AGP Executive Report
Last update: 9 hours agoInvestment: Oman-based Phaze Ventures launched two AI and deep-tech funds targeting more than $75 million, with over $40 million committed so far. One fund is dedicated to Omani businesses. Energy: PDO brought more than 250 industry leaders together to strengthen local supply chains and resilience. Oil climbed above $115 a barrel after a reported attack on a Saudi refinery; OPEC+ is expected to keep December quotas unchanged, including Oman’s. Mining: Oman is promoting three new mining concession areas and plans to seek partners at IMARC 2026. Infrastructure: Nama plans to invest RO600 million in electricity networks by 2029. Oman has also removed 5% retention from government contracts to ease pressure on contractors, while tightening measures against project delays. Trade: Oman and Pakistan agreed to advance cooperation in trade, investment and energy.
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