AGP Executive Report
Last update: 2 hours agoEconomic Policy: Sayyid Theyazin chaired a Council of Ministers committee meeting focused on fiscal sustainability, non-oil revenues and investment in pharmaceutical and medical-device industries. Oman also reported a third-quarter budget surplus, with revenue up 16%. Climate Diplomacy: Oman joined the World Leaders’ Climate Action Summit at COP31 in Türkiye, where its delegation is promoting climate commitments and investment. Water Governance: A new agreement will launch smart meters at about 1,000 licensed groundwater wells from 2027, creating a national platform to track consumption. Regional Security: Oman joined GCC plans for a joint military command centre in Kuwait as attacks on shipping continue around the Strait of Hormuz, including a reported tanker incident off Oman. Financial Regulation: Royal decrees have established the International Financial Centre of Oman’s operating, regulatory and courts laws, setting the legal basis for its activities.
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