AGP Executive Report
Last update: 7 hours agoCrypto & Sanctions: A US Senate report says 84% of Iran-linked crypto wallets it reviewed used Tether’s USDT, calling it a “financial lifeline” for Iran’s shadow banking and proxy funding, while Tether says it supports freezing nearly $550m in Iran-linked USDT. Capital Markets: Iraq Stock Exchange (ISX) went live on Abu Dhabi Securities Exchange’s Tabadul platform, expanding cross-exchange trading and local-currency settlement across connected markets. Fintech/AI Funding: Israel’s Reco, an AI agent security firm, raised $50m to expand sales and partnerships, bringing total funding to $135m. Banking/SME Credit: Abhi and NymCard partnered to streamline SME credit solutions for UAE financial institutions. Regional Finance & Energy: Iran warned that blocking its oil exports would endanger regional infrastructure, as the rial hit a record low amid war-driven economic strain. Markets: UK mortgage approvals fell to a 32-month low as Iran-war borrowing costs weigh on housing demand. Business & Investment: Saudi Arabia and AIIB discussed scaling financing beyond physical infrastructure into AI, MSMEs and skilling.
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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