AGP Executive Report
Last update: 10 hours agoMaritime Security: South Korea plans to extend its anti-piracy mission to waters south of Oman, adding a patrol aircraft and explosives-disposal team. The expansion needs parliamentary approval as attacks and mine threats continue to disrupt Hormuz shipping. Industrial Growth: SOHAR Freezone has been named the Middle East’s top industrial zone and ranked fourth globally. Oman’s economy grew 3.8% in the first half of 2026. Trade & Finance: Omani fintech mamun raised $3 million to expand Gulf–Asia trade financing. Oman and China also signed a five-year currency-swap deal worth RMB 30 billion and agreed to deepen cooperation on digital currency and payments. Energy Partnerships: OQRPI signed deals to supply 48 million litres of marine fuel a year to O Bunkering and sell its annual 450,000-tonne petroleum-coke output to Sanvira, supporting local businesses and supply chains. Oman–Korea Ties: A bilateral forum explored cooperation in hydrogen, clean energy, AI, advanced technology, manufacturing and food security.
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