1. See: www.mjla.gov.om/legislation/decrees/details.aspx?Id=1397&type=L (available only in Arabic)2. See: omanportal.gov.om/wps/wcm/connect/3798ffd0-d1a0-4a41-970f-a5f211f50c3b/Electronic+Transactions+Law+English.pdf?MOD=AJPERES According to the New CFLI, an investment project refers to any economic activity established in Oman by a foreign investor, individually or in partnership with another foreigner or an Omani. In accordance with the implementing rules, the competent authority is required to establish a register listing all approved investment projects, permits, permits and licences, as well as their investment details, which are updated once a year. In this context, the draft general state budget for the year 2023, as well as its objectives and programs, were discussed. The review included the Government`s plans to maintain financial stability and measures to achieve the target growth rates approved in the 10th Five-Year Plan. Muscat: Royal Decree No. 68/2021 on the Basic Law of the State, issued on January 11, 2021, represents a new beginning of consultation work in the Sultanate. Regarding regional and international aspects, His Majesty the Sultan reviewed the bilateral relations of the Sultanate of Oman with Arab and friendly countries. His Majesty the Sultan reaffirmed his interest in maintaining cooperation with all countries in order to safeguard Oman`s interests with all. In the event of a breach of the security of personal data resulting in the unlawful destruction, alteration, disclosure, access or processing of personal data, the controller is obliged to inform the MTCIT and the data subject of the breach in accordance with the controls and procedures established in the regulations (Article 19 of the Law). The law is seen as a new addition that does justice to the historical development of consultative work in the Sultanate of Oman. (February 4, 2021) On 12 January 2021, Haitham bin Tariq, the Sultan of Oman, issued Royal Decree No.
6/2021 on the Basic Law of the State, which introduces a new mechanism for appointing a Crown Prince and repeals Royal Decree No. 96/101 on the Basic Law of the State. Data controllers must obtain the written consent of the data subject before sending them advertising or marketing material for commercial purposes in the manner established by the Regulation (Article 22 of the Law). The companies concerned should analyse investment opportunities and consider the following measures: In addition, section 7 of the Act designates the Ministry of Transport, Communications and Information Technology (MTCIT) as the regulatory authority responsible for enforcing the provisions of the Act. Economic analysts such as Ubaldo Tripoli, partner at consulting firm Kearney, and Scott Cairns, managing director of Creation Business Consultants, approved the adoption of Decree No. 6/2011. Tripoli and Cairns say the appointment of a crown prince for the first time in the sultanate`s history will boost investor confidence in the long term. Tripoli also said that by consolidating the power transfer mechanism, Oman has increased transparency, creating an atmosphere more conducive to foreign direct investment. The Act repeals and replaces all conflicting legal provisions referred to in Article 3 and refers in particular to Chapter 7 of Royal Decree No 69/2008 promulgating the Law on Electronic Transactions2 (“Law on Electronic Transactions”) as no longer applicable. To learn more about research and tax insights, check out our publications and newsletters. Since then, several decisions have been announced, which have received mixed reviews from Omanis and resident foreign workers. In monitoring the unit`s efforts to measure the performance of government institutions, His Majesty the Sultan noted the performance of units of the state administrative apparatus in the first half of 2022.
It expressed satisfaction with the results of the evaluation of these services. He reiterated the importance of striving to improve performance and provide the best services that keep pace with the latest developments and are in line with the public interest. A data subject who believes that a right under the HPA has been violated may report the violation to the ministry. In terms of financial and economic aspects, His Majesty the Sultan reviewed the results of the execution of the 2022 State Budget by August, as well as the outlook for fiscal performance until the end of the year. In this regard, His Majesty the Sultan expressed his satisfaction with the measures taken by the Government to reduce public debt and reduce its risks to the national economy. He also commended the efforts of state institutions to achieve balanced spending ratios that keep pace with confirmed estimates since the beginning of 2022. The current law of the Council of Oman comprises 78 articles and was promulgated in the light of the current Basic Law of the State. The 78 articles are divided into seven chapters, starting with the General Regulations, a chapter on the Council of State, a chapter on the Majlis Al Shura, a chapter on common rules for the Councils of the Majlis Al Shura and the Council of State, a chapter on the convening and conditions of the Council of Oman and its prerogatives. a chapter on the instruments of follow-up to the Majlis Al Shura and a chapter on final and transitional rules. In addition, the Act adds that, in the context of the application of the provisions of the Act, a competent court may, in addition to the fines imposed, order the confiscation of the instrumentalities used to commit the offence (Article 31 of the Act).
Her Majesty also expressed satisfaction with the efforts made in the area of employment initiatives and stressed the importance of redoubling efforts. Muscat: His Majesty Sultan Haitham bin Tarik chaired a Cabinet meeting at Al Barakah Palace on Tuesday. The law provides that personal data may only be processed in accordance with the principles of transparency, honesty and respect for human dignity and with the express consent of the data subject to the processing of his or her personal data (Article 10 of the Act). Article 10 of the Act also stipulates that requests for consent to processing must be drafted in a clear, honest and comprehensible manner and that controllers must be able to demonstrate that the written consent of data subjects to the processing of their data has been obtained. The sultanate faced a wave of protests from unemployed Omanis in late May 2021, after which the government tried to limit work to residents of several sectors. In addition, the Data Protection Act repeals and replaces Chapter 7 of the Electronic Transactions Act, which was replaced by Royal Decree No. 69 of 2008, and provides for the rights of data subjects, including the following: In June 2020, the Ministry of Trade and Industry of Oman (MOCI) published the implementing regulations for the new CFLI, which set out provisions for the registration of foreign investment projects. Benefits for specific projects, allocation of land for investment and evaluation of projects by the competent authority, etc.
The Ministry of Information (“MoI”) announced on February 9, 2022 that Royal Decree No. 6 of 2022 promulgating the Personal Data Protection Law (hereinafter “Data Protection Law”) was published by HRH Sultan Haytham and published in Official Gazette No. 1429 on February 13, 2022. In particular, the Data Protection Act consists of 32 articles that, among other things, introduce data protection principles that more closely align the country`s legal system with global data protection laws. In particular, the Data Protection Act provides that the Minister of Transport, Communications and Information Technology shall issue implementing regulations to supplement the Data Protection Act, as well as the necessary decisions to implement and enforce its provisions. In this context, the Data Protection Act also designates the Ministry of Transport, Communications and Information Technology as the regulatory authority responsible for the implementation and enforcement of the provisions of the Data Protection Act. Create an account to continue accessing selected articles, resources, and how-to guides. Companies with at least 30% workforce Omanis receive an additional 30% discount on recruitment fees when hiring foreign employees.
Decision No. 235/2022 is part of the authorities` Omanization efforts with the aim of giving residents opportunities and priority in the labor market. Shabib Al Maamari, pictured, founded the non-profit organization Injaz Oman to spark students` interest in the private sector and help them get an education. Justin Vela/The National To encourage the recruitment of locals, the government has introduced a system that pays 150 rials per month for 12 months for each Oman employed by a private company. The new royal decree paves the way for Sayyid Dhi Yazan, the eldest son of Sultan Haitham bin Tariq, to become Crown Prince of Oman. Sayyid Dhi Yazan was born on August 21, 1990 and died on August 18, 1990. In August 2020, he was appointed Minister of Culture, Sports and Youth. Before becoming a minister, Sayyid Dhi Yazan worked as a diplomat at the Omani Embassy in London. After an active 2021 in terms of data protection laws and developments in the Middle East, the new year brought a new data protection law, this time in the Sultanate of Oman. The Personal Data Protection Act promulgated by Royal Decree No. 6 of 2022 of 9 February 20221 (hereinafter “the Law”) was published in the Official Gazette on 13 February 2022, marking the introduction of Oman`s first comprehensive Data Protection Law.