AGP Executive Report
Last update: 8 hours agoKuwait’s FATF Readiness: The Prime Minister chaired a meeting on Kuwait’s observations and requirements under the Financial Action Task Force, focusing on anti-money laundering and counter-terrorist financing coordination across state bodies. Economic Courts Push: Kuwait’s Justice Minister backed a new law creating economic courts with special circuits across First Instance, Appeals and Cassation, aiming to speed case prep, expand e-litigation and improve enforcement of rulings. Energy Infrastructure Tendering: The Central Agency for Public Tenders approved five bids for underground cable works to extend and strengthen the grid in Amghara Industrial Area, supporting rising industrial electricity demand. Food Safety Crackdown: Kuwait’s food inspectors issued violations at Jleeb Al-Shuyoukh Market, destroyed 100kg of meat of unknown origin, and deported one individual. Building Materials Rules Updated: Kuwait amended distribution rules for subsidized building materials, tying eligibility to Kuwait Credit Bank loans and civil ID, and setting new procedures for demolition and rebuilds. National Guard Camp Expansion: National Guard undersecretary visited the extension of Sheikh Salem Camp to review readiness for relocation of units. Human Capital in Banking: NBK launched four new cohorts of its Middle Management Program, adding modules on digital leadership and AI applications. Regional Energy Shock—Hormuz: Multiple reports say the Strait of Hormuz remains volatile, with the US claiming an open corridor and Iran disputing control, while tanker shortages and insurance risks are driving record shipping costs—an issue directly tied to Kuwait’s export exposure. Diplomacy: South Korea’s foreign minister will meet Kuwait’s counterpart in Seoul next week to discuss cooperation including energy security. Business & Jobs: talabat renewed its sponsorship of CODED’s Academy X to support women’s empowerment in tech and entrepreneurship in Kuwait.
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