AGP Executive Report
Last update: 8 hours agoOman Inflation Watch: Oman’s average inflation stayed contained at about 2.9% from January to August 2026, below the IMF’s global 4.7% projection, as the Ministry of Economy said it is closely monitoring prices, markets and supply chains amid geopolitical-driven cost pressures. Energy & Industry: Duqm Refinery hit roughly 255,000 bpd (about 110% of design capacity) and reported $7bn revenues in 2025, reinforcing its role as a strategic Oman-Kuwait partnership. Capital Markets: The Muscat Stock Exchange edged down, with MSX 30 down 0.65%, while industrial shares showed resilience as investors looked ahead to Q3 results; S&P also reaffirmed Oman’s BBB- rating with a stable outlook. Banking Credit Growth: Credit extended by banks in Oman rose 12.7%, with private-sector credit up to OMR23.8bn by end-July 2026, alongside deposit growth to OMR29.3bn. Diplomacy & Trade Routes: Oman’s FM met Iran’s counterpart at UNGA in New York, focusing on repairing regional ties and ensuring safe navigation and freedom of passage through the Strait of Hormuz, as Iran and the US trade competing proposals. Renewables Push: Oman won the bid to host the 23rd World Wind Energy Congress (2027), signaling momentum for wind power and investment under Oman Vision 2040.
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