E-Transactions Law published in Gazette
- Oman: Sunday, June 01 - 2008 at 11:36
- PRESS RELEASE
In a move towards creating a suitable environment for secure electronic transactions, the Sultanate of Oman has issued the e-Transactions Law formalised by the Royal Decree 69/2008.
Speaking about the law, Dr. Salim AL-Ruzaiqi, CEO of ITA said, 'One of the main purposes of this law is to facilitate electronic transactions which are vital to e-government and e-commerce applications in Oman. In order to support such transactions, any contract, agreement or communication carried by electronic means as electronic messages is considered legally valid through this law. It regulates the transfer of electronic data and messages through various electronic channels such as the Internet and control changes made to data.'
'Through the enactment of this law, we aim to consolidate public trust in the safe use of e-transaction, messages and records while assuring adequate protection for privacy of data of individuals involved in such e-transactions,' he added.
In order to create the regulatory environment, the law has strict penalties for anyone misusing electronic systems, the applications and the data resident in them by punishing criminal acts using electronic systems and data like hacking into computer systems, un-authorised capture or tampering with data etc.
Promotion of this law sets up unified rules, regulations, and standards of authenticating electronic messages and records. By building trust and security it will reinforce the development of the e-transaction at the national, Gulf, and Arabic domain by using the e-signature and e-transactions.
The use of electronic signatures in the electronic commerce set forth a common legal framework for electronic authentication over the Internet or other electronic media. It will also play a pivotal role in forming contracts, carrying out business, assisting people to work together co-operatively and underpinning many forms of electronic collaboration.
Article Options
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions

Posted by Staff



