AGP Executive Report
Last update: 7 hours agoOilfield Services: Action Energy reported Q3 profit of KD2.1 million, up 20.3% year on year, and nine-month profit growth of 62.9%. A new KOC contract secures full rig-fleet use for five to six years as the company mobilizes seven additional rigs. Offshore Drilling: ADNOC Drilling won two Kuwait Oil Company contracts worth up to $314 million to operate jack-up rigs, with work expected to begin in late 2027. Industrial Recycling: Equate and Metal and Recycling Company will collect and recycle plastic waste from Equate’s facilities, using 20 dedicated containers to return materials to the value chain. Business Climate: Kuwait’s new rules let freelance businesses operate without traditional commercial premises, lowering a barrier for small enterprises. Regional Infrastructure: GCC states signed an agreement to advance a six-country railway network, a long-term boost for regional transport and logistics links.
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