AGP Executive Report
Last update: 6 hours agoInvestment: Kuwait expects foreign investment inflows of about $16 billion in 2026, following more than $6 billion in 2025; the forecast is tied largely to the Shaheen project with KPC and international companies. The Crown Prince and Prime Minister also met BlackRock and KKR leaders to discuss investment partnerships and economic development. Trade Ties: Kuwait and the City of London explored stronger investment links, while Kuwait and Italy set a roadmap to deepen cooperation through 2030. Fiscal Policy: Cabinet approved a draft GCC excise tax law. An economic expert has warned that sovereign wealth cannot replace fiscal discipline amid Kuwait’s oil dependence and budget deficit. Oil Market: Brent fell 1.8% to $113.72 a barrel as peace talks advanced, though UBS expects prices to remain near $110 through year-end amid supply risks. Worker Protections: Kuwait is stepping up wage oversight, including a field inspection of a Mahboula security firm after employee complaints.
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