AGP Executive Report
Last update: 8 hours agoLuxury Spending: High-end brands face a pullback as weaker consumer confidence and softer European tourism squeeze aspirational shoppers; sector sales growth is expected to slow this quarter. Household Costs: Middle East supply risks keep oil elevated, with Brent near $107 a barrel and Qatar warning that disruptions to its LNG exports would quickly reach consumers. Egypt’s annual inflation rose to 12.8% in September as food prices climbed. Food & Grocery: Egypt shipped 190,000 tonnes of food in a week, led by demand from Saudi Arabia and Sudan, while Türkiye’s fresh vegetable exports rose 10% in the first nine months. Consumer Goods: Sales of Egypt-made mobile phones fell 20% as prices rose, while Zain Iraq began selling the iPhone 18 Pro.
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