AGP Executive Report
Last update: 10 hours agoVAT & Cost of Living: Oman’s Tax Authority issued three decisions for a 0% VAT rate from 1 Oct 2026, covering basic food commodities, human medicines and medical equipment, plus veterinary medicines and equipment—aimed at easing living costs and supporting health, agriculture and animal wealth. Hormuz Navigation & Trade: At UNGA, Oman reaffirmed its commitment to safeguard Strait of Hormuz navigation and urged Iran and the US to resolve disputes through a lasting political settlement, warning disruptions are hitting energy security, prices and confidence. US-Iran Deadlock: Trump rejected Iran’s proposal to reopen Hormuz within seven days, saying Tehran is “losing so badly,” while Iran’s foreign minister insisted diplomacy is the only way and said negotiators are waiting for an official US response. Maritime Safety Push: India and Liberia launched a 25-member “Group of Friends” to improve safety and security for commercial shipping and seafarers after attacks across key routes, including Hormuz. Oman Hospitality Pipeline: Oman plans to deliver 700 new hotel rooms by year-end, lifting inventory to 40,800 keys, with Khareef and winter seasons expected to support H2 demand. Fisheries Snapshot: Oman recorded 14,000+ tons of squid landings in 2025, with exports worth about RO 4.47m and Vietnam the top destination.
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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