AGP Executive Report
Last update: 7 hours agoPentagon Watchdog Update: The US Defense Department’s inspector general says Operation Epic Fury cost about $33.4bn (Feb 28–Jun 30), with $22.3bn on munitions, and warns of ammunition shortfalls plus “industrial base bottlenecks” slowing resupply. It also cites major losses including F-15s, MQ-9 Reapers and damage to bases and diplomatic facilities across the Gulf. Kuwait Labour Snapshot: Kuwait’s workforce still leans heavily on expats, with about 2.8m foreign nationals in the labour force and 901,819 people (nearly 17%) outside the labour market, including large student numbers. MEBIS Banking Tech: Dubai hosts the 17th Middle East Banking Innovation Summit starting tomorrow, bringing 400+ banking leaders to focus on AI rollout, digital banking, payments, cybersecurity and data strategy. Hormuz Shipping Uncertainty: Iran and Oman say they’ve agreed on vessel entry/exit routes, but the wider Strait of Hormuz reopening remains unclear as talks with Gulf states get deferred. Kuwait-India Ties: A renewed strategic partnership with India is highlighted ahead of the 65th anniversary of diplomatic relations, spanning defence, trade, investment, tech and people-to-people links.
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