Thursday, 21 Jan 2021
His Majesty Sultan Qaboos bin Said on Wednesday issued five Royal Decrees.

Five Royal Decrees issued

Royal Decree 22/2018
 introduces some amendments to the Law on Protection of Competition and Prevention of Monopoly.

Article 1
 replaces the word ‘Authority’ wherever it happens in the Law on Protection of Competition and Prevention of Monopoly with ‘Centre’, and replaces the definition of the ‘Authority’ wherever it happens in this law with ‘The Centre: Centre of Protection of Competition and Prevention of Monopoly’.

Article two
 cancels all that contradicts this Decree or contravenes its provisions.

Article three
 says that this Decree shall be published in the official gazette and enforced on the day following its date of publishing.

 

Royal Decree 23/2018
 amends some provisions of Royal Decree 35/2012 on the promulgation of the System of the Public Authority for Investment Promotion and Exports Development.

Article 1
 introduces the attached amendments to Royal Decree 35/2012 on the promulgation of the System of the Public Authority for Investment Promotion and Exports Development.

Article two
 cancels all that contradicts the amendments attached to this Decree or contravenes their provisions.

Article three
 says that this Decree shall be published in the official gazette and enforced on the day following its date of publishing.

 

Royal Decree 24/2018
 appoints an advisor at the Ministry of Foreign Affairs.

Article 1
 appoints Dr Salim bin Nasser al Ismaili as Advisor at the Ministry of Foreign Affairs with the identical rank and economic allocations accorded to him.

Article two
 says that this Decree shall be published in the official gazette and enforced on its date of publishing.

 

Royal Decree 25/2018
 appoints chairman to the board of directors of the Public Authority for Investment Promotion and Exports Development.

Article 1
 appoints Yahya bin Said bin Abdullah al Jabri as Chairman of the Public Authority for Investment Promotion and Exports Development.

Article two
 says that this Decree shall be published in the official gazette and enforced on its date of publishing.

 

Royal Decree 26/2018
 establishes Oman Commercial Arbitration Centre.

Article 1
 states that a particular centre named ‘Oman Commercial Arbitration Centre’ shall be established and affiliated to Oman Chamber of Commerce and Industry, and that this Centre shall have a legal identity and economic and administrative autonomy.

Article two
 instructs the Chairman of the Board of Directors of Oman Chamber of Commerce and Industry to problem the program of operations and functioning of Oman Commercial Arbitration Centre.

Article three
 cancels all that contradicts this Decree or contravenes its provisions.

Article four
 says that this Decree shall be published in the official gazette and enforced on its date of publishing.

Information Source: Muscat Daily

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