AGP Executive Report
Last update: 7 hours agoRegional Outlook: The World Bank warns the Middle East economy will contract 2.1% in 2026 as the Iran war weighs on activity, with Gulf oil exporters hit hardest. Saudi Arabia’s economic transformation is also facing pressure from the conflict and falling foreign investment. Energy and Markets: Shipping risks around Hormuz are jolting oil flows, while Iraq has devalued its currency after disrupted exports cut oil revenue. Investment: MENA startups raised $1.1 billion in September, while Gulf secondaries are emerging as a new source of liquidity for investors. Egypt: Foreign reserves climbed to $57.35 billion in September, and Chevron committed at least $88 million to exploration, adding to efforts to boost energy supply. Türkiye: Vice President Cevdet Yılmaz said the fund crisis poses no systemic risk; 131 funds under liquidation account for 7.7% of total portfolio value, and public funds will not cover private losses.
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