AGP Executive Report
Last update: an hour agoTrade Finance: Muscat-based fintech mamun raised $3 million to expand Shariah-compliant financing for Gulf–Asia trade. Energy Investment: Engie reached financial close for Oman’s Barka 3 and Sohar 2 power plants, while a proposed OMR38.45 million partnership with Hoymiles would fund solar projects and an inverter factory. China Ties: Oman and China signed a $4.5 billion currency-swap agreement and 23 investment deals; Oman is also seeking a preferential trade and investment pact. Economic Outlook: Oman’s GDP grew 3.8% in the first half of 2026. Business Finance: Energy Oman opened subscriptions for a $130 million sukuk, with institutional bids due by November 12. Workforce: A new expatriate savings scheme will replace gratuity contributions from July 2027, while recruitment agencies face tighter rules from January. Tourism: Oman launched a Visa-backed campaign to attract high-spending visitors. Maritime Trade: Oman and Iran are discussing practical measures to protect navigation and keep energy and trade moving through the Strait of Hormuz.
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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