AGP Executive Report
Last update: 6 hours agoOman–UK ties: During Sultan Haitham’s state visit, UK Prime Minister Andy Burnham praised Oman’s mediation efforts and its work to reopen the Strait of Hormuz. Shipping and energy: Oman’s ports handled 146 million tonnes of cargo in the first eight months of the year. A ship struck by a projectile near Bukha caught fire, but its crew were safe. Middle East oil exports have climbed above pre-war levels, yet shipping costs to Asia have topped $37 a barrel, adding pressure to trade. Renewables: IDOM will deliver detailed design for Oman’s 500MW Al Kamil I solar project, supporting the country’s push to expand clean power. Industry and food: Oman showcased its food manufacturing capabilities at SIAL Paris, while a new pilot will test biodiesel use in the construction sector. A Sultan Qaboos University economist said food accounts for about half of Oman’s inflation.
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