Oman-India CEPA Momentum: India’s CEPA with Oman kicked in on June 1, giving immediate duty-free access on 945 textile and apparel tariff lines and removing a 5% MFN duty for most exports, a boost expected to help Indian textile, apparel and handicrafts firms compete and expand into Oman and onward GCC/East Africa markets. Oman Logistics Push: Oman’s transport and logistics sector is in “transformation mode,” with road upgrades, logistics access roads and maintenance spending highlighted by the Ministry, while OCCI and the transport ministry ran a workshop focused on improving Oman’s competitiveness in global transport and logistics rankings. Capital Markets Signal: State Street and Jadwa plan to expand their offerings in Oman, adding to Muscat’s push to deepen capital markets via the Oman International Financial Centre. Banking Deal: Oman Arab Bank listed a $400m Additional Tier 1 bond on the London Stock Exchange, attracting over $1.1bn in orders. Energy Update: Masirah Oil said the start date for its three-well Block 50 Yumna development drilling program will be updated later, with timing changes amid ongoing offshore operations. Regional Trade Corridor Idea: Turkey renewed plans to modernise the Hejaz Railway and extend it toward Oman as an alternative route to reduce reliance on the Strait of Hormuz. Bilateral Cooperation: Oman and Belarus discussed expanding economic, trade and investment cooperation during a business forum visit.