AGP Executive Report
Last update: 6 hours agoUAE Economy & Finance: The FTA says VAT refunds for UAE nationals building new homes jumped in H1 2026, with about 4,000 approved applications worth Dh353.5m—up from 3,100 worth Dh284.8m a year earlier. Energy & Industry: ADNOC has approved the US$6.2bn Umm Shaif Gas Cap project, with TotalEnergies, Eni and CNPC, aimed at unlocking over 600 million scfd of gas and boosting LNG growth. Payments & Banking: e& and Core42 launched a sovereign AI compute platform, while FAB rolled out the Jaywan debit card under the national payment scheme and banks began issuing Jaywan cards for domestic use. Regional Security & Travel: With Iran-U.S. tensions and Strait of Hormuz attacks continuing, UAE officials condemned renewed Iranian strikes on Bahrain and Kuwait, and airlines kept adjusting routes and suspending services. Property & Construction: A consultancy says UAE construction is moving from fast expansion to execution-focused delivery, with developers facing more pressure on planning, procurement and sustainability. Tech & Governance: The UAE’s Islamic banks hold about 18% of banking assets, and the sector’s 2031 plan targets more than doubling assets to Dh2.56tn.
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.
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