Arabic
We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
Royal Decree 16/82 Appointing the Deputy Prime Minister for Financial and Economic Affairs,
and Royal Decree 43/82 Appointing the Deputy Prime Minister for Financial and Economic Affairs as Deputy Chairman of both the Development Council and the Financial Affairs Council,
and in pursuance of public interest,
have decreed as follows
Article 1
The Deputy Prime Minister for Financial and Economic Affairs hereby has the following mandates:
1. Determining the public objectives of economic development through the Development Council.
2. Preparing the financial policy of the state through the Financial Affairs Council.
3. Supervising the work of the Ministry of Finance.
4. Following up on the implementation by ministries and all independent government units of the established public policy in the financial and economic fields.
5. Participating in local, regional, and international financial and economic conferences that serve the interests of the Sultanate, in coordination with the Foreign Ministry.
6. Consolidating financial and economic relations between the Sultanate and the states of the Gulf Cooperation Council, the League of Arab States, and Islamic and friendly states.
7. Compiling research and statistics relating to financial and economic activity in the Sultanate and submitting their results to His Majesty the Sultan.
8. Approving work permits for banking institutions, investment companies, and other companies operating in the field of economic affairs.
9. Exercising other powers stipulated or to be stipulated in special laws.
Article 2
The Deputy Prime Minister for Financial and Economic Affairs shall prepare the Organisational Structure of the financial and economic sector, and a royal decree must be issued to adopt it.
Article 3
All that is contrary to this decree, or in conflict with its provisions, is hereby repealed.
Article 4
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 21 Muharram 1403
Corresponding to: 8 November 1982
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 252 issued on 15 November 1982.