AGP Executive Report
Last update: 9 hours agoRegional Security: Kuwait condemned Iranian attacks at the UN, warning that disruption to shipping through the Strait of Hormuz threatens development, and denounced Houthi strikes on Saudi airports. Kuwait and Iraq also called for de-escalation. Defence: Kuwait agreed to buy a £370 million UK-built air-defence system designed to counter drone threats nationwide, including along the coast. Financial Oversight: The Commerce Ministry fined businesses KD 155,000 for failing to report suspicious transactions under anti-money-laundering rules. Economic Outlook: The IMF forecasts Kuwait’s economy will contract by 16.7% in 2026, citing war-related disruption to energy production and shipping.
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