AGP Executive Report
Last update: 4 hours agoUAE Energy & Infrastructure: ADNOC has taken a final investment decision on the $6.2bn Umm Shaif Gas Cap project in Abu Dhabi, awarding $5.1bn of EPC packages and setting up drilling services to unlock 600+ million standard cubic feet per day, with production targeted for 2030. UAE Payments: Al Etihad Payments and Mastercard announced the first Jaywan–Mastercard co-badged credit card, plus a UAE operations centre and switch/processing upgrades to expand global acceptance. UAE Trade & Logistics: DP World will develop two major ports in Fujairah, designed to handle 2.5m TEUs annually and lift UAE container capacity to nearly 22m TEUs, linking terminals with Jebel Ali and free zones. UAE Business & Tourism: Dubai launched “A Dubai Invite,” letting residents register guest arrivals (20 Jul–31 Oct) for hotel and attraction rewards, with verification via GDRFA. UAE Finance & Banking Ties: Qatar Central Bank’s governor met the UAE ambassador to discuss boosting financial and banking cooperation. Entrepreneurship in Sharjah: RUWAD reported H1 2026 momentum, accepting 291 new entrepreneurial projects and training 409 entrepreneurs. Regional Risk Watch: Yemen’s escalation around the Saudi-Houthi truce is already rerouting ships toward the Suez Canal, keeping Red Sea and shipping risk in focus.
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