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- Zain launches 5G Advanced, unlocking new horizons for Kuwait's digital economy
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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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01/07/2025
Zain has officially launched its next-generation 5G Advanced network, delivering nationwide coverage across most of Kuwait. The rollout marks a major step forward in unlocking the full potential of t
Kuwait Times
01/07/2025
Tabreed, a leading district cooling company based in Abu Dhabi, has entered into a partnership with CVC DIF, a Dutch mid-market infrastructure equity fund manager, to acquire PAL Cooling Holding from
Trade Arabia
01/07/2025
Adnoc Drilling Company has announced that one of its key units, Adnoc Onshore, has awarded a major contract worth $800 million for the provision of integrated hydraulic fracturing services for conven
Trade Arabia
01/07/2025
The Dubai based finance company Amlak is exiting the real estate side of its business operations.
Shareholders on Monday (June 30) gave their approval for Amlak to sell its real estate finan
Gulfnews
30/06/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has announced that it had achieved a major occupational safety milestone by clocking 37 million safe working hours without
Trade Arabia
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