AGP Executive Report
Last update: 10 hours agoHormuz Risk: Iran said it struck navigation and communications equipment on Oman’s Didamar Island, while fresh tanker attacks lifted oil prices and kept shipping risks high. Disruption threatens trade and logistics across the region. Public Finances: Oman’s public debt fell by more than RO600 million, and the budget recorded a RO107 million third-quarter surplus as revenues rose 16% to RO9.82 billion. Investment and Finance: Oman is looking to markets to fund local growth, while the International Financial Centre of Oman has established foundations for its regulatory framework. The Central Bank also raised RO46 million through treasury bills. Logistics and Industry: Oman’s logistics sector is growing, and Oman Air and GMF AeroAsia have launched the country’s first aircraft maintenance facility at Muscat International Airport. A separate RO51 million agreement will establish a shrimp-farming project in Al Wusta.
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