Muscat: His Majesty Sultan Haitham bin Tarik on Wednesday issued Royal decree No (65/2026) on amending some provisions of the Unified System for Insurance Protection Extension to GCC citizens working in member states other than their home countries. Article (1) stipulates that the amendments attached to this decree shall apply to the aforementioned Unified System […]
MUSCAT: Lt Gen Hassan bin Mohsin al Shraiqi, Inspector General of Police and Customs, has issued the executive regulation of the National Records Law through Decision No 84/2026. The decision was issued in line with the National Records Law promulgated by Royal Decree No 52/2024. The executive regulation completes the legislative framework governing national records […]
MUSCAT: Shaikh Abdulmalik bin Abdullah al Khalili, Chairman of the State Council, received on Sunday a delegation from the High Council of State in the State of Libya, headed by Hassan Ali Habib, First Deputy President of the High Council of State. The Chairman of the State Council highlighted the development of Omani-Libyan relations and […]
MUSCAT: The Majlis Ash’shura discussed a number of legislative, oversight and developmental topics during its twenty-first regular session of the third ordinary sitting of the tenth term. The items included the proposed draft law on sanctions and alternative penal measures, as well as the unified draft law on volunteer work in the GCC countries. The […]
MUSCAT: The Central Bank of Oman (CBO) on Thursday announced the issuance of two new Government Development Bonds (GDBs) for public subscription through a competitive auction, comprising Issue No. 80 and Issue No. 81. According to the CBO, Issue No. 80 is valued at RO 100 million with a five-year maturity and a coupon rate […]
MUSCAT: Energy Development Oman (EDO) has announced the successful issuance of a $650 million (RO 250 million) 10-year sukuk, maturing in January 2036. This transaction is part of EDO’s ongoing financing strategy to support a portion of its annual capital expenditure requirements, diversify its funding sources and optimise its capital structure. Priced at a profit […]
The Central Bank of Oman (CBO) has issued a regulation governing the practice of the ‘Buy Now, Pay Later’ (BNPL) service to establish the necessary controls and procedures and ensure it is conducted in a disciplined and transparent manner. “The ‘Buy Now, Pay Later’ service is considered one of the modern financing models that enables […]
