Author: admin

The text of article 1 of the aforementioned Royal Decree 31/2012 is hereby replaced with the following text: “A centre named the ‘National Centre for Statistics and Information’ is hereby established subordinate to the Council of Ministers.”

Article II

The phrase “Minister of Economy” is hereby replaced with the phrase “Council of Ministers” wherever it occurs in the aforementioned System of the National Centre for Statistics and Information.

Article III

All that is contrary to this decree, or in conflict with its provisions, is hereby repealed.

Article IV

This decree must be published in the Official Gazette, and comes into force on the date of its issuance. Issued on: 15 Ramadan 1443 Corresponding to: 17 April 2022

Haitham bin Tarik Sultan of Oman

Published in Official Gazette 1439 issued on 24 April 2022.

Royal Decree

Royal Decree 14/2022 Amending Some Provisions of the System of the Administrative Apparatus of the State

Post author By admin
Post date April 17, 2022

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

and the System of the Administrative Apparatus of the State promulgated by Royal Decree 75/2020,

and in pursuance of public interest,

have decreed as follows

Article I

The attached amendments to the aforementioned System of the Administrative Apparatus of the State shall be implemented.

Article II

All that is contrary to the attached amendments, or in conflict with their provisions, is hereby repealed.

Article III

This decree must be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 15 Ramadan 1443Corresponding to: 17 April 2022

Haitham bin TarikSultan of Oman

Published in Official Gazette 1439 issued on 24 April 2022.

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Tags Members Only

Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 386/2022 regarding the Provision of the Electronic Payment Service to Consumers

Post author By admin
Post date April 14, 2022

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Tags Members Only, Ministry of Commerce‚ Industry‚ and Investment Promotion

Ministerial Decision

Capital Market Authority: Decision 75/2022 Issuing the Regulation Governing Clearing and Settlement

Post author By admin
Post date April 12, 2022

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Tags Capital Market Authority

Consolidated Regulation

The Regulation Governing Clearing and Settlement (Consolidated)

Post author By admin
Post date April 12, 2022

ISSUED BY	CONSOLIDATED UP TO
CMA Decision 75/2022	FSA Decision 127/2024

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Tags Capital Market Authority, Members Only

Intel

Case Summary: Supreme Court (Civil Circuit A) Contestation 370/2021 (Invalidity of Fixed-Profit Agreement Between Individuals)

Post author By admin
Post date April 11, 2022

The Supreme Court held that an agreement between two natural persons where one individual guarantees fixed profits to another constitutes usury (riba) and that such agreement is void for violating public order.

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