AGP Executive Report
Last update: 2 hours agoEnergy Security: Kuwait’s Cabinet condemned the attack on a Qatari LNG tanker, warning of risks to maritime safety and global energy supplies. Iran has also expanded its list of “non-compliant” ships, which includes Kuwait Oil Tanker Company vessels. Housing Investment: The Cabinet approved draft amendments to allow private developers to participate in building on state-owned land and enable some housing land to be transferred to other state entities. Infrastructure: Kuwait opened bids for three electricity-grid tenders covering 11 kV overhead lines in the north, south and central regions, aimed at improving network reliability and serving new consumers. Investment Climate: The Amir received KDIPA’s annual report for 2025-26 and praised the authority’s contribution to economic development. Labour Market: Kuwait has introduced a freelance visa category, priced at KD750 to KD1,000, to formalize independent work. Market Results: Boursa Kuwait reported KD20.83 million in net profit for the first nine months of 2026, while Gulf Bank posted KD41.9 million.
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