AGP Executive Report
Last update: 8 hours agoDiplomacy: Sultan Haitham begins a state visit to the UK on October 19, with both sides looking to deepen cooperation. Oman’s foreign minister also discussed regional developments with his UAE counterpart, while reports say indirect US-Iran talks are continuing through Oman and Qatar amid Strait of Hormuz tensions. Government: A royal decree restores Omani citizenship to 11 people; the circumstances were not disclosed. Economy: Oman has launched a OMR100 million sovereign sukuk issue, offering a 4.85% annual profit rate over seven years. The government is also preparing to extend its Local Content Certificate to entities covered by the Tenders Law in 2027, aiming to boost domestic procurement and jobs. Investment: New rules allow strategic projects in special and free zones to seek tax incentives, with qualifying investments generally starting at RO10 million.
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