AGP Executive Report
Last update: 7 hours agoRegional Economy: The World Bank expects the Middle East economy to contract 2.1% in 2026 as the Iran war hits growth, with Gulf oil exporters especially exposed. Oil executives warn supply disruptions could last years, and rebuilding depleted global inventories may take up to two years. Gulf Cooperation: Saudi Arabia’s energy minister urged deeper regional integration to strengthen supply chains and resilience, pointing to cooperation between Bahrain and Saudi Arabia. Israel and Gaza: Israelis marked three years since the October 7 attack, which killed about 1,200 people and led to the capture of 251 hostages; Palestinians in Gaza continue to face the devastation of war. Health and Business: A new report projects 10–12% annual growth in Middle East precision medicine over the next five to seven years, while Kalyan Jewellers reported 12% revenue growth in its Middle East operations.
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