AGP Executive Report
Last update: 9 hours agoBanking: First Abu Dhabi Bank plans to raise Dh15 billion through a rights issue priced at a 30% discount, with Mubadala set to take up its full entitlement. UAE banking assets grew 4% to Dh5.815 trillion in the third quarter. Maritime: Dubai ranked fifth globally for maritime resilience, while Abu Dhabi entered the world’s top 15 maritime cities for the first time. A tanker struck off Ras Al Khaimah was evacuated safely, with all 22 crew accounted for. Corporate Results: EMSTEEL reported third-quarter revenue of Dh2.5 billion, up 15% year on year, and net profit nearly doubled. Dubai Aerospace Enterprise’s nine-month revenue rose 13.2% to $1.45 billion. Trade and Investment: The Ministry of Foreign Trade and DHL will train more than 10,000 UAE companies to improve export readiness. The UAE also ranked fifth in its GDP peer group for quality infrastructure supporting sustainable development. Public Finance: Corporate tax revenue rose 33.9% to Dh46.52 billion in 2025.
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