AGP Executive Report
Last update: 10 hours agoOman–Energy Deal: Oman’s Nama Power and Water Procurement (PWP) signed a power purchase agreement for the 500MW Al Kamil I solar PV IPP with EDF Power Solutions, ONEIC and OQ Alternative Energy, with investment expected to top $100m and operations targeted for 2027. Digital Finance Security: Omantel’s OMPAY achieved ISO/IEC 27001:2022 certification for its consumer wallet and OMPAY Business payment solutions, underlining Oman’s push to strengthen fintech cybersecurity. Strait of Hormuz Fees Debate: As US–Iran talks in Doha stay technical and direct meetings are ruled out, Oman reiterated it opposes transit fees for ships in the Strait of Hormuz while supporting voluntary maritime/environmental service charges; Iran and Oman are still moving toward a fee framework despite US objections. Regional Sanctions: The GCC’s Terrorist Financing Targeting Center (TFTC), with the US, designated multiple Hezbollah financial entities and senior figures, aiming to disrupt funding channels. Markets Pulse: Gulf stocks ended mixed amid uncertainty over Doha diplomacy, while oil prices slid on hopes for talks but remained sensitive to shipping and supply risks.
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