AGP Executive Report
Last update: 2 hours agoBanking: First Abu Dhabi Bank’s third-quarter profit rose 6% to Dh5.74 billion, supported by higher net interest income and loan growth. Trade: The UAE and Canada signed a free-trade agreement after 47 days of negotiations, deepening economic ties; Ras Al Khaimah also agreed to expand cooperation with China’s Fujian Province. Logistics: India’s Aegis Logistics is buying an 89.8% stake in Dubai-based Tristar Holdings for $809 million, extending its reach across more than 30 countries. Investment: The Central Bank held its base rate at 3.9%, while Abu Dhabi officials highlighted plans for Dh250 billion in energy and water infrastructure investment through 2035. Technology: Space42, Viasat and Terrestar will explore linking satellite networks for direct-to-device services. Regional outlook: US warnings of possible renewed strikes on Iran raise risks for the region; the UAE urged restraint and political solutions.
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