AGP Executive Report
Last update: 7 hours agoSaudi Under Pressure: Houthi attacks on Saudi infrastructure are aimed at exploiting the kingdom’s economic ambitions and pushing Riyadh to press Washington over Iran, according to regional sources. Recent strikes have hit Riyadh airport and an Aramco facility, raising fears of wider disruption. Energy Shock: The conflict has disrupted Middle East oil output and put shipping routes at risk. The IMF expects war-hit oil exporters to contract in 2026 before rebounding next year, while higher fuel costs are spreading beyond the region. Travel Disruption: UAE–Saudi flights remain affected, with Abu Dhabi services to Dammam and Riyadh cancelled through October 18 and some Jeddah flights also suspended. UAE Investment: Dubai-based Gargash Prime and JD.com’s JINGDONG Property plan a 2.5-million-square-foot distribution hub, bolstering the UAE’s push to serve as a regional trade and logistics centre.
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