AGP Executive Report
Last update: 6 hours agoG7 & Middle East Diplomacy: G7 leaders in Évian-les-Bains opened talks on Ukraine and the Middle East as US-Iran ceasefire terms and the planned reopening of the Strait of Hormuz stayed in focus, with UAE and other regional states joining the discussions. Energy & Trade Impact: Oil prices slid as markets weighed how quickly Hormuz will return to normal, while Reuters reported a US-led, secret ship-to-ship operation near Fujairah and Sohar to keep Gulf exports moving. UAE Aviation Expansion: Dubai’s Al Maktoum International Airport expansion remains on track for 2032, with 10 million work hours logged, AED13bn in contracts under execution, and AED55bn+ expected to be awarded. Dubai Business & Finance: DIFC authorised Oak Hill Advisors, marking another global credit-focused hedge fund manager expansion into Dubai. Travel Retail Tech: Armaf and TRSS launched an Armaf-branded smart fragrance kiosk at Abu Dhabi’s Zayed International Airport, aiming to boost passenger engagement and sales. Regional Investment Signals: Kuwait unveiled a 15-year residency scheme for eligible foreign investors, underscoring Gulf competition for capital and talent.
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