AGP Executive Report
Last update: 43 minutes agoKuwait FATF Readiness: The Prime Minister chaired a meeting on Kuwait’s observations and requirements under the Financial Action Task Force, focusing on anti-money laundering and counter-terrorist financing coordination across state bodies. Kuwait Housing & Subsidies: Kuwait’s commerce ministry amended rules for subsidized building materials, tying eligibility to Kuwait Credit Bank loans, limiting distribution to once, and setting tighter steps for demolition and rebuild permits. Kuwait Courts & Investment Edge: Kuwait is moving to strengthen its economic court framework to improve the investment climate, while broader judicial and nationality reforms were also approved by the Cabinet. Kuwait Energy Sector Links: Kuwait’s role in regional electricity interconnection remains in focus as Iraq and the World Bank discuss priorities for a new electricity-sector loan, including transmission bottleneck fixes and Gulf grid links. Regional Trade Shock (Hormuz): Escalating US-Iran tensions and shipping risks around the Strait of Hormuz are pushing tanker demand and costs higher, while the UAE suspended all trade with Iran after missile-related incidents. Business & Finance Moves: Lilly appointed Tayllit Aherdan as VP and GM for UAE, Kuwait and Qatar, and Kuwait’s banks and fintech ecosystem continue rolling out new digital services and programs.
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