The Ministry of Finance (MOF) published in this week’s issue of the Official Gazette the Executive Regulation of the Public Debt Law, providing practical implementation details for the Public Debt Law that was issued back in 2023.
Author: Zainab Al-Lawati
Zainab is a legal intern at Decree. She has previously interned in various sectors including the government, private practice, the banking sector, and the energy sector. She is interested in commercial and corporate law. She holds an LLB from the University of Bristol.
The Secretariat General of the Tender Board issued a new circular last month banning government entities from contracting with private sector companies that do not comply with Omanisation percentages.
You can read the circular in full in English below:
The Central Bank of Oman (CBO) issued last week the Regulatory Framework for Digital Banks. This regulatory framework sets the requirement for establishing a digital bank, creates two categories for digital banks, sets minimum capital requirements, restrictions on the activities for different digital bank categories, and progressive Omanisation percentages that increase over a period of five years, licensing conditions, and the requirements to present a business plan to obtain the license, among other things.
The legal framework regulating the practice of foreign lawyers in the Sultanate of Oman was fundamentally reshaped by the new Advocacy and Legal Consultancy Law, issued by Royal Decree 41/2024, and the Executive Regulation of the Advocacy and Legal Consultancy Law issued by the Ministry of Justice and Legal Affairs Decision 66/2025. Some of the most significant changes by this new legal framework are the rules governing the practice of foreign lawyers in Oman. This blog post will highlight the key implication that this new law would have for foreign lawyers wishing to work in private practice in Oman.
Book Two of the Basic Statute of the State, i.e. the Omani constitution, lays down the foundation for how the state functions as well as its main priorities. While the Basic Statute of the State as a whole is rich in constitutional guidance, Book Two is especially notable for how it comprehensively maps out the principles that shape Oman’s political, economic, social, and cultural trajectory. This blog post highlights the key principles found in this extremely important part of the Omani constitution.