AGP Executive Report
Last update: 2 hours agoEnergy Markets: Brent climbed about 1.4% to $115.43 a barrel after Yemen’s Houthis claimed a missile strike on Saudi Arabia’s Ras Tanura refinery; Riyadh had not confirmed the attack. Gulf equities were mixed as investors weighed supply risks. Investment: Kuwait expects $16 billion in investment inflows this year. The Crown Prince and Prime Minister met BlackRock and KKR executives to discuss investment cooperation, while the Prime Minister also reviewed plans to make better use of state land in Jleeb Al-Shuyoukh. Banking: Burgan Bank reported continued income and balance-sheet growth for the first nine months, and completed a KD50 million rights issue with 134% subscription coverage. NBK won three MEIRA investor-relations awards. Business Regulation: Kuwait is introducing electronic tracking of salary payments from banks to workers, amid reports that thousands of companies have been flagged for unpaid wages. Digital Services: The Social Affairs Ministry’s 2035 strategy includes digitizing services and shifting welfare toward training and employment.
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