On 19 November 2024, His Majesty the Sultan issued Sultani Decree No. 59/2024, establishing the System for Signing Contracts and Financial Commitments of the State. The decree was published few days after its issuance and introduces a modernized and comprehensive framework for financial contracting by Oman’s state administrative units and

Oman took a significant step in modernizing its media landscape with the issuance of Sultani Decree 58/2024, which enacts the new Media Law, issued on 10 November 2024. This law consolidates and replaces three previous regulations: The Printed Material and Publishing Law No. 49/1984, Censorship of Artistic Works No. 65/1997,

This year marks the 45th anniversary of Royal Decree 12/79 Promulgating the Insurance Companies Law (the Insurance Law). This law is crucial in defining the rights and obligations of parties to insurance contracts in Oman. In addition to regulating the operations of insurance entities, the Insurance Law prescribes essential protections

Looking to do business in Oman? Are bidders required to be established in the jurisdiction to bid or execute a contract with the procuring entity? What are the requirements for local content? Where are public tenders advertised? What is the procurement legislation, and where can it be found? Mehdi Al

Oman’s Financial Services Authority announces groundbreaking bonds and Sukuk Regulation. New framework introduces green and sustainable financing options to boost private sector investment. The Sultanate of Oman’s Financial Services Authority (FSA) has taken a decisive step to revitalize the Sultanate’s debt market with the introduction of new bonds and Sukuk

Transition from Capital Market Authority to FSA aims to strengthen regulatory framework and investor confidence.   In a landmark move to bolster the independence and integrity of its financial sector, the Sultanate of Oman has announced the establishment of the FSA. This strategic initiative is set to transition all powers,

In an era where data breaches are increasingly common, Oman has taken a step forward with the introduction of the Implementing Regulation of the Personal Data Protection Law, enacted by Ministerial Decision No 34/2024 (“Regulation”). The Regulation, in conjunction with the Personal Data Protection Law issued in 2022 under Sultani

DLA Piper and Omani firm, Al Lawati Law played instrumental roles as legal advisors in orchestrating the integration of two industry titans, Royal & Sun Alliance Insurance Middle East (RSA Middle East) and National Life & General Insurance Company SAOG (NLGIC) in Oman. The integration, officially completed in October of the preceding year, harmoniously fused NLGIC’s