Author: admin

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

and the Cartagena Protocol on Biosafety to the Convention on Biological Diversity,

and in pursuance of public interest,

have decreed as follows

Article I

The mentioned Cartagena Protocol on Biosafety to the Convention on Biological Diversity is hereby ratified.

Article II

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

Issued on: 5 Rabi Al-Awwal 1423
Corresponding to: 18 May 2002

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 720 issued on 1 June 2002.

Arabic Auto Translate

Published in Official Gazette 720 issued on 1 June 2002.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

the Commercial Companies Law 4/74 and its amendments,

the Financial Law issued by Royal Decree 47/98 and its amendments,

and Royal Decree 18/97 Establishing an Omani Public Joint Stock Company Named “Oman Development Bank”,

and in pursuance of public interest,

have decreed as follows

Article I

The text of Article 7 of the Annex to the Constitutive Provisions of the Oman Development Bank SAOG attached to the mentioned Royal Decree 18/97 is hereby replaced with the following text:

The bank must be managed by a board of directors consisting of a chairman and four members representing the Ministry of Finance, Ministry of National Economy, Ministry of Commerce and Industry, and Ministry of Agriculture and Fisheries. It is permitted for two members of competence and experience nominated by the ordinary general meeting of the bank to be added to them.

The appointment of the chairman and members must be issued by a decision by the Council of Ministers on the basis of a proposal by the minister supervising the Ministry of Finance. The representative of this ministry must be the deputy chairman to replace him in the event of his absence or if he is unable to attend.

Article II

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

Issued on: 5 Rabi Al-Awwal 1423
Corresponding to: 18 May 2002

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 720 issued on 1 June 2002.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

the amendments to the Convention for the Establishment of the International Telecommunication Satellite Organization approved by the conference of the parties held in Washington DC, United States of America, from 13 to 17 November 2000,

and the amendments to the operating agreement approved by the conference of signatories held in Washington DC, United States of America, from 9 to 10 November 2000,

and in pursuance of public interest,

have decreed as follows

Article I

The Convention for the Establishment of the International Telecommunication Satellite Organization (ITSO) is hereby ratified in accordance with the decision of the conference of the parties held in Washington DC, United States of America, from 13 to 17 November 2000.

Article II

The amendment to the operating agreement of the mentioned organisation is hereby ratified in accordance with the decision of the conference of signatories held in Washington DC, United States of America, from 9 to 10 November 2000.

Article III

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

Issued on: 22 Safar 1423
Corresponding to: 5 March 2002

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 719 issued on 15 May 2002.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

and the Insurance Companies Law issued by Royal Decree 12/79 and its amendments,

and in pursuance of public interest,

have decreed as follows

Article I

The text of article 59 of the mentioned Insurance Companies Law is hereby replaced with the following text:

The minister may impose on insurance companies subject to the provisions of this law a proportional fee calculated on the total direct premiums due to the company for all policies during the year, provided that this fee does not exceed 4% for all insurance operations.

Article II

A new article numbered 59bis is hereby added to the mentioned Insurance Companies Law with the following text:

A fund named the “Insurance Emergency Fund” is hereby established in the ministry to assist in resolving crises facing the insurance sector in the Sultanate.

This fund must be financed by a percentage of the fees stipulated in article 59 of this law. The minister shall issue a decision specifying this percentage and any other resources for the fund, stating the cases in which assistance is provided, and governing work in the fund.

Article III

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

Issued on: 22 Safar 1423
Corresponding to: 5 March 2002

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 719 issued on 15 May 2002.