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His Majesty the Sultan issues five Royal Decrees

Business Wednesday 17/October/2018 20:06 PM
By: Times News Service
His Majesty the Sultan issues five Royal Decrees

Muscat: His Majesty Sultan Qaboos bin Said yesterday issued five Royal Decrees.
Royal Decree No.22/2018 introduces some amendments to the Law on Protection of Competition and Prevention of Monopoly.
Article (1) replaces the word “Authority” wherever it occurs in the Law on Protection of Competition and Prevention of Monopoly with “Centre”, and replaces the definition of the “Authority” wherever it occurs in this law with “The Centre: Centre for Protection of Competition and Prevention of Monopoly”.Article (2) cancels all that contradicts this decree or contravenes its provisions.
Article (3) says that this decree shall be published in the Official Gazette and enforced on the day following its date of publishing.
Royal Decree No. 23/2018 amends some provisions of Royal Decree No. 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 No. 35/2012 on the promulgation of the System of the Public Authority for Investment Promotion and Exports Development.
Article (2) cancels all that contradicts the amendments attached to this decree or contravenes their provisions.
Article (3) says that this decree shall be published in the Official Gazette and enforced on the day following its date of publishing.
Royal Decree No.24/2018 on the appointment of an adviser at the Ministry of Foreign Affairs.
Article (1) appoints Dr. Salim bin Nasser Al Ismaili as Adviser at the Ministry of Foreign Affairs with the same rank and financial allocations accorded to him.
Article (2) says that this Decree shall be published in the Official Gazette and enforced on its date of publishing.
Royal Decree No. 25/2018 on the appointment of a 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 (2) says that this decree shall be published in the Official Gazette and enforced on its date of publishing.
Royal Decree No. 26/2018 on the establishment of Oman Commercial Arbitration Centre.
Article (1) states that a special 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 financial and administrative autonomy.
Article (2) instructs the Chairman of the Board of Directors of Oman Chamber of Commerce and Industry to issue the system of operation and functioning of Oman Commercial Arbitration Centre.
Article (3) cancels all that contradicts this decree or contravenes its provisions.
Article (4) says that this Decree shall be published in the Official Gazette and enforced on its date of publishing.