AGP Executive Report
Last update: 4 hours agoBanking: UAE banks’ assets rose 1.3% to Dh5.74 trillion in August, with credit up 2.6% to Dh2.87 trillion and deposits reaching Dh3.53 trillion. AI push: Abu Dhabi launched AiNative training with OpenAI, Microsoft and MBZUAI, aiming to equip 20,000 government employees by year-end as the emirate targets AI-native government services by 2027. AI investment: OpenAI is reportedly seeking at least $30 billion in a new funding round, with UAE funds discussing a possible investment of up to $10 billion. Advanced manufacturing: Dana Gas and Levidian have started graphene production in Sharjah, with the first unit capable of producing more than one tonne annually. Trade: The UAE-Eurasian Economic Union agreement has entered into force, opening a new trade corridor and targeting $50 billion in trade by 2032. Energy logistics: ADNOC Logistics & Services ordered three gas carriers for $324 million, each backed by a seven-year contract with ADNOC Global Trading.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
