AGP Executive Report
Last update: 7 hours agoBanking & Markets: Boursa Kuwait liquidity rose 14.9% in June to about KWD 2.131bn, while average daily trading value fell to around KWD 84.7m. Wealth Management: NBK Wealth was named Kuwait’s “Best for Next-Gen 2026” by Euromoney, highlighting its “Generation W” programme for younger clients. Retail Banking Promotions: Burgan Bank crowned a KD 500,000 winner in its Kanz semi-annual draw and named 20 monthly winners of KD 2,000 each. Oil & Energy Tech: SLB will build a new technology facility in Kuwait under KOC’s Ahmadi Innovation Valley, with construction starting in 2026 and opening planned for 2028. Legal & Business Climate: Kuwait amended its Bankruptcy Law to speed up proceedings and reshape bankruptcy court structures. Transport & Compliance: New Interior Ministry rules tighten oversight of vehicle and motorbike rentals, requiring bilingual contracts, detailed records, and internal cameras for rentals with drivers. Housing Pressure: A finance expert warned that long waits for government housing and plot scarcity are pushing prices higher. Diplomacy: India’s EAM S. Jaishankar begins a Gulf tour including Kuwait, ahead of UN Security Council campaign steps and India-EU talks. Security: Kuwait denounced repeated Iranian attacks in its territory and airspace, calling for UN action to stop them. Infrastructure Works: Public Works and Housing will carry out maintenance on Russeifa Bridge expansion joints with partial lane diversions to keep traffic moving.
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.