AGP Executive Report
Last update: 7 hours agoMiddle East Energy Shock: Oil surged toward $100 as US-Iran tensions and Houthi attacks rattled supply routes, with the Strait of Hormuz still a key risk and Gulf states accelerating pipeline plans to bypass it—though the Red Sea is now under threat too. Markets & FX: India’s Sensex and Nifty extended losses for a fourth straight session as crude climbed; the rupee hovered near lows with central bank support, while global risk sentiment stayed fragile. Banking & Rates: Turkey’s central bank held rates at 37%, while Ghana’s central bank kept its policy rate at 14% and analysts say easing may be delayed by renewed Middle East-driven inflation pressure. Regional Trade & Investment: Iraq’s PM arrived in Tehran for energy and investment talks, and the Syrian-Jordanian business council welcomed expanded investor facilities to ease cross-border movement. FinTech/Capital Markets: Emirates Islamic reported strong H1 growth and launched digital gold and silver via its EI+ app; Incorpify unveiled an AI-guided US company formation update and opened a $5m seed round. Macro Outlook: The World Bank warned prolonged conflict could cut global growth to 1.3% and lift inflation.
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