AGP Executive Report
Last update: 8 hours agoEnergy Transition: Kuwait’s Supreme Energy Committee reviewed progress on the plan to transform the sector by 2035, stressing clear priorities and measurable targets. Business Expansion: SQUATWOLF has opened its second Kuwait store at Al Khiran Mall, while Jazeera Airways will launch twice-weekly winter flights to Krakow from December 16, adding a new tourism link. Banking: KFH reported KD 523.4 million in nine-month net profit, NBK KD 481.7 million and Boubyan Bank KD 80.7 million. France-Kuwait Ties: During Emmanuel Macron’s visit, Kuwait made commitments to supply diesel and kerosene to French overseas territories; Airbus also signed a letter of intent on Kuwait Airways fleet renewal, maintenance and training. Trade Links: Ooredoo’s connectivity arm agreed with Iraq’s iQ Networks to extend a fibre route towards Türkiye and Europe, while FedEx added road transport for eligible dangerous goods across Kuwait and four other GCC markets. Remittances: Expatriate transfers from Kuwait reached $2.97 billion in the first seven months, up 14.1% year on year.
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