AGP Executive Report
Last update: 9 hours agoTrade Finance: Muscat-based mamun raised US$3 million from Phaze Ventures and Jasoor Ventures to expand Sharia-compliant financing for trade between the Gulf and Asia, targeting funding gaps faced by small exporters. Maritime Security: A tanker was hit by two projectiles off Oman, with no casualties or environmental damage reported. The attack adds to risks for commercial shipping near the Strait of Hormuz. China Ties: Oman and China signed a five-year currency-swap deal worth 30 billion yuan, alongside cooperation on digital payments. The wider visit also produced investment and cooperation agreements, including a deal for 1 gigawatt of battery storage projects. Economic Growth: Oman’s trade surplus reached RO6.5 billion by the end of August, while Invest Oman attracted RO3.09 billion in localised projects. SME Support: A new Riyada centre in Ibra will provide services and marketing space for small businesses, start-ups and craftspeople.
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