AGP Executive Report
Last update: 10 hours agoAirline Earnings: Emirates Group posted AED4.1 billion in first-half pre-tax profit, but after-tax profit fell 66% to AED3.6 billion as Gulf conflict disruption and high fuel costs weighed on results. Corporate Results: Abu Dhabi investment giant IHC lifted nine-month profit 87% to AED32.3 billion, with international revenue more than doubling. Emaar Properties’ nine-month profit rose 17%; it also approved a $3.3 billion offer to take full ownership of Emaar Development and delist it. Energy Investment: ADIPEC closed with a record $67 billion in agreements, while Ta’ziz secured $1.39 billion in financing for ammonia and terminal projects in Ruwais. The UAE has outlined AED200 billion in energy investment to strengthen supply and resilience. Business Outlook: UAE non-oil firms raised prices at the sharpest pace on record in October, even as business confidence improved.
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