AGP Executive Report
Last update: 7 hours agoRegional Banking: IsDB and EBRD discussed expanding co-financing across Türkiye, North Africa and Iraq, including trade finance, guarantees, local-currency lending and sukuk. Payments: Citi and Arab Bank launched 24/7 USD clearing for corporate clients, while Foodics invested in Funding Souq to expand restaurant financing in Saudi Arabia and the UAE. Economic Outlook: The IMF raised its 2026 global growth forecast to 3.1% but warned that conflict and energy shocks threaten the outlook; it projects Iraq’s economy will contract 16% this year. Fiscal Pressure: Qatar’s government revenue fell 42% in the first half amid the Iran war. Startup Funding: MENA startups raised $1.65 billion in Q3, with Saudi Arabia leading.
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.