AGP Executive Report
Last update: an hour agoOil Spill: Sharjah has closed its beaches as an offshore tanker spill spreads along the UAE’s northern coast, raising concerns about marine life and possible risks to desalination plants. Regional Tensions: With Washington warning allies of possible renewed strikes on Iran, the UAE is urging dialogue and political solutions to prevent escalation. Trade and Investment: Canada and the UAE signed a trade deal and launched a strategic partnership during Abu Dhabi Crown Prince Sheikh Khaled’s visit, with major investment and defence ties also in focus. Banking: First Abu Dhabi Bank reported Dh29.71 billion in operating income for the first nine months of 2026, up 7% year on year, while net profit rose 3% to Dh16.46 billion. Space Technology: UAE-based Space42 joined Viasat and Canada’s Terrestar to explore linking satellite networks for direct-to-device mobile services. Travel: UAE airport seat capacity climbed to 7.2 million in October, up 23% from June, ahead of winter travel.
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