AGP Executive Report
Last update: 8 hours agoTelecoms: du’s nine-month net profit rose 10.8% to Dh2.4 billion on revenue up 6.2% to Dh12.3 billion, with a 20-year licence renewal providing longer-term regulatory certainty. Investment: Gulf sovereign wealth funds invested $14.2 billion in China and Hong Kong in the first nine months of 2026; Abu Dhabi’s ADIA contributed $2.5 billion and Mubadala $800 million. Trade ties: The UAE and Singapore agreed to begin talks on an economic partnership, alongside cooperation agreements on energy, public health and water. Economic outlook: Coface downgraded the UAE’s risk rating from A2 to A3, citing exposure to Hormuz disruptions and rising energy costs; it expects GCC economies to contract in 2026. Dubai growth: The emirate’s economy reached Dh473 billion in the first half of 2026, while Dubai’s integrated economic zones recorded Dh246 billion in trade, up 17%. Digital services: The Federal Tax Authority launched an AI-powered tourist VAT refund platform, aiming to cut processing time to one day.
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.
Perspectify News
