Oman signs pacts for promotion of local products at Dubai Expo 2020 timesofoman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofoman.com Daily Mail and Mail on Sunday newspapers.
By: Times TV
The Ministry of Labour and the Authority for Small and Medium Enterprises Development today have signed a cooperation agreement to provide training programmes for 3000 jobseekers.
Rise in number of patients in hospital wards and ICUs signs of an impending danger: Minister
By: ONA
The Supreme Committee tasked with tackling developments resulting from coronavirus held a media briefing on Monday.
Muscat: The Supreme Committee tasked with tackling developments resulting from coronavirus (COVID-19) pandemic held a media briefing at the Diplomatic Club on Monday where editors from Oman News Agency (ONA), Oman TV and other mass media received updates.
Dr. Abdullah Nasser Al Harrasi, Minister of Information, member of the Supreme Committee, said that His Majesty Sultan Haitham Bin Tarik formed the COVID-19 Supreme Committee at an early stage of coronavirus’s outbreak at a global level. He noted that the Supreme Committee took prompt action to safeguard public health, namely by issuing decisions aimed to curb the spread of the virus and keep it in minimum levels in Oman.
Share This -
x
The Central Government recently promulgated the IBC Amendment Ordinance 2021, allowing a pre-packaged insolvency process for micro, small and medium enterprises (MSMEs), in consonance with international best practices. The ordinance in essence has amended the the Insolvency and Bankruptcy Code 2016 allowing the Central Government to notify such pre-packaged process for defaults of not more than Rs. 1 crore to be initiated by the corporate debtor.
The Ordinance inter alia has inserted a new Chapter-IIIA in the IBC 2016 to provide for making an application for initiating pre-packaged insolvency resolution process in respect of a corporate debtor classified as a micro, small or medium enterprise (MSME) under sub-section (1) of section 7 of the Micro, Small and Medium Enterprises Development Act, 2006.