AGP Executive Report
Last update: 3 hours agoFinancial Services: First Abu Dhabi Bank has acquired all of Bahrain-based Yasira Financial Services, adding fund administration and trust services to its regional securities business. The terms were not disclosed. Technology Exports: Bahrain’s Lumofy is expanding into Indonesia through a partnership with ESQ Group to bring AI-powered talent management tools to local businesses. Energy Markets: Brent crude fell to about $91 a barrel as hopes of fewer US strikes on Iran eased supply fears, though analysts warn that shipping risks remain high. Regional Connectivity: GCC states signed a framework for a railway linking six Gulf countries, with full operations targeted by December 2030. Bahrain also agreed with Qatar to strengthen cooperation on land transport and logistics. Banking: The Bahrain Association of Banks has launched a campaign with 19 financial institutions to help customers spot scams and protect their accounts.
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