AGP Executive Report
Last update: 9 hours agoOman-India CEPA: India’s Comprehensive Economic Partnership Agreement with Oman kicks in from June 1, with duty-free access for most Indian exports and a focus on sectors like gems, jewellery, textiles, engineering and processed goods, while Oman’s location outside the Strait of Hormuz is being touted as a resilience boost for India’s trade and energy security. Oman finance: Dhofar Islamic (Bank Dhofar) issued OMR 5m sukuk via private placement under a new OMR 250m Sukuk Al Musharaka Programme, to be listed on the Muscat Stock Exchange, with further tranches possible. Renewables in Oman: O-Green achieved financial close for a 93MW solar project at Sohar Industrial City, targeting commercial operations in September and supplying clean power to 200+ industrial facilities. Energy cooperation: OQ Exploration and Production signed an MoU with Libya’s Investment Authority to explore joint oil, gas and renewables investment opportunities. Shipping risks in the Gulf: Iran-linked claims and UKMTO reports point to another incident involving the MSC Sariska V near Iraq, as Hormuz tensions keep disrupting regional logistics and markets. Corporate exports: Alara Resources dispatched multiple copper concentrate shipments from Sohar Port, supporting ongoing Oman mining exports.
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