AGP Executive Report
Last update: an hour agoTurkey’s Fund Crisis: Repayments reached 97.3 billion lira for 247,839 investors across 100 funds. The justice minister says the probe has uncovered a criminal network tied to market manipulation and bribery. Digital Banking: Libya’s Wahda Bank picked Backbase for a new platform, with business services planned for 2027 and retail banking to follow. Egyptian Capital: Banque du Caire raised more than $650 million in the country’s largest IPO; the IFC invested $100 million to support lending to businesses. Gulf Markets: Regional shares were mixed as hopes for Iran talks clashed with renewed tensions around the Strait of Hormuz. Saudi Aramco reported a 34.5% rise in quarterly profit and declared a $21.9 billion dividend.
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