AGP Executive Report
Last update: 10 hours agoBanking Watch: GFH Bank says Q1 net profit attributable to shareholders rose 16.5% to $35.11m, even as regional uncertainty weighed on investment activity and income timing. Digital Finance: du Pay appoints Roberto Mancone as CEO to push faster growth in UAE digital payments, while Bahrain’s AX Coin (SOLOWIN) signs an MoU with INFINIOS to plug stablecoin wallets into regulated payment infrastructure. Energy & Trade Shock: The UAE is fast-tracking a West-East oil pipeline via Fujairah, aiming to double export capacity by 2027 and reduce reliance on the Strait of Hormuz as shipping disruptions keep prices elevated; India-West Asia trade fell 28% in April. People on the Move: The Philippines reports 9,500+ Filipinos have left the Gulf since the Iran conflict began, with Bahrain among the repatriation sources. Bahrain Business & Security: Bahrain’s NBB posts Q1 profit down 27% to BD20.6m, and police arrest three suspects within 10 hours after a BD600,000 exchange company theft. Regional Diplomacy: Iran says Pakistan’s mediation is still active but difficult, and welcomes any constructive Chinese role.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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