AGP Executive Report
Last update: 8 hours agoIndia-Oman CEPA in force: The India-Oman Comprehensive Economic Partnership Agreement kicks in today, giving Indian exporters duty-free access across 98.08% of Oman’s tariff lines (99.38% of export value) and aiming to lift India’s goods exports by nearly 50% in three years, with immediate benefits for sectors like engineering, pharma, agriculture/processed foods, marine products, textiles, chemicals, electronics, plastics, and gems & jewellery. Strait of Hormuz tensions: Iran says its new maritime traffic rules govern the Strait and rejects foreign interference, while Oman warns of suspected floating mines near Hormuz and urges vessels to keep distance and report suspicious objects. Oman market move: The Muscat Stock Exchange extends trading hours to boost liquidity, price discovery, and investor appeal. Heat alert: Oman’s heatwave intensifies, with Barka hitting 49.1°C and several wilayats near or above 48°C. Oman investment push: Oman Investment Authority expands its global portfolio across private equity, venture capital, healthcare, logistics, infrastructure and advanced technology. Renewables: O-Green plans a 58 MW wind pilot project in Duqm to support industrial decarbonisation.
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