AGP Executive Report
Last update: 5 hours agoGrowth Outlook: The IMF sees UAE economic growth reaching 7.7% in 2027, one of the fastest rates among regional energy exporters. Property: Aldar plans a major Dubai villa and townhouse project by year-end, even as Dubai’s third-quarter home sales fell 47% in value year on year. Its London unit plans 9,000 homes over five years, with UAE buyers making up 10–15% of international sales. Finance: State Street plans to hire about 100 Emiratis for its Al Ain centre, while Standard Chartered has opened direct Bitcoin and ether trading to affluent UAE clients. Technology: Sharjah launched an AI platform to help investors find factory and warehouse sites; separate WEF research estimates AI could unlock $1 trillion in Mena by 2030. Markets and Industry: UAE shares rose as banks led gains, while ADNOC-linked stocks slipped amid supply-chain concerns. Mubadala-backed GlobalFoundries will operate two US chip plants under a deal involving up to $21 billion in Japanese investment.
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