AGP Executive Report
Last update: 4 hours agoUAE–Nigeria Diplomacy: Sheikh Shakhbout bin Nahyan met Nigeria’s President Bola Tinubu, with talks focused on economy, trade, investment, energy, infrastructure, logistics and tech. Telecom Deal: e& agreed to sell its full 16.21% stake in Vodafone for about $5.95bn, ending its UK investment push; French telecoms tycoon Xavier Niel’s vehicle Vega will become Vodafone’s largest shareholder. Energy & Shipping Watch: With Hormuz flows partially recovering, the IEA said global oil supply rose in June, but Gulf output still sits well below pre-conflict levels as security disruptions persist. LNG Fleet Expansion: ADNOC Logistics & Services ordered four new LNG carriers worth about $900m, taking its LNG newbuild programme to 18 vessels with deliveries in 2029. Fintech Regulation: Remitly secured a CBUAE Stored Value Facilities and Exchange Category IV license to launch new UAE financial products. Aviation Premium Push: Emirates will deploy the A380 on the Dubai–Delhi route from Oct 25 and expand Premium Economy to six Indian cities. PropTech Funding: Dubai Future District Fund backed MetaProp Fund IV to anchor early-stage PropTech innovation in line with D33. Global Payments Tech: SWIFT said its blockchain-based shared ledger is ready for initial use as 17 banks pilot tokenised cross-border payments.
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