AGP Executive Report
Last update: 6 hours agoGulf Economic Shock: A Reuters poll says most GCC economies will contract more sharply in 2026 as the Strait of Hormuz stays largely closed, with Kuwait and Qatar forecast to slump about 8.1% this year. Kuwait in the Crossfire: The US-Iran escalation is spilling into the region, with Iran firing missiles and drones at Kuwait and Bahrain after US strikes expanded, keeping oil prices elevated. Tech Market Pressure: Wall Street and global markets slid as chip and memory stocks took a hit, with investors worrying AI gains may not translate into sustainable profits. Cybersecurity Push in Kuwait: Rapid7 is partnering with Mindware to expand AI-powered cybersecurity services across the Middle East, including Kuwait, aiming to boost threat visibility and cyber resilience. Aviation Payments Upgrade: Kuwait Airways teamed up with Deema to offer fee-free four-installment ticket payments starting Aug 1, rolling out first via sales offices and call centre. Defense Tech Sales: The US State Department approved potential military sales to Saudi Arabia and Kuwait, including C-17 support equipment for Kuwait. Cyberwar Spotlight: A report says Iran exploited decades-old telecom signaling to help locate mobile phones, showing how older infrastructure can be weaponized in modern conflicts.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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