AGP Executive Report
Last update: 5 hours agoMaritime Security: A drone attack struck a Panama-flagged tanker at Sharjah Anchorage; all 22 Indian crew members were reported safe as authorities monitored the incident. Economic Outlook: UAE real GDP reached Dh961.9 billion in the first half of 2026, up 0.4%, with non-oil activity growing 1.8%; the economy contracted 2.1% in the second quarter. Digital Payments: Dubai’s cashless strategy beat its 2026 target and added Dh8 billion to the economy. Food and Trade: Global Food Week in Abu Dhabi closed with deals worth Dh6.9 billion, while UAE food producers say phased salt and sugar limits are manageable. Investment: SoftBank is seeking up to $100 billion from Gulf investors for an AI-focused buyout fund, though no commitments have been confirmed. Regional Ties: The UAE will join IMF and World Bank meetings in Bangkok next week, and has concluded CEPA negotiations with Thailand to boost trade and investment.
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