AGP Executive Report
Last update: 8 hours agoBusiness Disruption: A Microsoft outage hit Outlook, Teams and other services across 74 countries, including the UAE, disrupting businesses and public institutions. SpiceJet also cancelled four Dubai flights after ground handler dnata suspended check-in over more than Dh14 million in unpaid dues; Delhi airport warned of possible further disruption. Energy: ADNOC’s second crude pipeline is expected to be completed around January, doubling capacity to 3.6 million barrels a day; a third is planned by 2029. Corporate Results: Emirates Global Aluminium reported nine-month revenue of Dh19.4 billion, down from Dh23.1 billion a year earlier, as sales volumes fell 36%. Higher prices, a richer product mix and cost controls lifted its adjusted EBITDA margin to 30%. Finance: First Abu Dhabi Bank plans to raise up to $4.1 billion through a rights issue to fund growth. UAE banking assets rose 4% to Dh5.815 trillion in the third quarter. Property: UAE real estate remains buoyant: Abu Dhabi transactions reached Dh171.26 billion in the first nine months, up 76.1% year on year.
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