AGP Executive Report
Last update: 4 hours agoExcise Tax Update: The UAE will introduce a minimum excise price for vape liquids from September 1, setting AED1 per millilitre to tighten compliance and boost tax effectiveness. UAE Visa & Permits: The government has published a full list of 10 visa categories for foreigners, and it also announced a new monthly entertainment permit fee of 500 dirhams for non-nationals working in the sector. Real Estate Finance: Dubai Islamic Bank launched a new shariah-compliant off-plan home finance option, letting buyers pay only profit during construction while instalments start at handover or within 24 months. Banking & AI: Abu Dhabi Islamic Bank named Pedro Uria-Recio as its Chief AI Officer to scale AI across customer experience, risk management and operations under Vision 2035. Logistics & Trade: The UAE is expanding integrated supply-chain infrastructure across sea, land, air and rail, including new Sharjah-Oman logistics corridors and growing rail freight links. Regional Energy & Water Cooperation: Abu Dhabi’s Department of Energy wrapped up a US visit to expand partnerships on energy and water resilience, including AI and advanced technologies. Markets: Dubai Financial Market ended the week up 0.29%, with gains led by communications and basic materials. Middle East Risk Watch: Multiple reports this week focus on the wider economic pressure campaign around Iran, with the UAE suspending trade and financial transactions with Tehran after missile alerts.
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.
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