AGP Executive Report
Last update: 9 hours agoGreen Hydrogen & Logistics: OQ Alternative Energy and Asyad Group signed an MoU to study using green hydrogen from Duqm in Oman’s transport and logistics, pushing practical adoption of hydrogen value chains. Hydrogen Policy Push: Oman joined the International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE), aiming to align standards and accelerate green hydrogen development under Vision 2040. Industrial Zones & Investment: Al Mazunah Free Zone localised four projects worth over OMR620,000 in H1 2026, lifting cumulative investment to more than OMR141m and preparing for an Oct 20–22 economic exhibition with Yemen-focused trade ties. Cement Turnaround: Raysut Cement Group reported H1 net profit after tax of OMR2.71m, reversing last year’s loss, supported by higher volumes and better subsidiary performance. Markets & Finance: Muscat Stock Exchange market cap rose to OMR38.9bn (+OMR600m weekly), with MSX 30 up 1.27% as trading value jumped and fundamentals stayed resilient. Investment Showcase Abroad: Oman will bring “Live Oman” to London (Sept 21) to market urban projects, free zones and real estate opportunities to UK investors. Shipping Security & Hormuz: US escorts and mine-clearance efforts keep more oil and gas moving near Hormuz, though traffic remains below averages amid ongoing US-Iran tensions. Health Milestone: Oman completed its fourth heart transplant, saving four lives from one brain-dead donor. Defense Cooperation: US approved possible F-16 sustainment services for Oman (about $188m), reinforcing interoperability and future training.
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