AGP Executive Report
Last update: 11 hours agoBanking: Bahrain’s financial sector contributes 19.7% of real GDP and includes more than 370 licensed institutions, Gulf International Bank CEO Sara Abdulhadi says, calling banks a catalyst for diversification and investment. Regional Risks: US forces said they intercepted two Iranian drones headed for Bahrain, with no damage or injuries. Separately, Iran reported tanker mine strikes in the Strait of Hormuz, while the UN warned that shipping attacks threaten trade and the global economy. Results: Bank ABC reported $165 million in nine-month profit, while Al Salam Bank’s profit rose 20.4% to $185.8 million. Alba’s third-quarter profit fell 72.5% to BD18.5 million. Digital Industry: stc Bahrain is deploying the country’s first commercial private 5G network at ASRY shipyard, aimed at supporting automation and industrial innovation.
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