AGP Executive Report
Last update: 8 hours agoEnergy Cooperation: Kuwait and Saudi Arabia signed an MoU covering grid links, electricity exports, renewables, storage and smart grids, with plans to deepen cooperation between energy companies. Market Risks: Fresh oil gains reflect mounting supply concerns as tensions around the Strait of Hormuz disrupt energy flows, keeping volatility in focus for Kuwait’s oil-dependent economy. Boursa Kuwait: Government spending and infrastructure contracts are supporting a market recovery, while the Central Bank’s 3.5% discount rate is helping sustain financial stability, analysts say. Housing Finance: New rules cap home-loan repayments at 25 years and allow eligible buyers to combine supported and conventional financing. Defence Procurement: Kuwait’s £370 million air-defence contract with UK firm MARSS covers an integrated system for countering aerial threats. Global Finance: Kuwait’s delegation, led by Finance Minister Yaqoub Al-Rifai, is at the IMF and World Bank meetings in Bangkok, where discussions include slowing growth, debt and energy-price volatility.
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