AGP Executive Report
Last update: 11 hours agoUAE–Lebanon Trade Push: The UAE led an 80-plus delegation to Beirut, signing an intergovernmental MoU and reviving a joint UAE-Lebanon business council to boost private-sector trade and investment, with non-oil trade at $4.2bn in 2025. Work Permit Rules: MoHRE published clear step-by-step procedures for renewing and cancelling private-sector work permits, plus new guidance on permit types valid for under two years and conditions that can lead to suspension or cancellation. Iran Sanctions Spillover: US Treasury moves to cut off Banque Misr’s UAE operations over alleged Iran links, while analysts say G20 partners are largely shrugging off the “Operation Economic Outcast” push. AI & Fintech Growth: UAE-based Oro raised $3m to scale its natural-language AI finance platform, and a think tank report put UAE at 70.1% generative AI use—highest among surveyed countries. Business Expansion: MTN partnered with a UAE data-centre investment platform to build AI-ready infrastructure across Africa, and Taco Bell is set to return to the UAE after 14 years via Americana’s Gulf expansion plans. Industrial Deals: Fujairah Natural Resources Corporation signed with JSW Cement to build a 1.65m tonnes-per-year cement grinding unit in Al Tawyeen.
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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