AGP Executive Report
Last update: 10 hours agoOman Residency Reform: Oman amended Foreigners Residence Executive Regulations to make it easier for foreign property owners and investors to get visas, including sponsor-free options for eligible land buyers and “Owner Visa” changes, with stays up to three months per visit and 6-12 month validity. Oman Fiscal Snapshot: Oman reported 2025 public revenues of OMR 12.122bn and a budget deficit of OMR 461m (26% lower than planned), supported by higher oil and gas receipts; non-oil revenues reached OMR 3.641bn. VAT and Tax Mix: VAT generated RO 631m in 2025, customs duties rose to RO 261m, and total tax and fee revenue hit RO 2.107bn, underscoring slow but steady non-oil build-up. Duqm Growth Push: SEZAD flagged about $1.39bn in tourism and power projects, including a $480m tourism development and an 890MW power plant worth $910m. Bukha Waterfront Nears Finish: Bukha Waterfront Development in Musandam is ~95% complete, with a promenade, retail kiosks, boat rental, sea-view dining and family facilities. Hormuz Shockwaves: Strait of Hormuz transit remains volatile amid US-Iran talks and competing claims of closure, with shipping insurers warning security is “hour to hour,” and oil flows/markets swinging on headlines.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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