AGP Executive Report
Last update: 8 hours agoEnergy Services: Kuwait’s Action Energy reported a 62.9% rise in nine-month net profit to KD6.5 million, with higher drilling revenue and oilfield services growth. Its rigs are fully utilised under a renewed Kuwait Oil Company contract securing work for five to six years. Business Rules: New Commerce Ministry decisions let eligible Kuwaiti freelancers run single-person businesses without commercial premises, across services, technology, construction-related work and other sectors. Oil Market: Brent fell below $90 a barrel as hopes of renewed strikes on Iran faded; OPEC output rose in October, led in part by Kuwait. Aviation: Jazeera Airways’ third-quarter profit dropped 47.4% to KD7.1 million, pressured by higher fuel costs, fewer passengers and reduced capacity. Regional Infrastructure: GCC states signed a framework for a railway linking all six members, with the 2,100km network targeted to begin operations in December 2030.
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