AGP Executive Report
Last update: 11 hours agoKuwait Energy Deal: Brookfield, KKR and Blackstone agreed to buy a 49% stake in a Kuwait Petroleum Corporation pipeline joint venture in a roughly $16bn deal—the biggest foreign investment in Kuwait’s history and set to deliver about $8bn upfront to the state. Municipal Crackdown: Kuwait Municipality carried out inspections in Farwaniya, issuing 28 violations and seven warnings over licensing and advertising compliance, with more campaigns planned across governorates. Labor Oversight: The Public Authority for Manpower launched a new “Report” service on the Sahel app, letting residents flag violations in PAM’s jurisdiction with confidential whistleblower handling. Housing Digital Push: PAHW said it delivered more than 223,000 e-services in H1 2026 via Sahel, its website, video conferencing and chatbots, with 325,412 users. Finance & Banking: Zain Group reported a 73% jump in H1 2026 net profit to $717m, while NBK was named LinkedIn’s top employer in Kuwait and the banking sector for 2025. Food Prices Watch: Despite 826 tons of fish and shrimp entering Kuwait markets, prices stayed high, with officials pointing to limited local catches and fishing restrictions. Remittances: Overseas Pakistanis sent $3.63bn in July, up 4.5%, with Gulf countries still the main source.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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