AGP Executive Report
Last update: 6 hours agoUAE Digital Rules: Abu Dhabi has set a minimum age of 15 for social media use, banning under-15s from creating or using personal accounts and requiring platforms to use robust age checks (no self-declaration), with 15–16-year-olds allowed only under safeguards and a 12-month rollout window. Middle East Growth Outlook: A new report warns the Middle East economy will contract 4.1% in 2026, with the GCC shrinking 2.4%, before rebounding 8.1% in 2027 as trade routes normalise after the US-Iran deal. Energy & Markets: Oil and gasoline prices slid after the US-Iran interim agreement and early signs of Hormuz reopening, while analysts flag that reopening could release tens of millions of barrels and reshape regional crude differentials. Logistics & Trade: Qatar’s GWC launched a fully operational air-to-land corridor via Hamad using the TIR system, aiming to speed GCC cross-border cargo under a single customs document—highlighting the UAE’s role in regional routing. UAE Finance: Citi appointed Rajeev Garg as Head of Wealth for Citibank N.A., UAE, as the bank pushes client-centric wealth growth. Connectivity: e& UAE awarded a contract to roll out the world’s first commercial U6GHz mobile network, targeting a second-half 2026 launch. Road Safety: Abu Dhabi restricted delivery motorcycles on highways (120km/h+ roads), citing higher serious crash risks for riders. Corporate/Deals: Dream raised $260m to reach a $3bn valuation for sovereign AI and cyber defence for governments and critical infrastructure.
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