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- Kingdom's film revenue hits $225m, Riyadh takes biggest share
- Shale rigs idle, layoffs rise as $60 oil tests resilience of Permian
- NBK successfully issues KD 150m Tier 2 subordinated bonds
- NBK launches Kuwait's first POS financing solution for SMEs
- Boursa Kuwait reinforces efforts to advance investor relations in Kuwait capital market
- Broad money supply in Oman rises by 4.3% to reach OMR25.7bn
- UAE economy to see 'smaller' impact from global slowdown
- NBO raises $450mn via AT1 capital securities
- Omantel appoints Fadhil as new CEO
- OETC invests RO248mn in strategic projects
16/02/2014 09:28 AST
A memorandum of understanding (MoU) was signed between Dhofar Insurance Company and Munich Health Daman Holding for forming a joint venture company specialised in health insurance in Oman, said a disclosure statement posted by Dhofar Insurance on MSM website.
If everything goes well, it will be the first specialised health insurance company in Oman.
In fact, Oman government actively considered a plan for introducing compulsory healthcare insurance for expatriate workers in the corporate sector few years ago, but no decision has been taken so far.
Cashless scheme
Employee medical insurance is a cashless scheme wherein the insurance company, which ties up with a network of hospitals/polyclinics, gets volume business and the employees of its corporate clients get access to cashless healthcare facilities. Once the company pays its group medical premium, there is no administrative work for the company and all worries related to employee healthcare would rest with the insurance company and the concerned hospital.
Authorities will have to monitor the private hospitals and polyclinics to check malpractices, before making group medical insurance mandatory. Private health centres have to be better regulated and corporate governance should be introduced there. More than 10 local companies and several multinational firms are currently offering employee group medical insurance to the sultanate's corporate clients.
Times of Oman
27/04/2014
Dhofar Insurance Co has reported a five per cent growth in net profit to RO1.66mn for the first quarter ended March 31, 2014, compared with a net profit of RO1.58mn for the corresponding period of th
Muscat Daily
07/03/2013
The court of appeal supported the decision of the disciplinary committee of CMA imposing a fine of R.O. 5000 on Dhofar Insurance Company for violation of some of the rule pertaining to the convene of
Press Release
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24/11/2025
National Bank of Kuwait (NBK) announced the successful issuance of KD 150 million Tier 2 subordinated bonds, aimed at enhancing Tier 2 capital adequacy in accordance with Basel III requirements and t
Kuwait Times
24/11/2025
In a landmark move that reaffirms its position as a leader in financial innovation, National Bank of Kuwait (NBK) has announced the launch of Kuwait's first-ever Point-of-Sale (POS) financing solutio
Kuwait Times
24/11/2025
The National Bank of Oman (NBO) has successfully completed the issuance of its Additional Tier 1 (AT1) capital securities in Regulation S format, securing a strategic transaction that drew strong int
Muscat Daily
24/11/2025
The Board of Directors of Oman Telecommunications Company (Omantel) on Sunday announced the appointment of Aladdin bin Abdullah Bait Fadhil as the company's new Chief Executive Officer.
Prio
Muscat Daily
24/11/2025
Ithmaar Bank, a Bahrain-based Islamic retail bank, has appointed Naif Alnasser as Head of Asset Management and Remedial Management Unit (RMU), reporting to Ithmaar Bank Chief Executive Officer, Maysa
Trade Arabia
Financial Information Co.
Saudi Arabia