AGP Executive Report
Last update: 11 hours agoTrade and Growth: The UAE’s non-oil foreign trade reached Dh2.945 trillion ($800 billion) in the first nine months of 2026, up 10.1% year on year, with exports rising 21.6% to a record Dh706 billion. Gulf of Oman Rescue: The National Guard rescued all 22 crew members after a cargo ship caught fire near the UAE coast; no casualties were reported. Abu Dhabi Talks: Russian, Ukrainian and US delegations are due in Abu Dhabi on November 10–11 for talks on security and possible peace terms. Emirati official Anwar Gargash warned that a broader US-Iran settlement remains difficult. Energy Security: A suspected drone attack on Iraq’s Khor Mor gas field, operated by a consortium including UAE-based Dana Gas, halted production while damage is assessed. Regional Links: GCC states signed an agreement to build and integrate a 2,117-kilometre railway network, targeting full operation by 2030. Business: ADNOC Distribution reported a 37% rise in nine-month net profit to $791 million, supported by higher fuel volumes and retail growth.
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