AGP Executive Report
Last update: an hour agoOil Markets: Brent fell below $90 a barrel after President Trump signaled restraint on Iran, easing supply fears; OPEC output rose in October, including Kuwait’s, though Strait of Hormuz shipping risks remain. Energy Earnings: Action Energy’s nine-month net profit climbed 62.9% to KD6.5 million, with revenue up 18.5%. A renewed Kuwait Oil Company contract secures rig deployment for five to six years and keeps fleet use at 100%; ADNOC Drilling also won Kuwait offshore rig contracts worth up to $313.6 million. Business Rules: New Kuwait regulations let eligible citizens run single-person freelance businesses without commercial premises, across fields including professional services, education, tourism and technology. Airline Results: Jazeera Airways’ third-quarter net profit dropped 47.4% to KD7.1 million as fuel costs surged and passenger numbers fell.
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