AGP Executive Report
Last update: 6 hours agoTelecoms: Ooredoo’s nine-month revenue rose 4.3% to QAR 19 billion as it expanded data centres, fibre and AI computing. Its tower partnership with Zain includes about 4,000 sites in Kuwait and Qatar. Water Infrastructure: Work has begun on the $3.3 billion North Kabd wastewater plant, a Kuwait-China project aimed at boosting water reuse. Energy: Kuwait plans to relaunch a $2.5 billion oil project and has set a new deadline for bids on an oil manifold project. Brent climbed above $115 a barrel amid regional supply concerns. Construction: Kuwait-based Specialities Construction won a $78 million contract for Al Mutlaa City. Shipping: Maersk plans a $2,000-per-container emergency surcharge on qualifying contract cargo to Kuwait and four other Gulf destinations, starting November 9 for most origins. Tax: The Cabinet approved GCC excise taxes that will double prices of tobacco products and energy drinks and raise prices of carbonated drinks by 50%, subject to formal approval and publication.
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