5 Hrs
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الرؤية
Oman Implements New Used Spare Parts Rules
Trading activity on the Muscat Stock Exchange increased by 6.1%, reaching a market value of 38.2 billion Omani rials, amid investor optimism regarding improved economic performance. Additionally, some coasts of Ras Al Ma’mara were affected by oil pollution, though the contaminated area did not reach the shores of Masirah. A fine of up to 2,000 rials was imposed for new regulations on the sale of used spare parts in Oman. In another development, the government introduced measures and decisions to improve the investment environment, as concerns grew over a potential nationwide ban on commercial registration records, which could threaten the investment climate.
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