AGP Executive Report
Last update: 10 hours agoCorporate Earnings: Agthia’s nine-month profit rose 191% to Dh154.6 million, while revenue grew 9.6% to Dh3.9 billion despite higher logistics and input costs. Food Investment: NRTC opened a Dh50 million fresh-food processing facility in Dubai, expanding services for retailers, hotels and restaurants. Property Deals: Wasl signed an MoU with Ssangyong E&C to pursue projects worth about Dh10 billion over three years; Emaar also plans to buy out its construction arm in a $3.4 billion deal. Energy: TA’ZIZ secured Dh5.1 billion for two Ruwais projects, while Jereh received ADNOC Onshore project awards worth about $2.7 billion. Masdar and Endesa began work on a €25.2 million battery-storage portfolio in Spain. Business Climate: UAE non-oil firms reported stronger activity in October but raised prices at a record pace as costs climbed. Dubai’s main index jumped 4%, and DIP Holding priced the UAE’s first IPO of 2026 at Dh1.12 a share. Technology: Abu Dhabi and OpenAI are expanding AI adoption across government, adding momentum to the UAE’s push to build a regional digital economy.
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