AGP Executive Report
Last update: 3 hours agoEnergy Markets: Brent crude climbed to $110 a barrel as Houthi attacks on Saudi targets and renewed risks to shipping through the Strait of Hormuz stoked supply fears. Saudi Arabia says investments in alternative export routes can help keep energy and trade flowing. Business Disruption: Riyadh’s airport shutdown and widespread flight cancellations are stranding travellers and disrupting business travel. Financial firms have shifted some staff to remote work, while major events and the EU-Gulf summit face delays amid security concerns. Economic Outlook: The IMF has warned Gulf economies could contract by 4.8% this year and take time to recover, putting pressure on Saudi Arabia’s diversification ambitions. Yet Saudi FDI inflows rose 33.5% to $42.4 billion in 2025, and September inflation held at 1.9%.
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