AGP Executive Report
Last update: 8 hours agoHousing Finance: Kuwait has enacted Decree-Law No. 114/2026, allowing eligible citizens to seek home financing from local banks and licensed finance firms. Loans are limited to buying approved housing units or building on government-allocated plots; regulations are due within six months of publication. Pension Fund Recovery: A London court found Man Group subsidiaries liable in a bribery case tied to Kuwait’s Public Institution for Social Security and ruled the fund can recover about $155 million, subject to adjustments and a further hearing. Man Group says it disagrees and is considering its options. Digital Payroll: The Central Bank’s new wage-transfer platform is bringing private-sector salary payments into a monitored national system, with the Public Authority for Manpower overseeing employer compliance. Oil Markets: Crude has swung sharply as traders reassess the Iran war risk, while OPEC+ keeps December output targets unchanged. Regional Finance: China and Kuwait have assured Pakistan of loan rollovers totaling $4.3 billion, including $300 million from Kuwait.
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