AGP Executive Report
Last update: 8 hours agoBanking: First Abu Dhabi Bank plans to raise up to Dh15 billion through a rights issue to fund growth. UAE bank assets climbed 4% in the third quarter to Dh5.815 trillion, while credit rose 5.5%. Markets: DIP Holding’s Dh1.9 billion listing on the Dubai Financial Market marked the UAE’s first IPO of 2026. Business: AD Ports posted a record Dh975 million third-quarter profit, up 64% year on year, despite disruption to Hormuz shipping. Public finances: Corporate Tax revenue rose 33.9% to Dh46.52 billion for 2025; timely filing reached 91%. Fintech: UAE startup Wafr launched a blockchain platform to digitise sukuk issuance and settlement, backed by undisclosed pre-seed funding. Consumer economy: Amazon UAE joined the government’s essential-goods price platform, extending price comparisons to online shopping. Aviation: Emirates agreed to buy six leased A380s from Qatar’s Lesha Bank, with the final four transfers scheduled by April 2028.
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