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Cyber & Payments: Iran’s banking coordination council says a limited cyberattack disrupted services at four major banks (Bank Melli Iran, Bank Tejarat, Bank Saderat Iran, Export Development Bank of Iran), with teams containing the issue and officials stressing no customer data was accessed or deleted. Fuel Prices: Kenya’s EPRA cut June-July pump prices slightly—Super Petrol to Ksh214.03/litre and Diesel to Ksh222.86/litre (kerosene unchanged)—citing changes in import costs. Inflation Watch (Egypt): Egypt’s annual urban consumer inflation eased to 14.6% in May, while core inflation held at 13.8%, with monthly inflation rising to 1.6% driven by food (meat/poultry, fruit, vegetables). Tech & Consumer Costs (US): US software and accessories prices jumped about 14.5% year-on-year in May, alongside record gains in electronic components, linked to AI-driven chip demand. Luxury Retail (GCC): The Watch and Jewellery Middle East Show spotlights a UAE-made Guinness-record gold dress (10kg, AED 5m) plus new premium collections from participating brands. Energy Shock (Mozambique): Mozambique fishermen in Maputo are staying ashore as Middle East-linked fuel price hikes and supply issues strain budgets. Diplomacy & Shipping: US-Iran deal talk momentum continues, with claims of a Sunday signing and talk of reopening the Strait of Hormuz—key for global shipping and consumer energy costs.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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How Turkey came to position itself as a dominant power in the Middle East and beyond

How Turkey came to position itself as a dominant power in the Middle East and beyond

UAE companies account for nearly half of Forbes Middle East CMO ranking

UAE companies account for nearly half of Forbes Middle East CMO ranking

Forbes Middle East Names Omar Al Mannaei Among Middle East’s Most Influential CMOs 2026

Forbes Middle East Names Omar Al Mannaei Among Middle East’s Most Influential CMOs 2026

Empire East banks on resilient OFW housing demand despite Middle East war

Empire East banks on resilient OFW housing demand despite Middle East war

Israel hits Beirut suburbs in the lead-up to anticipated U.S.-Iran deal

Israel hits Beirut suburbs in the lead-up to anticipated U.S.-Iran deal

Iran war drives up operating costs for African airlines, industry body warns

Iran war drives up operating costs for African airlines, industry body warns


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9 hours ago

Iran Still Reviewing US Peace Deal as Signing Deadline Slips

MENAFN

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10 hours ago

Iran Weighs US Deal as Trump Pushes for Sunday Signing Deadline

MENAFN

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10 hours ago

Iran Reports Cyberattack Impacting Four Major Banks

MENAFN

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10 hours ago

Israel Bombs Beirut Suburbs in Brazen Ceasefire Violation

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10 hours ago

Israeli Ministers Urge Strikes on Beirut Suburbs Amid Ceasefire

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10 hours ago

Israeli Airstrikes Hit Beirut Suburbs Amid Ceasefire Tensions

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