AGP Executive Report
Last update: 9 hours agoRenewables Push: Oman plans to lift renewable electricity to 30% by 2030, 60–70% by 2040, and 90–100% by 2050, with major solar, wind and waste-to-energy expansion potentially reaching 10.6GW between 2027–2031. Sustainability Rules: Oman’s Financial Services Authority set a timeline making IFRS S1 and S2 mandatory for the non-banking sector from 1 Jan 2029, with Scope 3 emissions disclosures starting for reporting periods from 1 Jan 2030. Hormuz Tensions: A fresh wave of US-Iran pressure is spilling into Oman’s diplomacy, as reports say Washington warned Muscat it could face military action if it gets involved in any Strait of Hormuz control effort—while analysts stress risks remain even if Iran-Oman talks progress. Maritime Safety: Three ships were hit in the Strait of Hormuz, with casualties reported and oil prices jumping to a three-week high amid renewed shipping fears. Aviation Leadership: Oman Air named Nasser Al Sharji CEO (from 1 Sept 2026) and SalamAir appointed Yaqoob Al Kiyumi CEO (from 1 Oct 2026). Dhofar Khareef Enforcement: Environmental teams in Dhofar reported 238 violations reports, removed 3,914 vehicles from green areas, closed 250 locations, and addressed waste overflow during the season. Consumer Oversight: Oman’s CPA launched “Back to School 2026” inspections and awareness to curb violations and protect consumer rights during the shopping rush.
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