AGP Executive Report
Last update: 8 hours agoOman Capital Markets: Bank Nizwa has joined the Oman India Fertiliser Company (Omifco) IPO as a collecting bank, supporting Sharia-compliant subscriptions for corporate and retail investors on the Muscat Stock Exchange. Omifco is offering 25% of its share capital via 1.67 billion shares, with 40% allocated to retail and 60% to institutions. Duqm Investment Push: OPAZ unveiled the Duqm Waterfront Tourism Development master plan to attract private capital into SEZAD, targeting a 31 sq km waterfront with a 15 km coastline and aiming for 2,600+ hotel units and 3,700+ residential units by 2040. Trade & Digital Services: Oman’s trade surplus rose to OMR1.54bn in Q1 2026 as imports fell faster than exports, while the Oman Business Platform expanded digital services and self-service options for commercial transactions. Energy & Shipping Watch: With the Strait of Hormuz reopening after the US-Iran MoU, maritime traffic is resuming near Oman, but mine clearance and possible future “insurance fees” keep shipping costs and planning uncertain. Oman Industry Outlook: Oman’s salt sector is targeting major expansion with over $1bn in new marine salt concessions in Al Wusta and downstream manufacturing plans. Green Hydrogen Deal: ACME Group plans about $4.2bn to expand its green hydrogen and green ammonia project in Duqm under agreements with Hydrom and OPAZ.
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