AGP Executive Report
Last update: 8 hours agoOil Markets: Kuwait’s crude price jumped $4.89 to $108.10 a barrel on Thursday as attacks and shipping risks across the region stoked supply fears. Growth Outlook: The World Bank has sharply cut Kuwait’s 2026 growth forecast, with the country’s outlook down 14.6% amid the Iran war’s economic fallout. Energy Transition: KPC’s new sustainability report outlines progress on environmental goals and a target of net-zero emissions by 2050, while reaffirming its role as a major global supplier. Financial Reform: Kuwait urged changes to global finance rules, greater representation for developing countries and more affordable climate funding, warning that debt and slower growth threaten development goals. Industry and Finance: Kuwait’s industry authority is pushing to improve local manufacturers’ competitiveness and expand Gulf market access; separately, KFH-Bahrain signed a deal with stc Bahrain to develop digital corporate banking and trade-finance services. Entrepreneurship: Kuwaiti founder Dana Al Khobaizi is building SOM Active around a market gap in activewear designed for fuller-busted and curvier body types.
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