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AGP Executive Report

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Agriculture Investment Push: Kuwait is looking to lift investment in the agriculture sector, with a reform-era plan aimed at closing the gap and boosting food security, including incentives for Kuwaiti farmers and tech upgrades like hydroponics and vertical farming. Licensing Crackdown: Kuwait Municipality is warning businesses to follow licensing rules after launching a campaign that targets unlicensed activity and unapproved space, with penalties that can reach KD5,000 and closure. Power & Water Projects: The Ministry of Electricity, Water and Renewable Energy is awaiting State Audit Bureau approval for nine contracts covering network upgrades and maintenance, including high-voltage line upkeep and new water pumping facilities. Commercial Concealment Law: Kuwait has published Decree-Law No. 78/2026 on commercial concealment, setting jail terms and fines up to KD100,000 for illegal economic activity and front arrangements. Banking for Young Kuwaitis: NBK will let customers move from its Youth Package to the “Plus” Package after their first salary, adding cash rewards and lifestyle benefits. Energy & Markets: Action Energy reported H1 2026 results, with net profit up 96.6% and a board-recommended interim cash dividend of 3 fils per share. Gold Moves: Gold closed at $4,342 per ounce, up more than 7% for the week, supported by softer US labor data and Middle East uncertainty. Youth Health Rules: Kuwait’s energy drink restrictions are reshaping habits among young consumers, pushing some toward coffee and other alternatives. Regional Security: Kuwait welcomed a UN Security Council statement condemning Houthi missile attacks on Saudi Arabia and threats to commercial vessels, reaffirming solidarity with Saudi Arabia.

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.

AGP Wire

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Aug. 7, 2026

DU Digital Global launches 6 KD all-inclusive consular support in Kuwait

AGP

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Jul. 20, 2026

Tradloc launches GCC trade intelligence platform

AGP

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Jul. 10, 2026

Undercover expands mystery shopping services for Dubai businesses

AGP

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Jun. 30, 2026

Shufti helps AZ eWallet speed customer onboarding in Kuwait

AGP


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Saudi Arabia’s non-oil trade surplus with GCC falls 55% in May

Saudi Arabia’s non-oil trade surplus with GCC falls 55% in May


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Aug. 7, 2026

Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-Month Period Ended June 30, 2026

GlobeNewswire, Inc.

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Aug. 7, 2026

DU Digital Global Launches 6 KD All-Inclusive Consular Assistance at Indian Consular Application Centres Across Kuwait

EIN Presswire

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Aug. 6, 2026

Lexicon Pharmaceuticals Reports Second Quarter 2026 Financial Results and Provides Clinical Updates 

GlobeNewswire, Inc.

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Aug. 4, 2026

Aqua-Tots Swim School Continues Middle East Expansion with New Location in Sabah Al Salem, Kuwait

GlobeNewswire, Inc.

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Jul. 29, 2026

Amarin Reports 2026 Second Quarter Financial Results Demonstrating Early Success of Fully Partnered International Commercial Strategy and Continued Leading U.S. Market Presence

GlobeNewswire, Inc.

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Jul. 29, 2026

Precision Drilling Announces 2026 Second Quarter Unaudited Financial Statements

GlobeNewswire, Inc.

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