AGP Executive Report
Last update: 8 hours agoDigital Services: Kuwait’s Civil Information Department launched a Sahel Business service letting organizations update their contact and platform details on Kuwait Finder. Economic Outlook: The IMF forecasts Kuwait’s economy will contract 16.7% in 2026, as Hormuz disruptions curb production and exports; higher energy prices offer little protection when shipments cannot reach buyers. Supply Chains: The prime minister reviewed plans to secure essential goods and energy and diversify transport and export routes. Finance Minister Yaqoub Al-Refai cited strong reserves and prudent policies as buffers, while reaffirming reforms to attract investment and diversify the economy. Regional Investment: Kuwait and Oman identified opportunities in logistics, energy, industry and digital services; Kuwaiti investment in Oman reached about $3.76 billion in the first quarter. Development Finance: Kuwait Fund-backed solar power opened in Türkiye, part of a $10 million grant supporting four projects. Labor Rules: Kuwait set a KD75 monthly minimum wage for workers covered by the Labour Law and requires wages to be paid into bank accounts in Kuwaiti dinars.
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