News
BREAKING: HM The Sultan To Establish Basic Law And Appoint New Crown Prince

Muscat: His Majesty Sultan Haitham Bin Tarik issued two Royal Decrees today [Monday, January 11] that underline state and governance matters that are in line with the Oman Vision 2040.
As per the Oman News Agency, HM the Sultan will appoint a new Crown Prince to the Sultanate and state his duties and powers. The decree is also expected to establish a ‘specific and stable mechanism for the transfer of governing authority in the Sultanate’.
Moreover, a Basic Law will be established for the state to devote a special system to follow up on the progress of work in government units.
It is also expected to evaluate the performance of ministers, deputies, and those in positions in these units.
An Oman TV report also states that the Basic Law will entail the independence of the judiciary as a basis for governance in the state, while also emphasizing the role of the state in ensuring more rights and freedoms for citizens.
* This is a developing story.
-
Banking & Finance1 month ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
OER Magazines2 months ago
OER, May 2025
-
Bahrain1 month ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance2 months ago
Central Bank of Oman Issues Regulatory Framework for Digital Banks
-
Banking & Finance3 weeks ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
Insurance2 months ago
Liva Insurance Sets New Benchmark with ‘Innovative Insurer of the Year’ Award at the New Age Banking Summit 2025
-
Energy4 weeks ago
Russian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
Banking & Finance1 month ago
The Future of the International Financial System to be discussed at SPIEF 2025