AGP Executive Report
Last update: 8 hours agoDefence Investment: Kuwait agreed to buy a £370 million ($489 million) British-made system to detect and counter drone threats nationwide, including coastal threats. Economic Outlook: The IMF forecasts Kuwait’s economy will contract 16.7% in 2026 as war disrupts energy production and shipping through the Strait of Hormuz; it expects a rebound in 2027 if trade and exports normalize. Financial Oversight: Kuwait’s Commerce Ministry imposed KD 155,000 in anti-money-laundering fines for failures to report suspicious transactions, including violations by real-estate brokers and precious-metals traders. Healthcare Market: Johnson & Johnson said conflict-related disruption has weighed on medical-device sales in the region, with budgets in Kuwait and neighboring Gulf states increasingly directed toward defence.
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