AGP Executive Report
Last update: 8 hours agoMajor Projects Oversight: Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah chaired a ministerial follow-up meeting on major development projects, urging faster implementation and streamlined procedures in line with Amir’s directives. Digital Government & Property Records: PACI launched an electronic “Building Cancellation” service on the Sahel app, letting owners cancel building data and remove registered units without paperwork. Labour Reform: Kuwait introduced mandatory digital wage payments for private-sector workers via local banks to ensure timely, monitored salary transfers, including for foreign workers. Business & Company Law Changes: Cabinet approved amendments to the Companies Law to waive notarization for corporate actions, make Commercial Register entry sufficient against third parties, abolish unincorporated joint ventures, and allow single-person professional firms with a one-year adjustment grace period. Anti-Corruption Cooperation: Nazaha participated in a GCC anti-corruption committee meeting in Bahrain, backing steps on beneficial ownership transparency. Housing Policy: Acting Chief of Housing Welfare Eng. Rashed Al-Enezi highlighted Gulf integration and expertise exchange as key to developing housing systems. Municipality Enforcement: Kuwait Municipality’s “Build, Don’t Destroy” campaign issued warnings over construction and waste violations in Farwaniya. Economy & Markets: Kamco Invest reported GCC equities fell 3.5% in September amid regional war risks and oil-price pressure. Energy & Trade Links: PIC and AmCham Kuwait signed an MoU to expand petrochemical investment and cooperation with US partners. Regional Diplomacy: Kuwait and Qatar discussed bilateral cooperation, while Kuwait also marked continued ties with Armenia during its National Day reception.
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