AGP Executive Report
Last update: 8 hours agoBanking & Capital: First Abu Dhabi Bank plans a Dh15 billion rights issue at a 30% discount, aiming to fund expansion and deliver 10%–15% annual loan and revenue growth through 2031. Dubai’s DIP shares rose 6% on debut after a Dh1.9 billion IPO. Markets: The Sensex has surged nearly 12% in 10 sessions, supported by easing oil prices and renewed foreign investment; analysts caution that a pullback remains possible. Household Finance: About 2.3 million UK fixed-rate mortgages expire in 2027. Borrowers coming off low-rate deals could face sharply higher payments, with average five-year rates at 5.48%. Investment Risk: A recent AI-led selloff erased US$2.3 trillion from the Nasdaq. Economists warn a bust could hit the broader economy harder than the dot-com crash. Tax Policy: California voters rejected a proposed one-time tax on billionaires, following a costly campaign. UAE Tax: Corporate tax collections rose 34%, while the tax authority reported higher on-time filing and payment rates.
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