AGP Executive Report
Last update: 4 hours agoEnergy Watch: UAE oil exports jumped about 30% in June to over 3.9 million barrels per day, near the highest level since 2017, as shipping through the Strait of Hormuz improves and the country leans on pipeline routes and storage while planning to cut reliance on the strait. Industrial Update: Emirates Global Aluminium says it has made significant progress restarting its damaged Al Taweelah plant in Abu Dhabi after an Iranian drone attack, with restoration milestones ahead of schedule. Markets & Finance: The UAE Ministry of Finance’s inaugural retail sovereign retail T-sukuk programme has been officially listed on Nasdaq Dubai after strong demand, with subscriptions reaching AED445m and the issuance size increased to AED100m. Crypto Regulation: VARA Dubai issued its 50th VASP licence, bringing the UAE to 101 regulated virtual asset service providers, with more than half under VARA. Public Safety & Daily Life: Abu Dhabi City Municipality stressed compliance with the Midday Work Ban and heat-safety rules for construction sites, while Dubai traffic is seeing delays around the Dubai Creek/Deira area and key airport corridors. Business & Deals: Sanad (Mubadala) invested over $6.8m to expand LEAP engine MRO capabilities in Abu Dhabi, and BlueFive Capital acquired a 70% stake in Gulf Cobla.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
