AGP Executive Report
Last update: 9 hours agoKuwait Energy & Markets: Oil prices stayed near $94/bbl Brent as the US-Iran standoff and expired truce kept supply risk elevated, with Kuwait named among key producers facing curtailment concerns. Kuwait Business & Industry: Kuwait’s Municipality is set to align business classifications with international ISIC Rev.4 codes, backed by a “License Your Business” awareness push to help investors pick the right activity and improve compliance. Utilities & Smart Energy: Kuwait’s Electricity, Water and Renewable Energy ministry is backing AI for smart-meter efficiency, aiming to use consumption-pattern analytics to boost conservation and energy efficiency. Oil & Gas Operations: KNPC’s LPG bottling-plant merger under its umbrella is credited with higher output and sales, with cooking gas cylinder production and domestic sales rising across Shuaiba and Umm Al-Aish. Water Tech & Research: KISR researchers will showcase a wastewater-reuse wetland system for reverse-osmosis effluent at an international invention exhibition in Guangzhou. Public Health Regulation: Kuwait introduced tighter rules on psychotherapy, banning energy/spiritual healing and other non-scientific practices, while requiring in-person training and accredited qualifications. Infrastructure Progress: Yarmouk infrastructure works reached 92% completion, with sewage and stormwater drainage fully done and telecom and lighting networks near completion. Regional Trade & Security: US President Trump again claimed the US is “essentially controlling” strategic straits tied to Iran, while markets watch the knock-on effects for shipping and energy costs. Corporate Results: UK-listed Hunting trimmed FY EBITDA guidance after delays tied to Kuwait Oil Company’s OCTG tender, citing softer activity even as subsea and perforating systems held up.
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