AGP Executive Report
Last update: 7 hours agoUAE Consumer Demand: S&P Global says the UAE non-oil private sector kept improving in September, with the PMI steady at 55.3 and firms pushing output and new orders, while staffing rose only modestly. Turkey Inflation: Türkiye’s annual inflation eased to 29.73% in September (below 30% for the first time in nearly five years), with rent-linked increases set for October. Saudi Tourism Retail Tech: Saudi’s The Helicopter Company (PIF) teamed up with webook.com to sell helicopter sightseeing tours directly to consumers via the platform’s app and website. Air Travel Costs: IndiGo raised fuel surcharges from Oct 6 as ATF prices jumped, warning passengers could see higher fares. Oil Shock Watch: Saudi Aramco’s Amin Nasser warned global oil stockpiles are “scarily thin” and rebuilding inventories could take up to two years, even as crude exports recover. Data Center Cooling Demand: LG Electronics won a long-term North America deal to supply chillers for AI data centers totaling 5GW, signaling continued consumer-facing knock-on demand for power and cooling services. Saudi–India Connectivity: flyadeal launched non-stop Mumbai–Riyadh service, adding more seats and connections for travelers between the two markets. Malaysia Banking Resilience: Bank Negara Malaysia said Middle East conflict risks remain manageable, with spillovers mainly through the real economy and global markets.
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.