AGP Executive Report
Last update: 7 hours agoIsraeli Markets: Bonds and the shekel fell after the election produced no clear path to a governing majority. The currency slid as much as 2% against the dollar, while the TA-35 dropped about 2.3%. Gulf Equities: Markets were mixed after a reported strike on Saudi Arabia’s largest refinery renewed supply concerns. Saudi shares closed higher, but Dubai and Abu Dhabi fell. Turkey’s Fund Scandal: Interim repayments to investors in liquidated funds are due to begin Friday. Authorities say 68 billion lira has already been paid to 71,899 accounts; 38 funds remain in liquidation. Banking: Abu Dhabi Islamic Bank added 200,000 customers and secured an open-finance licence, with nine-month profit reaching AED 6.4 billion. Payments: Russian fintech A7 says its cross-border network now reaches the Middle East and more than 100 countries, offering companies alternative settlement routes amid sanctions. Investment: Scatec and investment banks closed $650 million in financing for Egypt’s Dandara solar-plus-storage project.
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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