Published in Official Gazette 1438 issued on 17 April 2022.
Author: admin
Published in Official Gazette 1438 issued on 17 April 2022.
Arabic
Based on the Commercial Law promulgated by Royal Decree 55/90,
and the letter of the Oman Chamber of Commerce and Industry,
and in pursuance of public interest,
it is hereby decided
Article I
The return for obtaining a commercial loan or debt is hereby determined at a rate of 6% (six percent), unless a lesser rate is agreed. The Minister of Commerce, Industry, and Investment Promotion may—in each case separately—agree with the Oman Chamber of Commerce and Industry to exceed this percentage, in the event that the term of the loan is long, its purpose relates to projects that contribute to achieving economic development, or the degree of risk is high.Article II
The provisions of article I of this decision do not apply to loans provided by banks, financing companies, and companies for leasing assets licensed by the Central Bank of Oman.Article III
This decision shall be published in the Official Gazette, and is applicable for one year from the date of its publication. Issued on: 28 Sha’ban 1443 Corresponding to: 31 March 2022Qais bin Mohammed bin Moosa Al-Yousuf Minister of Commerce, Industry, and Investment Promotion
Published in Official Gazette 1437 issued on 10 April 2022.
Note: The following text is a public domain translation published by the Official OmanVsCovid19 Twitter account.
Statement of the Supreme Committee
As part of its ongoing convening, the Supreme Committee tasked with tackling developments resulting from coronavirus (Covid-19) pandemic followed up recent updates about the pandemic and reviewed means of protection against the disease and ways to curb the spread of the virus.
Upon the advent of the holy month of Ramadan, Covid-19 Supreme Committee took the opportunity to greet His Majesty Sultan Haitham bin Tarik, Omani citizens and residents in the Sultanate of Oman, as well as the Arab people and Islamic nation. The panel wished all good health and abundant bounties and blessings.
The Supreme Committee studied the epidemiological situation in the local front and international arena. It noted the decline in cases of infection and hospitalization in the Sultanate of Oman at a time the rates of Covid-19 infections are again picking up in some countries of the world.
As the pandemic persists worldwide upon the approach of the holy month of Ramadan and, in realization of Islam’s edicts calling for safeguarding human life and, to maintain the gains made over the past period, Covid-19 Supreme Committee took the following decisions which, it said, have to be endorsed throughout Ramadan:
– First: Attendance at Taraweeh congregational prays has to be exclusively limited to worshippers who received two-dose vaccination against Covid-19. Unvaccinated people, including children aged below 12 years, are prohibited to enter the mosques during the said period.
– Second: Mass gatherings for charity breakfast meals (Iftar Sa’im) continue to be banned in mosques and other public places, including tents and public assembly halls. Charity teams and private establishments concerned, including civil society institutions, may distribute the meals to target beneficiaries, but without organising gatherings.
– Third: All members of the public have to continue observing precautionary protective measures, including wearing face masks and maintaining physical distance in closed areas, including mosques.
Covid-19 Supreme Committee also underscores the need to continue operation of collective activity venues—like halls, conference places, local and international exhibitions and other mass activity areas—to a maximum of 70% capacity of the said venues.
In the meantime, the committee urged all those who feel any symptoms of Covid-19 infection to avoid attending congregational prayers or entering public gathering areas, to help protect themselves and their society.
The panel also advised Omani citizens and residents in Oman to take the Covid-19 booster dose as soon as possible, notably those whose second dose vaccination lasted more than 6 months. It added that the booster dose would bolster individual and communal immunity.
Based on the Foreign Capital Investment Law promulgated by Royal Decree 50/2019,
and in pursuance of public interest,
it is hereby decided
Article I
The texts of articles 5 and 7 of the Executive Regulation of the Foreign Capital Investment Law are hereby replaced with the following texts:
Article 5
The ministry may license individuals, establishments, and companies from inside or outside the Sultanate of Oman to market investment opportunities, attract investors, and encourage them to invest in the Sultanate of Oman, in accordance with the rules specified by a decision by the minister.
Article 7
The foreign investor or his representative may entrust an office licensed by the ministry with examining the investment licence application and the applications for obtaining the approvals, permits, or licences necessary to establish the investment project to verify the extent to which they meet all the conditions and requirements prescribed by law for their issuance. A certificate of this effect shall be issued by the office and shall be valid and acceptable before the centre for a period of 6 (six) months from the date of its issuance, and the centre has the right to object to the content of this certificate, within 10 (ten) days from the date of its submission, and the objection must be reasoned.
These offices may submit the aforementioned applications to the centre on behalf of the investor, and follow up on their completion.
A decision by the minister shall specify the conditions and procedures for licensing the offices for the approval of these applications and their mechanism of work; determining their obligations, and in particular, the obligations relating to exercising due diligence in practising their work; verifying the accuracy and correctness of the data, information, and documents submitted to the centre; completing the examination of applications in a timely manner; and maintaining the confidentiality of the data, information, and documents relating to them.
Article II
This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.
Issued on: 24 Sha’ban 1443
Corresponding to: 27 March 2022
Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion
Published in Official Gazette 1436 issued on 3 April 2022.
Arabic
Based on the Law Governing the Foreign Ministry promulgated by Royal Decree 32/2008,
and the Regulation of the Omani Friendship Associations issued by Ministerial Decision 341/2007,
and in pursuance of public interest,
it is hereby decided
Article I
The Omani-Bahraini Friendship Association is hereby founded, and its constitution shall be recorded in the register prepared in the ministry for this purpose.Article II
This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication. Issued on: 21 Sha’ban 1443 Corresponding to: 24 March 2022Badr bin Hamad bin Humoud Al-Busaidi Foreign Minister
Published in Official Gazette 1436 issued on 3 April 2022.
Published in Official Gazette 1435 issued on 27 March 2022.
Published in Official Gazette 1434 issued on 20 March 2022.