AGP Executive Report
Last update: 11 hours agoUAE Economy Watch: S&P Global’s UAE PMI rose to 52.6 in May, but non-oil growth stayed subdued as Strait of Hormuz disruptions hit demand, exports, and costs. Abu Dhabi Housing Relief: ADREC has suspended rent increases for lease renewals until further notice, keeping the approved rental value unchanged. Nuclear Safety: IAEA chief Rafael Grossi called the Barakah drone attack “highly irresponsible,” saying the plant’s safety response passed “with flying colours.” AI for Emiratis: A new AI Leadership Programme under the National Experts Programme will train Emiratis across 25 priority sectors to support AI Strategy 2031. Regional Security & Flights: Iran missile attacks on Kuwait and Bahrain triggered US strikes and led to flight diversions and suspensions across the Gulf, with Dubai on heightened alert. Energy & Markets: Oil traders warn August could be a price stress point as shipping constraints persist; ADNOC also resumed naphtha exports via Oman, easing supply pressures. Business Deals: AD Ports agreed to buy Brazil’s CLI for $835m, aiming to link Brazil to Khalifa Port and Abu Dhabi Food Hub. Dubai Rules: Dubai issued new enforcement body-camera rules to improve transparency and privacy protection.
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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