AGP Executive Report
Last update: 2 hours agoBanking & Savings: Oman’s private deposits at commercial banks jumped 12.45% to over OMR19.36bn by end-June 2026, with term, savings and demand deposits all rising, according to the Central Bank of Oman. Markets: The Muscat Stock Exchange edged up for the week as the MSX 30 closed at 7,532 points (+0.13%), while the financial sector index gained 1.02% on strength in major banks. Corporate Earnings: MSX-listed public shareholding companies lifted net profits 26% to about OMR1.2bn in H1 2026, supported by cost control, efficiency gains and improved activity. Industrial Development: Nizwa Industrial City localised 20 projects worth over OMR12mn in the first half of 2026, with cumulative investments topping OMR560mn and thousands employed. Oman–Saudi Trade Push: Oman and Saudi Arabia will meet in Salalah next Wednesday to review progress on joint economic initiatives and speed up trade, investment and industrial integration. Dhofar Investment Pipeline: Oman unveiled five investment opportunities in Dhofar via “Invest in Oman” worth about OMR1.95bn, led by Future Salalah City (about OMR1.9bn). Oil & Gas Safety: Oman’s energy ministry is strengthening health, safety and environmental standards across the oil and gas sector, reporting lower lost-time and serious traffic accidents in 2025. Cybersecurity: Oman launched a National Cyber Security Strategy 2026–2030 to boost cyber resilience, governance and capacity building. Shipping & Energy Risk: Strait of Hormuz tanker traffic rose more than 30% week-on-week, but remains far below pre-war levels as Iran and Oman discuss a temporary corridor while global crude prices stay sensitive to Hormuz headlines.
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