AGP Executive Report
Last update: 10 hours agoSaudi-Syria Financing: Saudi Arabia signed more than $403 million in concessional loans for Syrian power, water, health, housing, infrastructure and digital services, including $90 million to rehabilitate Aleppo’s power plant. Pakistan’s External Funding: Riyadh extended its $3 billion loan to Pakistan for a “reasonable period,” while Finance Minister Muhammad Aurangzeb said the country could manage without a hoped-for $10 billion facility. Digital Payments: Bahrain-based Arab Financial Services launched its AFS PRO Tap to Pay service, while Mastercard discussed digital payments, remittances and financial inclusion with Pakistan’s finance minister. Trade Finance: Gulf-Asia financing startup Mamun raised $3 million to support cross-border trade. Egypt’s Clean Energy Investment: Scatec began construction on a 569 MW solar plant and battery system to supply Egyptalum under a 25-year power agreement.
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