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Royal Decree

Royal Decree 86/98 Delegating in the Signing of the Air Services Agreement between the Government of the Sultanate of Oman and the Government of the State of Kuwait on Governing Air Transport Services

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 Agreement Between the Government of the Sultanate of Oman and the Government of the State of Kuwait on the Regulation of Air Services,

and in pursuance of public interest,

have decreed as follows

Article I

The Minister of Transport is hereby authorised to sign the mentioned Agreement Between the Government of the Sultanate of Oman and the Government of the State of Kuwait on Air Services.

Article II

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

Issued on: 11 Sha’ban 1419
Corresponding to: 30 November 1998

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 636 issued on 1 December 1998.

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Royal Decree

Royal Decree 82/98 Establishing the Muscat Depository and Securities Registration Company

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,

and the Capital Market Law issued by Royal Decree 80/98,

and in pursuance of public interest,

have decreed as follows

Article I

An Omani closed joint stock company (SAOC) is hereby established named Muscat Depository and Securities Registration Company, and the provisions provided in the attached annex hereby apply to the company.

Article II

The constitutive contract of the company and its articles of association must be prepared in accordance with the provisions of the Commercial Companies Law to the degree that they do not contradict with the provisions of the attached annex. The Minister of Commerce and Industry is hereby authorised to sign it on behalf of the authority.

Article III

The company is hereby granted the concession to carry out the work of the unified office for deposit and transfer in the Muscat Securities Market and to provide the services described in the attached annex, in accordance with the terms and conditions set out in the concession contract concluded between the authority and the company. The Minister of Commerce and Industry is hereby authorised to sign the contract on behalf of the authority.

Article IV

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

Issued on: 6 Sha’ban 1419Corresponding to: 25 November 1998

Qaboos bin SaidSultan of Oman

Published in Official Gazette 636 issued on 1 December 1998.


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Categories
Royal Decree

Royal Decree 80/98 Issuing the Capital Market Law

Arabic Consolidated Text

Published in Official Gazette 635 issued on 15 November 1998.

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Royal Decree

Royal Decree 81/98 Establishing an Omani Closed Joint Stock Company under the Name of “National Investment Funds Company SAOC”

Arabic Auto Translate

Published in Official Gazette 635 issued on 15 November 1998.

Categories
Royal Decree

Royal Decree 77/98 Ratifying the Memorandum of Understanding Between the Government of the Sultanate of Oman and the Government of the United Arab Emirates in the Field of Youth and Sports

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 Memorandum of Understanding Between the Government of the Sultanate of Oman and the Government of the United Arab Emirates in the Field of Youth and Sports signed in the city of Muscat on 27 September 1998,

and in pursuance of public interest,

have decreed as follows

Article I

The mentioned Memorandum of Understanding Between the Government of the Sultanate of Oman and the Government of the United Arab Emirates in the Field of Youth and Sports is hereby ratified.

Article II

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

Issued on: 19 Rajab 1419
Corresponding to: 8 November 1998

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 635 issued on 15 November 1998.

Categories
Royal Decree

Royal Decree 79/98 Ratifying the Amendment of the Agreement Establishing the INTELSAT Organization and Its Operating Agreement

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 agreement establishing the INTELSAT Organization,

the operating agreement of the mentioned organisation,

and Royal Decree 80/95 Ratifying the Amendment of the Agreement Establishing the INTELSAT Organization and Its Operating Agreement,

and in pursuance of public interest,

have decreed as follows

Article I

The amendment of articles 1, 2, 8, 9, 16, and 17 of the agreement establishing the INTELSAT Organization is hereby ratified as approved by the assembly of parties at its twentieth meeting held in Copenhagen in Denmark in August 1995.

Article II

The amendment of articles 6, 14, 15, and 22 of the INTELSAT Operating Agreement is hereby ratified as approved by the assembly of signatories held in Washington DC in the United States of America during the period from 16–17 April 1996.

Article III

The mentioned Royal Decree 80/95 is hereby repealed.

Article IV

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

Issued on: 19 Rajab 1419
Corresponding to: 8 November 1998

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 635 issued on 15 November 1998.

Categories
Royal Decree

Royal Decree 76/98 Approving the Establishment of the Youth Enterprise Development Fund SAOC and the Privileges Granted to It

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 Corporate Income Tax Law issued by Royal Decree 47/81 and its amendments,

the Foreign Capital Investment Law issued by Royal Decree 102/94 and its amendments,

the System of Financial Support for the Private Sector in Some Economic and Service Fields issued by Royal Decree 17/97,

and Royal Decree 18/97 Establishing Oman Development Bank,

and in a desire to support projects aimed at encouraging Omani youth and developing the national economy,

and in pursuance of public interest,

have decreed as follows

Article I

The establishment of a closed Omani joint stock company named the Youth Enterprise Development Fund SAOC is hereby approved. Its constitutive contract and articles of association must be prepared in accordance with the provisions of the mentioned Commercial Companies Law.

Article II

The projects in which the fund contributes are hereby considered to be projects that are eligible for support and soft loans in accordance with the laws and regulations in force in this regard.

Article III

The fund is hereby exempt from corporate income tax for a period of ten years. It is permitted to extend the exemption for a similar period by a decision issued by the Financial Affairs and Energy Resources Council.

Article IV

Projects in which the fund contributes to their capital upon their establishment are hereby exempt from corporate income tax or from the profits tax on commercial and industrial establishments for a period of five years from the date of establishment or commencement of activity. It may be renewed for another five years, provided that the renewal is issued by a decision by the Financial Affairs and Energy Resources Council, and provided that the exemption is in accordance with the controls issued by a decision by the Minister Supervising the Ministry of Finance.

Article V

The fund is hereby exempt from the provisions of the Foreign Capital Investment Law issued by Royal Decree 102/94 and its amendments.

Article VI

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

Issued on: 19 Rajab 1419
Corresponding to: 8 November 1998

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 635 issued on 15 November 1998.

Categories
Royal Decree

Royal Decree 78/98 Ratifying the Agreement on Mutual Encouragement and Protection of Investments between the Government of the Sultanate of Oman and the Government of the Republic of Yemen

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 Agreement on Mutual Encouragement and Protection of Investments Between the Government of the Sultanate of Oman and the Government of the Republic of Yemen signed in Sanaa on 20 September 1998,

and in pursuance of public interest,

have decreed as follows

Article I

The mentioned Agreement on Mutual Encouragement and Protection of Investments Between the Government of the Sultanate of Oman and the Government of the Republic of Yemen is hereby ratified.

Article II

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

Issued on: 19 Rajab 1419
Corresponding to: 8 November 1998

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 635 issued on 15 November 1998.

Categories
Royal Decree

Royal Decree 75/98 Amending the Law on Environmental Protection and Pollution Control

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 Law on Environmental Protection and Pollution Control issued by Royal Decree 10/82 and its amendments,

and in pursuance of public interest,

have decreed as follows

Article I

The text of article 30 of the mentioned Law on Environmental Protection and Pollution Control issued by Royal Decree 10/82 is hereby replaced with the following text:

Article 30

Without prejudice to any punishment more severe in any other law, whoever causes the damage of nature reserves or harms the property or flora or fauna within them, whether by cutting, hunting, killing, or in any other form, must be punished by imprisonment for a period no less than six months and not exceeding five years, and a fine no less than one thousand Rial and not exceeding five thousand Rial.

The foregoing punishment applies even if the crime is committed against an animal after they are released or leave the scope of the nature reserve.

Article II

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

Issued on: 8 Jumada Al-Akhirah 1419
Corresponding to: 29 September 1998

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 632 issued on 3 October 1998.

Categories
Royal Decree

Royal Decree 74/98 Recomposing the Sultan Qaboos University Council

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 Law of Sultan Qaboos University issued by Royal Decree 9/86 and its amendments,

and in pursuance of public interest,

have decreed as follows

Article I

The Sultan Qaboos University Council is hereby recomposed under the chairmanship of the vice chancellor of the university and the membership of the following:

– Dr Ali bin Mohammed bin Moosa.

– Mohammed bin Ali bin Nasser Al-Alawi.

– Abdulqadir bin Salim Al-Dhahab.

– Rajha bint Abdulamir bin Ali.

– Sheikh Aflah bin Hamad bin Salim Al-Rawahi.

– Salim bin Abdullah Al-Rawas.

– Secretary general of the university—Member and secretary.

– Two Omani teaching faculty members.

The council may seek the assistance of experts, consultants, and deans of colleges, whether in its meetings or in the sessions of its committees.

Article II

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

Issued on: 8 Jumada Al-Akhirah 1419
Corresponding to: 29 September 1998

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 632 issued on 3 October 1998.