Kuwait Airways Restructuring: Kuwait issued Decree-Law No. 77 of 2026 to convert Kuwait Airways into a wholly state-owned joint-stock company, keeping all shares under direct state ownership and giving the Kuwait Investment Authority board key general-assembly powers, with added operational flexibility for staffing, procurement and internal rules. Kuwait Energy Deal: Kuwait Oil Company (KOC) signed a record $16bn pipeline lease-and-leaseback/infrastructure partnership with a consortium including Blackstone, Brookfield and KKR, aimed at expanding and upgrading crude export handling tied to Jurassic Light Oil facilities. Kuwait-Pakistan Talks: Kuwait’s foreign minister Sheikh Jarrah Jaber Al-Ahmad Al-Sabah arrived in Islamabad for bilateral talks, with both sides expected to review cooperation across sectors and regional issues. Regional Shipping Tensions: Oman reportedly proposed a Gulf-backed Strait of Hormuz navigation plan to Iran, including voluntary shipping fees, but Iran rejected the idea while insisting on its own control terms—keeping energy-route uncertainty in focus. Market Mood in Kuwait: Boursa Kuwait felt the pinch as regional security concerns dented liquidity and pushed investors into a cautious, cash-conversion stance. Local Business & Projects: Kuwait tendered a study for an economic zone and free zone, while AEPCo and United Real Estate signed a 15-year solar investment agreement for Sharq Waterfront.