AGP Executive Report
Last update: 3 hours agoHormuz Disruption Costs Gulf Households: With the Strait of Hormuz effectively closed to commercial shipping since March, Gulf states including Bahrain have spent about five months rerouting food and household goods by air, pushing up resident costs as necessities still move mainly by sea. Bahrain Backs UN Condemnation of Houthi Attacks: Bahrain’s foreign ministry welcomed a UN Security Council statement condemning Iranian-backed Houthi missile strikes on Saudi Arabia and attacks on commercial vessels, reaffirming support for maritime navigation and international law. Bahrain Marina West Gets New Lease of Life: The stalled Marina West development in Budaiya has been formally awarded to Sumou Holding for BD19.8m, with steps to register the property and issue a title deed expected to unlock years of investor uncertainty. TRA Consumer Protection Scorecard: Bahrain’s telecom regulator says Batelco and stc Bahrain topped 2025 compliance with 92% each, while Zain scored 87%, with regulators urging clearer retail package transparency and billing. LIC International Appoints New CEO in Bahrain: LIC International will welcome Veena Khan as CEO and executive director in Bahrain on Aug. 10, bringing over 30 years of experience from India’s LIC. Bahrain Anti-Fraud Warning: Authorities warned residents about scam text messages tied to fake traffic-fine payment links, urging people to use official channels only. Cyber Growth: Beyon Cyber became the first Bahraini cybersecurity firm to exhibit at Black Hat USA 2026, showcasing its Orryx AI security operations platform. Local Economy Notes: Fish prices in Bahrain are rising as warmer weather reduces fishing activity and market supply.
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