AGP Executive Report
Last update: 11 hours agoKuwait–Pakistan Defence Ties: Kuwait ratified a five-year defence cooperation pact with Pakistan as Gulf states look for security alternatives amid the US-Iran standoff, with talks framed around deeper military coordination. Energy Infrastructure: Kuwait Oil Company/KPC signed a landmark $16bn pipeline leaseback deal with Blackstone, Brookfield and KKR, while L&T won a major EPC contract from Kuwait Oil Company to upgrade Jurassic Light Oil export facilities. Renewables & Real Estate: AEPCo and United Real Estate signed an EPC and O&M agreement for an 8.77MW solar system at Souk Sharq, pushing private-sector participation in Kuwait’s renewables push. Trade & Logistics Disruptions: Kuwait’s foreign ministry condemned drone attacks on Saudi oil facilities linked to Iran-affiliated militias; meanwhile, regional shipping remains jittery as Hormuz transit stays constrained. Local Market Pressure: Spare parts shortages are driving up repair costs and delays for Kuwait’s auto sector, with geopolitical shipping disruptions blamed. Food Subsidy Rules: Kuwait restricted subsidised food distribution to citizens, families and domestic workers and suspended rations for reselling. Aviation Disruptions: Etihad and Air Arabia cancelled select Kuwait-bound flights amid wider Gulf security advisories. Regional Finance Watch: Boursa Kuwait saw liquidity tighten and investors turn cautious as regional tensions escalated.
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