AGP Executive Report
Last update: 7 hours agoIMF Outlook: The Fund says Gulf reforms have strengthened resilience to war shocks, but cut its Middle East and North Africa growth forecast by 2 percentage points. Iraq has requested an IMF program, while talks with Lebanon continue. Egypt Credit: Moody’s upgraded Egypt to B3 with a positive outlook, citing fiscal consolidation, stronger reserves and reforms. Hospitality Finance: Egypt’s Pickalbatros secured $250 million from IFC and Attijariwafa Bank to acquire and upgrade Moroccan hotels—the largest IFC-backed hotel financing in Morocco. Energy Shock: Brent settled near $110 a barrel amid supply fears, while Qatar’s government revenue fell 42% in the first half as conflict disrupted gas exports. Saudi Investment: Foreign investment inflows rose 33.5% in 2025 to $41.7 billion, supporting the kingdom’s diversification drive. Cross-Border Banking: India’s central bank approved Emirates NBD’s three local branches joining RBL Bank from December 1, following the UAE lender’s acquisition of a 60% stake.
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