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Oman’s New Citizenship Law On February 2, 2025, Sultan Haitham bin Tariq of Oman issued Royal Decree No. (17/2025), approving a new citizenship law that replaces the previous legislation from 2014. This law introduces a stricter framework for acquiring, retaining, and revoking Omani nationality, raising concerns over its impact on…
Read moreOman’s new Banking Law: Royal Decree 2 of 2025 At the start of 2025, the banking and finance sector of Oman has faced radical changes following the issuance of four new Royal Decrees expected to change the landscape of its regulation. Effective 1 January 2025, the newly introduced Banking Law…
Read moreOman's Social Protection Law Royal Decree 52/2023, Oman, issued on July 19, 2023, has been a momentous step forward in the implementation of universal social security throughout the Sultanate. With the technical assistance of the International Labour Organization (ILO), this is a landmark law that establishes an all-encompassing framework of…
Read moreOman’s New Media Law The Sultanate of Oman has been one step forward in modernizing media development by coming out with a new media law issued under Royal Decree No. 58/2024. Officially, this law became in force on November 11, 2024, and is intended to consolidate and supersede the existing…
Read moreLaw Regulating Trade in Wildlife in Oman Oman has taken a decisive step toward nature conservation by introducing new legislation under the Royal Decree Regulating Trade in Wildlife. The newly enacted law reflects Oman’s strong commitment to biodiversity protection, aligns with the objectives of Oman Vision 2040, and establishes robust…
Read moreEvolution of Fintech in the Middle East “The major winners will be the financial services companies that embrace technology.” With a population of about 600 million people, the Middle East is one of the world's most diverse areas, covering three continents and 21 countries. It is a culturally, politically, and…
Read moreFamily Law in GCC A Family is formed by considering several factors like the social, political, and monetary. Similarly, there is a legal design in framing a family. In a net shell a family law covers two fundamental fields one is the relationship between spouses and the other is the…
Read moreA closer look at Electronic Privacy Laws in the GCC The cooperation council for the Arab State of the Gulf is commonly known as Gulf Cooperation Council (GCC). It is a regional, intergovernmental, political and economic union that consists of all Arab states of the Persian Gulf except Iraq. The…
Read moreEconomic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
Read moreGCC VAT Agreement Introduction Globally the VAT system has been around for a long time. However, for the most part, Arab countries have been operating tax-free in that respect. Over 160 countries around the world have adopted the indirect tax method to reduce the fiscal deficit and facilitate a steady…
Read more1. What is the name of the main regulator/ regulators governing the competition law in this jurisdiction? The Competition Protection and Monopoly Prevention Centre (The Centre) The Board of the Centre (The Board) 2. In the context of a merger acquisition in what circumstances, are the seller and/or the purchaser required to…
Read moreTransfer Pricing Regulations in the Middle East The Transfer Pricing is a common mechanism which the countries use to transfer the tax base. The transfer is often from countries with high taxation to countries with low taxation. Transfer Pricing deprives states of their fair share of taxes from global corporations. In…
Read moreThe Securities Regulation in the State of Oman The Muscat Securities Market (the MSM) was established on 21 June 1988 to regulate and control the Omani Securities Market. While it was a loosely regulated market in its initial stages, enactments such as Royal Decrees 80/98 and 82/98 have helped with restructuring the…
Read moreInitial Public Offering - Oman The Market The Muscat Securities Market (MSM) was established in 1988 with the aim to develop methods and measures to deal with securities, and raise awareness about the market. MSM allows trading in joint stock companies, government bonds, corporate bonds, investment funds and financial instruments…
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