AGP Executive Report
Last update: 5 minutes agoOman Advanced Air Mobility: Innovitech joins a consortium (GUAMobility) to lead Oman’s national advanced air mobility strategy, aiming to integrate drones and eVTOL aircraft for passenger, logistics, medevac, inspection and security uses. Social Protection for Workers: Oman’s sick and other leave insurance scheme starts July 19 under the Social Protection Law, with a 1% employer contribution to cover eligible leave allowances. Islamic Banking Deal: Bank Nizwa proposes buying Alizz Islamic Bank and merging it into its operations, with Ominvest set to take a strategic stake (up to 20%) if talks and approvals progress. Fertiliser Exports: OMIFCO confirms OQ Trading has signed a back-to-back agreement with India’s government to supply urea under a long-term offtake, running to Feb 2031. Corruption Oversight: Oman highlights its implementation of the Arab Convention Against Corruption during a visit by Bahrain, Morocco and the Arab League. Regional Shock to Shipping: Renewed US-Iran strikes keep Strait of Hormuz traffic risky; India orders shipowners to avoid deploying Indian seafarers on Hormuz routes, while some firms shun US-guided transits near Oman. Gulf Growth Risks: A Reuters survey flags sharper 2026 slowdown across most Gulf economies, with Oman among the few expected to grow despite disruption.
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