AGP Executive Report
Last update: 8 hours agoSovereign Finance: Oman has launched a OMR100 million, seven-year sovereign sukuk paying 4.85% annually; subscriptions open Monday and close on 25 October. Economic Growth: Private-sector business value added climbed 31.2% year on year to RO10.66 billion in Q2, while GDP rose 25.6% to RO12.87 billion. Active enterprise numbers fell 4.6%, though employment increased 1.4%. Investment Incentives: New rules offer tax exemptions to strategic projects in special and free zones, generally requiring at least RO10 million in investment, with waivers possible. Local Industry: Oman plans to extend its Local Content Certificate to government entities in 2027, alongside new manufacturing opportunities in areas such as desalination membranes and electrical equipment. Ports and Markets: Salalah Port’s current operator will lose its concession after November 2028, raising questions over about $200 million in leased equipment. Listed manufacturers’ nine-month profits improved, led by chemicals and fertilisers, but gains were concentrated among a few companies.
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.
Perspectify News
