AGP Executive Report

SME Policy Push (Egypt): Egypt’s 2026/27 budget earmarks EGP 90bn for exports, industry, tourism and entrepreneurship, including EGP 48bn for export rebates and EGP 5bn for small businesses and startups. SME Market Development (Egypt): The Egyptian Exchange unveiled a plan to strengthen the SME market, highlighted by the transfer of Tawasoa Factoring from the SME board to the main market. Sustainable Finance (Oman): National Finance signed an MoU with AB Energy to expand sustainable financing and offer sustainability-linked consumer durables financing at exclusive rates. Digital Tools for Founders (UAE): Permus Software House launched Myndlab, a native Arabic AI application builder aimed at GCC founders, developers and SMEs. Energy Pressure (Iran): Iran faces a summer energy squeeze as demand rises and refinery output lags, with limited policy tools under sanctions and economic strain. Fuel Cost Shock (Aviation/SMEs): American Airlines temporarily cuts select routes in August-September due to higher jet fuel costs, a reminder of how Middle East-linked energy shocks ripple into business travel and logistics. Trade & Connectivity (Oman/Uzbekistan): Asyad Group acquired a controlling stake in Uzbekistan logistics platforms to link Omani ports with Central Asia trade corridors.

SME Finance & Credit Data (Kuwait): Kuwait’s National Fund for Small and Medium Enterprises Development and CINET signed an MoU to expand credit information sharing, adding government financing data to SME credit reports and rolling out an SME Score service to help lenders assess creditworthiness faster and more transparently. SME Export Support (UAE): Dubai World Trade Centre Free Zone teamed up with DHL Express to boost SME growth via DHL’s GoTrade training programme, aimed at helping export-ready firms navigate cross-border trade and scale internationally. Digital Payments Compliance (Kenya): PayPal tightened verification for Kenyan freelancers and online traders, with reports of frozen funds and account limits up to 180 days (or permanent restrictions) after requests for documents like contracts, bank statements, and proof of business activity. Aquaculture Investment Push (Cameroon): Cameroon’s livestock ministry and the Port Authority of Kribi agreed to allocate plots in the Kribi Port Industrial Zone for aquaculture investors, backing infrastructure and port services to grow local fish production and cut import dependence. Energy Cost Pressure (Middle East-linked): Coverage highlights how Middle East conflict-linked fuel and logistics shocks are squeezing SMEs’ margins and raising input costs across the region.

SME Finance Boost (Kuwait): Kuwait’s National Fund for Small and Medium Enterprises Development and CINET signed an MoU to expand credit information sharing, adding government financing data into SME credit reports and building on CINET’s SME Score creditworthiness service to help lenders assess repayment history more transparently. SME Growth via Trade Skills (UAE): Dubai World Trade Centre Free Zone teamed up with DHL Express UAE and its GoTrade programme to train “export-ready” SMEs, offering capacity building and knowledge transfer plus preferential rates to help firms scale cross-border. Rent Relief for Businesses and Tenants (Abu Dhabi): Abu Dhabi froze rent hikes for residential, commercial and industrial properties, keeping renewals at 0% increases and requiring new leases to match the prior rental value. Entrepreneurship in Schools (Oman): Oman’s Ministry of Education and Oman Broadband Company launched “Young Merchant,” a grades 7–11 entrepreneurship and financial literacy programme using applied learning. Labour and Compliance Snapshot (Kazakhstan): Kazakhstan reported 9.4m employed, with 92% of salaried workers covered by registered contracts in the HR Enbek system, alongside expanded occupational accident insurance and digitised collective agreements. Cost Pressure Watch (Middle East-linked): Spain’s labour minister warned that Middle East-driven energy costs are still squeezing households and businesses, calling for renewed support like capped rent rises and lower electricity/gas taxes.

SME Trade Support in Dubai: DWTC Free Zone teamed up with DHL Express UAE to help SMEs scale globally, using DHL’s GoTrade training and preferential logistics rates for export-ready businesses. Robotaxi Push Across the Middle East: WeRide and Uber plan Spain’s first commercial robotaxi pilot in Madrid, but the rollout leans on their existing fully driverless services in Abu Dhabi and Dubai—an expansion signal for regional tech ecosystems. UAE Health Insurance Pricing Tool: Policybazaar.ae launched “Premium Lock,” letting select customers in Dubai and the Northern Emirates freeze health insurance premiums for up to five years, aiming to curb renewal shocks from medical inflation and age-band loading. SME Pressure from Middle East Conflict: A report says Mideast supply crunches are hitting SMEs with higher costs and empty inventories, leaving firms less able to handle prolonged disruption. Israel Retail Protection: Israel’s Knesset revoked a Finance Minister order that would have raised the VAT exemption threshold for personal imports to $130, a move small retailers backed against overseas online buying. Fuel Price Compliance in Tasmania (SME angle): Australia’s fuel regulator audits found 96% compliance among 287 retailers, with education and enforcement aimed at keeping reported pump prices accurate during Middle East-driven price volatility.

GCC Business Confidence: A new Qatar-focused survey by Consulum and HarrisX finds 89% of respondents say the country is on the “right track” and 91% see the economy moving in the right direction, with trust in government institutions also running high—despite ongoing regional tensions. SME Credit Pressure: Ghana’s real interest rate gap has widened to about 10.6 percentage points, squeezing private credit even as the Bank of Ghana holds its policy rate at 14% and inflation sits around 3.4%. Gulf Trade for MSMEs: India’s CEPA with Oman enters into force June 1, cutting duties on most tariff lines (98% of Oman’s tariff lines tied to 99.38% of India’s export value) and positioning the deal as a boost for Indian MSMEs in sectors like textiles, leather, auto components and industrial equipment. Labor & Costs in the Region: Northern Ireland households and small businesses face summer energy bill hikes as firmus energy and Power NI raise regulated gas and electricity tariffs from July 1, with gas up about 15.65% in the Ten Towns network. Energy Diplomacy: Azerbaijan kicks off Baku Energy Week with the Baku Energy Forum, spotlighting sustainable energy, export opportunities and long-term energy strategy—an event closely watched by investors and regional operators.

Energy Cost Pressure on SMEs: Commercial LPG prices were hiked again from June 1, with Delhi’s 19-kg cylinder up Rs 42 to Rs 3,113.50 and Kolkata up Rs 53.50 to Rs 3,255.50; the 5-kg “chotu” Free Trade LPG cylinder also rose (Delhi to Rs 821.50), hitting restaurants, hotels, caterers and small vendors that rely on cooking gas. SME Resilience & Planning: In Singapore, SMEs say the Middle East conflict is driving uncertainty and higher costs, pushing them to rethink operations; industry groups argue sustainability can help firms stay agile. Power Crunch & Business Impact: Nigeria’s Peter Obi (NDC) pledged to add at least 10,000MW to the grid within four years, aiming to cut the fuel-and-generator burden that squeezes manufacturers and small businesses. Policy Support for Entrepreneurs: Egypt earmarked EGP 5bn for small businesses and entrepreneurship in its 2026/27 budget, alongside export rebates and financing for productive sectors. Digital Access After Iran Blackout: After 88 days of near-total internet disruption, Iranians are reconnecting—unevenly—highlighting how war and state controls can damage everyday commerce and services. Funding Gap Warning: Nigeria’s credit squeeze remains a concern, with a report warning SMEs face a major private-sector lending shortfall despite bank liquidity.

Energy Shock on SMEs: Middle East conflict-linked fuel price spikes are squeezing businesses across the region and beyond, with the IMF urging governments to protect vulnerable households using targeted, temporary cash transfers instead of broad subsidies or price caps that can worsen inflation. Policy Pressure on Households: As energy costs rise, the IMF’s guidance is pushing countries to let domestic fuel prices track international costs while keeping support focused on those most at risk—an approach that can help keep small businesses operating. Tourism Hit: Rising jet fuel and uncertainty tied to Middle East tensions are weighing on tourism recovery in Asia, threatening jobs in travel-heavy economies just as peak season approaches. Local Business Demand Signals: In Qatar, loyalty apps are becoming a bigger part of everyday commerce—rewarding customers via mobile payments and personalized offers—showing how SMEs can compete through digital engagement. Power and Growth Plans: Nigeria’s Peter Obi says a future administration would raise electricity generation capacity to 10,000MW, aiming to tackle the chronic power gap that limits enterprise growth. SME Market Access: South Africa’s small business delegation and partners are using trade and cultural events to spotlight SME ecosystems and innovation, including through visits tied to entrepreneurship and digital economy support.

Loyalty Apps in Qatar: Customers across Doha are increasingly earning points, cashback and personalised offers via mobile loyalty apps spanning aviation, telecoms, retail and hospitality, with analysts projecting the wider Middle East loyalty market to reach $5.49bn by 2029 as digital payments and smartphone use accelerate. UAE Growth Snapshot: The UAE economy grew 6.2% in 2025 to Dh1.9tn, driven by a 6.8% jump in non-oil activity; trade, finance, construction and manufacturing led, supporting the country’s push toward a more digital, diversified model. UAE Trade Push: The UAE is deepening ties with the Eurasian Economic Union, with non-oil trade topping $33.3bn in 2025 and Kazakhstan emerging as a key partner. Energy Costs for SMEs: LPG and household natural gas prices in Taiwan will stay unchanged in June as the state absorbs losses to cushion consumers and small businesses, while industrial gas prices rise to reflect higher costs. Sanctions Hit Supply Chains: The US Treasury added an Iran-based procurement network to its sanctions list, alleging it impersonated US small businesses to buy restricted goods for Iran’s defense-linked entities—raising compliance and risk concerns for exporters and vendors. AI Market Hype vs Payoff: New Ruvi AI updates and related coverage keep spotlighting “one token” AI models that aim to route value back to contributors, as investors look for more measurable ROI in AI tooling.

U.S.-Iran Sanctions: The U.S. Treasury (OFAC) added an Iran-based procurement network to its sanctions list, alleging it impersonated U.S. small businesses to buy restricted goods for Iran’s defense bodies—another direct hit to cross-border SME supply chains. UAE Trade: The UAE used the Eurasia Economic Forum in Astana to push deeper trade ties with the Eurasian bloc, highlighting non-oil trade growth and Kazakhstan as a key partner—good news for regional exporters and logistics SMEs. South Africa Business Rescue: South Africa’s business rescue success rates rose to 66% in 2026 (from 55% pre-Oct 2023), with small firms faring better—an encouraging signal for distressed SMEs seeking a second chance. Energy Costs & SME Pressure: Reports point to rising costs tied to the Iran war and broader energy shocks, with small businesses struggling to keep up—especially where fuel, power, and insurance premiums climb together. Digital Tools for SMEs: Dubai-based Canborsa launched a beta for a perpetual DEX for tokenized real-world assets, aiming to make 24/7 trading more accessible for smaller players.

SME Migration & Expansion: Entrepreneurs are weighing relocation routes abroad—from work visas and starting businesses to investment residency and digital-nomad options—highlighting that success depends on matching legal, economic, and cultural requirements to business goals. Trade & Execution Tools: Dubai-based Local Trade Copier 3.0.0 for MT4/MT5 adds a manual-like execution mode for traders facing prop-firm and broker restrictions, aiming to give more control over copied trades. Local Business Support (Gaza/Kurdistan angle): Eid al-Adha crowds in Erbil’s heritage festival show how holiday tourism can directly feed artisans and small vendors through demand for handmade products. Financing & Growth for SMEs: Ghana’s KSrelief backed orphan support with nearly $1m, including vocational empowerment for guardians—an indirect boost to household micro-enterprise capacity. Digital Finance in the UAE: Open Finance and Digital Dirham initiatives are pushing UAE digital finance forward, a tailwind for fintechs and small merchants adopting new payment rails. Energy Costs Pressure: Northern Ireland households face gas and electricity bill rises, a reminder that operating costs remain a key risk for small firms across the region.

SME Finance & Trade: Kazakhstan and the UAE are deepening business ties after talks in Astana, with Kazakhstan’s exports to the UAE up 42.1% year-on-year and bilateral trade turnover rising 5%; the UAE also remains a top investor in Kazakhstan, with $1.6bn in FDI in 2025. Digital Livelihoods: Iran’s 88-day internet shutdown is being framed as a direct hit to small businesses and independent workers, with reconnection described as slow and uneven—raising concerns that entrepreneurs can’t plan or sell reliably. Energy Cost Pressure on SMEs: UK SMEs are bracing for another fuel-and-energy spike as US strikes on Iran complicate hopes for reopening the Strait of Hormuz; the knock-on effect is higher operating costs for small firms. Geopolitics vs Growth Sentiment: A UK small-business sentiment snapshot shows owners still rate their own firms as healthy, but confidence in the wider economy is slipping—alongside worries about oil prices and running costs. FDI for Local Supply Chains: Thailand’s vice-finance minister says FDI should translate into technology transfers and stronger domestic supply chains so local SMEs can scale, not just benefit from capital inflows.

Internet & SMB Impact in Iran: Iran’s 88-day internet shutdown is over, but reconnection is partial and slower than before, with traffic still far below normal—hurting work, customer contact, and online selling for small businesses. Digital Security for Regional SaaS: Token Security will present research on a chained exploit that can take over Zapier AI platform accounts, underscoring rising risks for automation-heavy SMBs. SME-Friendly Funding in Syria: Saudi Arabia pledged $1.5B to support Syrians returning from camps, including housing, utilities, infrastructure, and small business support—aimed at restarting parts of the economy. UAE Digital Finance Push: Open Finance and Digital Dirham initiatives are driving the UAE’s digital finance transformation, a potential tailwind for payments and fintech adoption by smaller firms. AI Reshaping Work in Israel: Wix cut about 20% of its workforce (1,000+ jobs) as it rebuilds around AI-native operations—another sign of cost pressure and automation in the SMB tech stack. Energy Cost Pressure: A poll highlights that energy affordability is a top concern for households and small businesses, with strong support for faster permitting and grid upgrades.

Digital Access & SMB Impact: Iran has started restoring international internet access after nearly 90 days of blackout, with connectivity returning in stages—good news for businesses that rely on global platforms, but analysts warn it could be switched off again if unrest or war dynamics shift. Regional Jobs Pressure: The ILO says the Middle East crisis is increasingly hitting labour markets worldwide through fuel, shipping, tourism, remittances and higher operating costs—threatening jobs, incomes and decent work. Trade Disruption Watch: With the Strait of Hormuz blockade fallout spreading, developing economies face not just price shocks but explicit shortages of oil, gas and key derivatives, raising the risk of business slowdowns and layoffs. Local Business Cost Squeeze: In Anchorage, two long-running bars shut down citing rising insurance, rent and supplies—another reminder that cost inflation is forcing closures even before demand fully recovers. Policy & Tax Signals for Owners: Australia’s government is moving ahead with controversial tax reforms (including capital gains changes) despite backlash, while also pushing “right to repair” expansion to reduce downtime costs for small firms and farmers. SME Tech/Operations: Korea’s Bank of Korea held its rate at 2.5%, pointing to uneven effects of oil-price pressures and a semiconductor boom that still isn’t lifting small businesses broadly.

Internet & Trade Disruption: Iran has reopened international internet access after a near-90-day shutdown, a move analysts say may be driven partly by the economic hit to businesses and connectivity. SME Risk & Compliance: ACCPA expanded its global AML compliance community with free lifetime membership, aiming to lower the cost barrier for professionals in the Middle East and beyond. Gaza Reconstruction Governance: A Portland Trust analysis says most Gaza reconstruction proposals lack clear transparency mechanisms, raising concerns for contractors and local SMEs about how projects will be monitored and funded. Energy & Cost Pressure: Gaza and wider regional conflict continue to feed fuel-price stress; in the U.S., a Wisconsin group is handing out gas cards citing war-driven supply disruption. Local Growth & Skills: Oman and other regional initiatives keep pushing industrial investment and skills—while in Egypt, Al Shroouk Scan & Lab is seeking expansion by 2030. Business Expansion Signals: Saudi-focused RedCloud launched its RedAI infrastructure JV operations, targeting FMCG distributors and retailers across key corridors.

Camp David Cabinet Shuffle: Trump’s Cabinet meeting on Iran talks and the economy was yanked from Camp David to the White House at the last minute due to bad weather, with all members expected to attend—including outgoing DNI Tulsi Gabbard—while officials frame the agenda around “small business wins,” a fraud task force, and foreign-policy updates as US-Iran negotiations stay tense. SME Cashflow Spotlight: Sri Lanka’s PickMe (DMSL) reported FY25/26 revenue up 49% to Rs. 8.7b, with Rs. 73b distributed to independent earners and merchants and Rs. 2.7b in taxes—another reminder that platform growth can translate into local livelihoods. Digital Payments Push (Middle East): UAE’s digital finance momentum continues, with “Open Finance and Digital Dirham” initiatives highlighted as drivers for SME-friendly payments infrastructure. Tech for Cost Cuts: ASUS is targeting Kenya’s SMEs with AI-embedded devices designed to reduce staffing and IT overhead—aiming at a market where most businesses run without dedicated tech managers. Energy Pressure Theme: Across regions, fuel and cost shocks keep hitting small operators—whether it’s gas-tax relief debates in the US or inflation easing elsewhere but still tied to Middle East-driven energy uncertainty.

SME Finance & Markets: UAE’s Central Bank push into Open Finance and the Digital Dirham is moving from pilots to real rails for payments, liquidity and SME lending, with experts saying it’s about modernising infrastructure—not just adding apps. Web3 Marketing Infrastructure: Ajman-based Influence360 launched a global KOL campaign engine for Web3, aiming to make creator payments and performance tracking more transparent across languages and platforms. Energy & Business Demand: In the US, Enlight Renewable Energy signed a 15-year solar deal with Google to power data centers in Oklahoma—another reminder that big tech demand is still driving clean power projects. Regional Tech Policy Watch: Canada’s Bill C-22 is drawing global tech and security backlash over surveillance risk, a signal that privacy rules are becoming competitiveness issues. Ongoing Middle East Pressure: The US-Iran track remains tense as a rare Camp David Cabinet meeting is set for Wednesday, while Iran restores global internet access after an 88-day blackout.