AGP Executive Report
Last update: 10 hours agoEnergy & Trade: ADNOC signed a 10-year, up-to-4-million-tonne LNG supply deal with India’s Gujarat Energy, worth about $3 billion, with deliveries due from 2028. The deal comes as Strait of Hormuz disruption threatens tighter global gas supplies this winter. Corporate Results: Emirates Group’s first-half profit fell 66% as conflict kept transit passengers away, while RAK Ceramics’ third-quarter profit rose 15.5% to Dh78 million on strong regional demand. Economic Pulse: The UAE’s non-oil PMI remained firmly in growth territory at 54.8 in October, but companies raised prices at the fastest pace on record. Property: Abu Dhabi home sales climbed 30% to Dh12.97 billion in October, and Dubai rents rebounded in the third quarter. Investment: ADIPEC 2026 mobilised $67 billion in energy investment, as Abu Dhabi accelerates its clean-energy expansion.
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