Oman advances in Protecting Business Environment’s Competitiveness in 2023

Madayn's industrial cities
Madayn's industrial cities

Muscat: The Sultanate of Oman advanced 0.53 points in the field of “protecting the competitiveness of the business environment” in 2023.

This was unveiled in the annual assessment carried out by the UN Economic and Social Commission for Western Asia (ESCWA) on legislative frameworks for the business environment in the 22-state Arab world.

The evaluation was based on specific indicators on identifying the strengths and weaknesses of legislations related to fair practices in the market—like protecting consumer rights, providing a transparent business environment conducive to investors, enhancing corporate governance and enabling strategic reform that contributes to improving the business environment and augmenting economic growth.

The evaluation focuses on legal frameworks and mechanisms for measuring outcomes as a means of classifying countries in the region. Consequently, it improves the analysis of regional trends and ensures a comprehensive assessment of legal structures.

more recommended stories

Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.