Regulatory issues affecting privatization in the Gulf

Article Abstract:

Privatization in the Gulf countries requires a different procedure from that which have been implemented in the UK since regulatory priorities in the two regions vastly differ. There are also several issues affecting regulation in the Gulf countries. These would have to be considered in deciding whether the build-own-operate-transfer or build-own-operate privatization scheme would be used. These issues include the basic risk issues or the bankability of the the project, financial returns and bidding programs.

Administration of General Economic Programs, Multinationals Regulation NEC, Multinational corporations, Middle East, Privatization, Privatization (Business), International trade regulation, Arab countries

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Effects of Y2K and the EMU on Arabian Gulf companies: economic and legal consequences

Article Abstract:

Countries in the Arabian Gulf have been long aware of the nature and consequences of the Year 2000 (Y2K) problem, also called the millennium bug. Companies in the region know the economic consequences of Y2K because it will affect computer systems, information technology appliances and any equipment which uses microchips. The region's banking industry is at the forefront of Y2K compliance. Banks are in various stages in testing and completion of their systems' Y2K compliance.

Commercial Banks, Commercial Banking, Banking industry, Year 2000 transition (Computers), Information management, Persian Gulf region

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Oman's new Capital Market Law represents a major overhaul

Article Abstract:

The new Capital Market Law of Oman represents a major change in the country's capital market. The law, which took effect on Jan 15, 1999, replaces the old Muscat Securities Market Law. It promotes clearer division of responsibilities by designating regulatory functions to the Capital Market Authority. It also promotes sophistication of the market by addressing legal uncertainties that result from the development of market practices.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Asset Valuation & Distribution, Laws, regulations and rules, Capital market, Capital markets, Oman, Money market, Money markets

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