AGP Executive Report
Last update: 8 hours agoRegional Diplomacy: Oman’s Foreign Minister Badr Al Busaidi renewed calls for a Gulf-wide non-aggression pact, arguing that a security framework excluding Iran would be unstable. Investment: Oman’s Madayn signed 28 agreements worth more than RO304 million ($790 million) for projects and expansions across its economic zones and industrial cities. The Oman Investment Authority will also join China, Turkey, Uzbekistan and the Eurasian Development Bank in a new fund for businesses in Central Asia and the Caucasus; its size and launch date have not been announced. Travel: The EU has postponed any immediate Schengen visa exemption for Omanis and citizens of four other Gulf states, saying technical, security and legal requirements must first be met. Maritime Security: A US warning urges ships to avoid unnecessary Hormuz transits amid regional tensions. Oman’s maritime concerns also include the Caroline Bezengi tanker, where satellite imagery suggests oil leakage off the coast has stopped. Football: Al Nahda lost 4-1 to Qatar’s Al Rayyan in Muscat, leaving the Omani club bottom of its AFC Champions League Two group.
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