AGP Executive Report
Last update: 7 hours agoOil & Energy Shock: BP’s Q2 profit more than doubled to $5.7bn as the US-Iran conflict pushed oil and gas prices higher, while Trump again demanded big oil “give some back” via lower retail prices. Market & Finance: EFG Hermes topped brokerage rankings across Egypt, Kuwait, Dubai, Abu Dhabi and Nasdaq Dubai in H1 2026, citing expanding electronic trading and stock lending. Cyber Risk: IBM says the average data breach cost in the Middle East hit $8m in 2026, with AI-enabled attacks driving higher losses. Regional Economy: The UAE grew 3% year-on-year in Q1 2026, with non-oil GDP up 4.8% despite disruption from regional war. Diplomacy & Shipping: Qatar confirmed a draft 14-point memorandum to restart US-Iran talks, including a ceasefire and reopening of the Strait of Hormuz, as investors weigh de-escalation odds. Water Cooperation: Nicosia’s EOA signed a water management deal with Israel’s Mekorot to cut “untaxed water” and improve sewerage and flood handling. Security: Türkiye urged Russia and Ukraine to ensure Black Sea shipping safety after a drone attack damaged a Turkish-owned vessel.
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.
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