AGP Executive Report
Last update: 7 hours agoBanking: Natixis CIB expects Middle East business to grow at least 10% next year, with more hiring planned in the UAE and Saudi Arabia despite war-driven uncertainty. Gulf Investment: SoftBank is seeking up to $100 billion from Gulf investors to expand its AI investments, according to reports. Markets: Dubai shares rose 0.3% as hopes of a pause in US strikes on Iran eased tensions; Abu Dhabi slipped, and both markets fell over the week. Financial Oversight: Türkiye says 214 people and companies made $3.8 billion from troubled investment funds and is seeking to recover the gains for affected investors. Currencies and Outlook: Iran’s rial is plunging, while Iraq has devalued its dinar by 13% as disrupted oil exports strain revenues. The World Bank forecasts a 2.1% contraction for the Middle East economy and a 4.3% decline for Gulf economies in 2026, citing the war’s impact.
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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