AGP Executive Report
Last update: 4 hours agoRegional Energy: Saudi Arabia signed cooperation memoranda with Kuwait, Qatar and Egypt spanning electricity links, renewables, oil and gas, hydrogen and storage. The deals come as attacks on Hormuz shipping disrupt energy flows; Qatar says its state revenue fell 42% in the first half amid the Iran war. Iran’s Economy: The central bank governor rejected claims of economic collapse, but oil exports have fallen to zero, the rial has lost nearly 35% of its value since July and September inflation hit 73.6%. Iranian shares have still rallied, as investors seek to protect savings from currency losses. Investment & Trade: Vietnam’s FPT opened a Cairo technology centre focused on AI, cloud and data services, targeting demand across EMEA. Türkiye-EU trade reached a record $233 billion as customs-union talks advanced, while Ankara urged closer EU funding ties for industrial investment and decarbonisation.
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