AGP Executive Report
Last update: 10 hours agoIraq Power Build-Out: Iraq plans to sign contracts for 25GW of new electricity generation capacity this year as it prepares its 2027 budget with programme-based spending. Iraq Anti-Corruption Push: Iraq says it will pursue “no immunity” for corrupt officials after arrests of 67 people, including lawmakers, tied to financial corruption and illicit trade. Iraq Banking Snapshot: Iraq’s bank deposits slipped to $66.8B in early 2026, while total credit also declined, according to Central Bank data. Saudi Cash/Gold Rules: Saudi ZATCA cut the traveller declaration threshold to SAR 40,000 for cash, gold and other valuables, requiring disclosure on arrival and departure. Gulf Sovereign Investing: Middle East sovereign investors are prioritising energy security and critical infrastructure as volatility rises. Trade Finance in Focus: Maalexi and RXIL Global expand access to trade finance for Indian agricultural exporters via a regulated platform. Banking Leadership: Bahrain’s Khaleeji Bank appoints Razi Almerbati as CEO from Aug 17. Market Mood: US and Iran ceasefire talks eased risk sentiment, lifting futures and helping oil cool after earlier spikes. Cybersecurity: ESET supported disruption of the Amadey botnet and Stealc infostealer in a coordinated global operation.
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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