AGP Executive Report
Last update: 2 hours agoEgypt Balance of Payments: Egypt’s balance of payments deficit narrowed to about $1.8bn in July–March FY2025/26 as remittances surged, with workers’ transfers rising to $43.1bn (up 31.2% y/y) and the CBE citing stronger external inflows. Egypt FinTech/AI: The Central Bank of Egypt launched the fifth cohort of its “Generative AI in Finance” training via Digital Academy, partnering with the Egyptian Banking Institute and CFTE to upskill banks for AI-driven operations. Egypt Investment Pipeline: Egypt’s Ras El Hekma mega project got a fresh progress review, including compensation payments and fencing for handed-over land, as the government pushes tourism and commercial delivery. Egypt Mining & Industrial Growth: Egypt ranked 14th globally in kaolin production and 24th in talc output, with reforms and open blocks licensing aimed at attracting mineral investment. Jordan AI Funding: Jordan’s ISSF partnered with Saudi VC platform STV, committing $5m into STV’s $100m Google-backed AI fund to build an “AI corridor” for startups across the region. Kuwait Investor Access: Kuwait’s KDIPA said foreign investors can set up companies with 100% ownership, pitching the country’s banking strength and Boursa Kuwait’s resilience to global institutions. Crypto/Regulation: Sarb is developing new frameworks to regulate cryptocurrency use. Regional Risk Backdrop: Markets are bracing for volatility as US-Iran strikes and renewed Strait of Hormuz disruption raise oil and inflation risks.
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