AGP Executive Report
Last update: 10 hours agoBusiness Conditions: The UAE’s non-oil private sector grew in October, with PMI at 54.8. New orders and export business strengthened, but firms raised selling prices at the fastest pace since the survey began as input costs climbed; employment dipped slightly. AI Investment: OpenAI signed UAE deals spanning ADNOC energy operations, government services and investment, as Dubai’s DIFC fintech and innovation community passed 2,000 firms. Energy: The UAE outlined Dh200 billion in energy investment at ADIPEC, while XRG agreed to buy Shell’s stake in Australia’s North West Shelf project for $1.45 billion. ADNOC Gas also signed a five-year LNG supply deal with TotalEnergies. Trade and Finance: UAE trade recorded double-digit growth in the first nine months of 2026, officials said. Gulf-Asia trade finance platform mamun raised $3 million to expand its cross-border financing business.
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