AGP Executive Report
Last update: 8 hours agoNepal–India Investment Push: Nepal Finance Minister Swarnim Wagle urged Indian investors and industrialists to expand investment in Nepal, pointing to opportunities in digitalization, clean energy, high-value agriculture, wellness tourism and manufacturing, as the country seeks a “reset” on trade and connectivity. Banking Strike Contingency: India’s Finance Ministry convened bank chiefs to prepare for a proposed three-day nationwide strike starting Sept. 28, with focus on keeping essential services running during the half-year closing period. Ukraine Steel Disruption: Russian strikes have halted Ukraine’s three main steel mills, cutting off about 90% of national steel output and raising concerns for jobs and tax revenues. UAE Rates & Markets: After a Fed hike, the UAE Central Bank lifted its base rate, with expectations of higher EIBOR costs and uneven impacts across Dubai’s equities, including banks and property. RWA Growth Watch: Onchain real-world assets hit $34.18B (up 85% YTD), but only ~12% is used in onchain finance applications. UK Crypto Rule Update: The FCA opened crypto authorisation applications for UK firms on Sept. 30, with stablecoin and staking activities in scope and transitional applications due by Feb. 28, 2027. Private Tech Financing: Zhejiang Jingneng Microelectronics (Geener) completed a RMB 630M Series C round to expand power electronics R&D and production, targeting data centers, aerospace and advanced energy uses.
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