AGP Executive Report
Last update: an hour agoVenezuela Disaster Response: A new 4.2 quake struck near Caracas and La Guaira as rescue efforts continue after last week’s twin earthquakes, with the death toll reported around 1,450 and hundreds of buildings damaged. The U.S. pledged over $300 million in aid and deployed urban search-and-rescue teams, while Cuba sent a special search-and-rescue brigade with dogs to help. Energy & Investment: Abu Dhabi’s XRG and Italy’s Eni will each buy 32% stakes in three YPF upstream blocks tied to Argentina’s Vaca Muerta-linked LNG push, aiming to feed a 12 mtpa Argentina LNG project. Regional Finance: The Dominican Republic joined CABEI as a Series A shareholder, boosting the bank’s capital and expanding lending capacity for infrastructure and development. Trade & Logistics: IATA reports global air cargo demand rose 6% in May, though Middle East carriers saw declines. Caribbean Tourism: The Dominican Republic highlighted cruise growth at the PAMAC Destination Summit, projecting 3 million cruise passengers in 2026.
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