AGP Executive Report
Last update: 3 hours agoRegional Security: The UAE condemned Houthi attacks on Riyadh airport as Etihad and flydubai extended cancellations to Saudi destinations, with Etihad suspending some Riyadh flights through October 19. Maritime Safety: UAE National Guard crews rescued 22 people after a tanker caught fire in the Arabian Gulf; ships near UAE anchorages were also told to move. Federal Budget: The Cabinet approved AED292.5 billion in spending for 2027–29, up 28.3% from the previous three years, with social development and pensions receiving the largest share. Energy and AI: Abu Dhabi plans Dh250 billion in energy and water investment through 2035, preparing for surging power needs from AI and industry. Infrastructure: A China-Abu Dhabi joint venture won a $2.7 billion contract for the West Terminal substructure at Al Maktoum International Airport, part of its major expansion. Economic Outlook: Fitch forecasts UAE growth of 8.5% in 2027, while expecting a strong rebound in non-oil activity. Weather: Rain and hail hit parts of the country, with further showers and dusty winds forecast in coming days. Technology: e& UAE says it has launched a world-first smartphone network feature that can deliver up to three times faster upload speeds.
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