AGP Executive Report
Last update: 9 hours agoUAE E-commerce Growth: EZDubai Logistics Hub says the UAE e-commerce market hit Dh42.2bn in 2025 (up from Dh17.6bn in 2020) and expects it to reach Dh67.2bn by 2030, with MENASA expanding to Dh909.3bn by 2030 as digital payments and logistics investment accelerate. Stablecoin Payments in GCC/Africa: Tether backs Abu Dhabi fintech Shiga Digital to expand self-custodial USDT payments and treasury tools across Africa and the GCC using its Wallet Development Kit. Workforce Housing Deal (Saudi): Rela (licensed workforce accommodation platform) raises an undisclosed investment from Yazeed Al Rajhi & Brothers Holding to scale properties and corporate accommodation demand across Saudi Arabia. Fintech M&A (Israel-US): Valley National Bank signs to buy Israeli SMB fintech Bluevine for $340m (75% cash, 25% stock), adding Tel Aviv R&D and AI capabilities. Cybercrime Crackdown (Türkiye): Turkish police detain 473 suspects across 25 provinces over alleged fraud, phishing, illegal betting and banking account hacking, with courts ordering 286 jail terms. Oil Shock & Markets: Trump’s rejection of Iran’s Hormuz proposal lifts Brent above $108, pressures inflation expectations, and drags risk assets—Gulf bourses mostly retreat and India’s Sensex/Nifty slide on crude and geopolitical uncertainty.
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