Retailers are seeking to strike a new balance between consumer rights and free market norms.
The Public Authority for Consumer Protection is implementing laws and regulations to protect the rights of customers and ensure that the market is free of fraud and improper business practices, says Omar Faisal Al-Jahadmi, its Deputy Chairman for Consumer Services and Market Monitoring in an interview with Oommen John P.
There is near unanimity that customer service standards in Oman need drastic improvement. While the Public Authority for Consumer Protection has stepped in to address grievances, major issues still persist. Oommen John P reports Customer expectations are certainly rising in the Sultanate and that is a good thing – it drives the market to innovate […]
The Sur IPP has been established under a Build-Own-Operate (BOO) scheme. The agreement requires the shareholders of the project company to offer 35 per cent of their stakes in an Initial Public Offering (IPO), which will be launched soon. Oommen John P reports.
The CMA is working to encourage domestic firms to carry out IPOs. According to the Capital Market Authority (CMA), which regulates Oman’s stock exchange and related activities, 2015 has the potential to be a big year for new listings on the Muscat Securities Market (MSM). While details are still relatively scant, according to the government […]
The ambitious rail project is expected to have a long-term positive impact on the Sultanate in a variety of ways.
Oman’s 2015 state budget, which was approved by a royal decree issued on January 2, affirms the government’s commitment to maintain current spending and, in addition, to support ongoing investment in a raft of large-scale capital projects.
A panel discussion on corporate governance was a major highlight of the OER Top 20 Awards event held recently. The Oman Economic Review (OER)’s Top 20 Awards for the Sultanate’s large listed companies for the year 2012 was presented at a gala event held in Muscat recently. At the event held at Afrah Ballroom of […]
Oman Air’s new paper recycling programme, in partnership with Mzaya Al Batina Modern, an Omani company run by young local entrepreneurs, is aimed at recycling waste papers from across the company and from Oman Air’s aircraft arriving at Muscat.