Browsing Tag
Kuwait
70 posts
Electro Optic Systems (ASX: EOS) signs its biggest counter-drone deal, but what must happen before the cash arrives?
Electro Optic Systems has signed a conditional A$700 million contract to help protect Kuwait from drone threats, marking a major milestone for its MARSS acquisition. However, an outstanding £74 million bank guarantee, export approvals, substantial working-capital requirements and contractual liability provisions will determine how quickly the agreement becomes revenue and cash flow.
VA Tech Wabag Q1 profit rises 37% as Rs 19,400cr order book pushes execution into focus
VA Tech Wabag Limited entered FY27 with record order visibility, 21% revenue growth and a 37% profit increase. With 66% of its ₹19,400 crore backlog still tied to EPC work, converting projects into revenue and cash is now the bigger test.
Boeing lands $636m Apache sustainment award as Mesa aftermarket franchise pushes past $1.1bn
Boeing wins $636.1m US Army Apache modification, lifting the contract past $1.1bn as Mesa sustainment work runs through April 2029. What comes next?
Action Energy (ALFTAQA) just doubled profit. Can seven new rigs turn a $1.1bn backlog into the next growth leg?
Action Energy Company delivered KWD4.4 million of first-half net profit as revenue climbed to KWD18.1 million and contracted backlog reached KWD349 million. With seven additional rigs and several oilfield-service platforms now being mobilised, the bigger question is whether the Kuwaiti drilling group can convert that visibility into another growth leg without giving back its post-IPO balance-sheet improvement.
Saudi Arabia unveils 14-country maritime coalition to protect Red Sea shipping
Saudi Arabia has 14-country backing for a Red Sea coalition, but its credibility depends on ships, command rules and coordination with existing missions.
US launches heavy strikes on Iran as missile exchanges push Gulf war into new phase
Read why new US strikes on Iran are widening the war, pulling Kuwait and Jordan deeper into danger and weakening hopes for diplomacy.
Precision Drilling revenue rises 11% but rig reactivation costs squeeze margins
Precision Drilling revenue rose 11% as North American rig activity improved, but reactivation costs and a tax dispute pressured $PDS.
Project Peregrine: Kuwait Petroleum seals $16bn pipeline pact with Blackstone, Brookfield, KKR
Kuwait's $16 billion Project Peregrine hands Blackstone, Brookfield and KKR a 49% stake and ties their return to a 2035 target of 4 million barrels a day.
Why the Epstein files fight is now turning into a foreign influence investigation
Jamie Raskin’s Epstein foreign agent probe raises questions over foreign influence, DOJ records, FARA and Trump-era oversight.
Iran war targets water and transport as Kuwait desalination plant is struck
The Iran war is moving from military sites to water, power and transport. Gulf states now face a widening civilian infrastructure and energy shock.