AGP Executive Report
Last update: 8 hours agoKuwait–Qatar Finance Ties: Kuwait and Qatar signed an MoU on financial cooperation on the sidelines of the AIIB annual meeting in Doha, aiming to exchange expertise and expand cooperation in finance, trade and investment. AI Infrastructure Push (KIA-linked): Samsung Electronics and five affiliates will invest $1bn in KKR-backed Helix Digital Infrastructure, joining founding investors that include the Kuwait Investment Authority, to build AI data centers plus power, cooling and connectivity. Debt Restructuring Watch: ACICO Group said it completed settlements with two local creditor banks, restructuring KD56.15m and bringing settlements to 80% of total, with remaining repayments scheduled from 2026–2031. Energy Route Risk for Kuwait: A report highlights how Strait of Hormuz disruptions leave Kuwait exposed, with no immediate bypass options and exports still far below pre-crisis levels. GCC Outlook: ICAEW and Oxford Economics forecast a sharp GCC contraction in 2026 (-6.4%) before a rebound in 2027, driven by oil export and shipping disruptions. Business Expansion in the Region: Amaani raised $5m Series A to expand AÏZA across Saudi Arabia, Kuwait and Qatar, while Arabian Drilling secured a $533m offshore contract via KJO. Local Policy/Compliance: Kuwait launched a wage protection system to safeguard private-sector salaries and strengthen compliance.
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