AGP Executive Report
Last update: 8 hours agoOman Policing: Royal Oman Police say 22 Asian nationals were arrested by the Coast Guard Police Unit in North Al Batinah for trying to enter illegally by fishing boat, with legal procedures underway. Residency Reform: Oman amended Foreigners Residence Law executive regulations to make it easier for foreign property owners and investors to get visas without a local sponsor, including “Owner Visa” changes and benefits for spouses and first-degree relatives. Fiscal Update: Oman reported public revenues of OMR 12.122bn in 2025, with expenditures at OMR 12.583bn and a deficit of OMR 461m—26% lower than budgeted—supported by higher oil and gas receipts. Trade & Taxes: Oman’s VAT generated RO 631m in 2025, while total tax and fee revenue hit RO 2.107bn; Q1 2026 trade surplus stood at OMR 1.54bn. Development Push: Development spending rose to RO 1.577bn in 2025 to speed project delivery; SEZAD flagged $1.39bn tourism and power projects, while Bukha Waterfront is about 95% complete. Strait of Hormuz Diplomacy: US and Iran talks in Switzerland produced a 60-day roadmap and a communication line for safe passage, but shipping remains uncertain as Iran’s control claims and US warnings continue to clash.
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