AGP Executive Report
Last update: 8 hours agoCounterfeit Crackdown: Kuwait Customs seized 568 fake shoes and jackets in an air shipment from China after documents declared furniture and chairs; the goods were found to breach IP and anti-counterfeit rules, with legal procedures taken and more inspections promised. Food Safety Enforcement: The General Authority for Food and Nutrition destroyed 40.660kg of expired and adulterated food in Al-Ardiya, citing violations including unknown-origin items and worker health certificate breaches. Kuwait Housing Finance: Kuwait’s Cabinet approved a draft decree-law for mortgage financing for housing-welfare beneficiaries, aiming to sustain adequate housing provision and support the housing framework. Aviation Fuel Expansion: KAFCO expanded regionally after winning an AACO tender, starting fueling services for Kuwait Airways at Colombo, Salalah and Najaf, while also securing a three-year Amiri Diwan fuel contract. KPC/KIPIC Performance: KIPIC reported net profit of KD 239.152m for 2025/26, highlighting higher refining rates at Zour and improved export of low-sulfur jet fuel and ULSD. UNGA Diplomacy & Energy Risk: Amid US-Iran tensions, Trump said US and Iranian officials met for about three hours; Iran reiterated conditions tied to lifting pressure and reopening the Strait of Hormuz, while Gulf leaders pushed de-escalation as shipping and energy routes remain under strain. Regional Security Focus: Kuwait’s Crown Prince met Pakistan’s PM in New York and agreed to deepen cooperation, including a formal strategic dialogue on foreign-minister level. Children & AI Safeguards: Kuwait’s representative attended a UN event on protecting children’s rights in the AI age, backing a roadmap for safer digital environments.
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