AGP Executive Report
Last update: 2 hours agoChina Ties: Oman and China signed a currency-swap deal worth up to 30 billion yuan (OMR1.5 billion), alongside 14 memoranda and a cooperation protocol, as Muscat seeks a preferential trade and investment pact with Beijing. Trade: Oman’s merchandise surplus widened to OMR6.5 billion through August, up from OMR3.9 billion a year earlier; exports grew 19.7%, led by oil and gas. Capital Markets: The Financial Services Authority is working to ease foreign access to the Muscat Stock Exchange and attract more institutional investors. Infrastructure: The Oman-GCC power link is 35% complete, with investment above OMR268.9 million and service targeted by end-2027. Nama also signed a deal with China’s State Grid for 1GW of battery storage projects. Digital Economy: Partners are exploring renewable power for a proposed $3 billion Salalah AI data park. Shipping Risks: An attack on a cargo vessel near Oman killed one Indian sailor and left 13 crew members rescued, underscoring growing risks to regional trade routes.
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
