AGP Executive Report
Last update: 10 hours agoOman-Iran Talks: Iran’s and Oman’s foreign ministers held a call to review conditions for restarting negotiations and maritime navigation arrangements for the Strait of Hormuz, with no specific timetable announced. MSX Market Pulse: Muscat Stock Exchange trading value rose to OMR252.1mn (+2.4% week-on-week), helped by investors positioning ahead of expected dividends; the main index closed at 7,522. SME Push in Dhofar: OCCI’s “Empowerment and Excellence” exhibition opened in Salalah with 50+ SMEs, running until Aug 30, spotlighting local products and entrepreneurship. Tax Rules Update: Oman’s Personal Income Tax Law (Royal Decree 56/2025) sets a 1 Jan 2028 start, with tax residency defined as over 183 days and a 5% rate on taxable income. Corporate Tech Deal: Omantel’s Otech signed an agreement with Remedy to deploy an AI-enabled corporate platform for strategic planning and performance management. Trade Finance: Credit Oman reported approved credit ceilings for domestic sales and exports at OMR226.6mn by end-H1, alongside insured sales declines. Energy & Power: Doosan Enerbility won a reported $670m CCGT power plant contract in Misfah, targeting April 2029 completion.
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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