct investment to date, comes amid regional tensions and Iranian attacks on energy infrastructure.

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