AGP Executive Report
Last update: 6 hours agoEnergy & Markets: Oil plunged on hopes of a US-Iran deal, then recovered after reported US strikes on Qeshm Island; Gulf markets were mixed. Saudi Aramco’s third-quarter profit jumped 34.5%, despite lower output. Aviation: Lufthansa expects its 2026 fuel bill to rise €2 billion year-on-year, while AirAsia delayed its Bahrain hub launch to March 2027 amid cost uncertainty. Boeing sees Middle East air travel growing 4.3% annually, with the regional fleet set to double by 2045. Egypt: Banque du Caire raised more than $650 million in the country’s largest IPO, while a new $1 billion World Bank deal will support economic reforms. Türkiye: Annual inflation edged up to 29.77% in October, even as goods exports hit a monthly record of $25.9 billion. Ankara and Seoul also agreed to advance financing for Türkiye’s planned Sinop nuclear plant and deepen trade and industrial cooperation. Libya: Wahda Bank chose Backbase to build digital services for businesses and retail customers, with business banking due to launch in 2027.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
