AGP Executive Report
Last update: 6 hours agoSME Finance & Jobs (Philippines–Middle East): President Ferdinand Marcos Jr. approved an extra ₱3 billion to expand the Department of Migrant Workers’ repatriation and reintegration support for OFWs displaced by the Middle East conflict, covering the full chain from post-departure help and flights to livelihood and reemployment guidance; officials say 10,446 people have already been brought home via humanitarian flights, including 8,281 OFWs and 1,803 dependents, with some missions also acting as medical evacuations. SME-Friendly Business Relief (UAE): Sharjah launched a three-month incentives package starting June 16, including a 50% cut to industrial licence fees for food and pharma firms and 50% discounts for micro-licences (e-commerce and home businesses), plus late-payment penalty exemptions. Banking Growth (Kenya–Egypt link): CIB Kenya’s new CEO Tirus Mwithiga unveiled a push to move the lender up tiers within a few years, betting on SME financing, retail lending, and tech upgrades, with the bank reporting strong 2025 growth. Digital Expansion (Oman): Oman Chamber of Commerce and Industry rolled out the 5th Franchise Programme to help Omani brands and SMEs scale regionally and internationally under Oman Vision 2040.
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