Insurers in Oman are planning to make better use of technology and raise the industry’s profile in an effort to boost the size of the market and improve profitability in what is a crowded sector.
Oman
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Economic update | Oman Year in Review 2013
26 Jan 2014
Stable growth in Oman during 2013 is expected to continue this year, supported by both an increase in oil production and the government’s fiscal policies, with the non-oil sector set to boost expansion.
Economic update | Calls to increase Oman’s tax base
12 Jan 2014
The government in Oman has been urged to cast its taxation net wider to fund the state’s economic and social welfare programmes, with the need for additional revenue flows likely to become more pressing if global oil prices ease further as some analysts have predicted.
A move to relax the criteria that prospective homebuyers in Oman must meet to qualify for interest-free loans has provided low-income earners with an entry-point into the Sultanate’s real estate market.
A programme by the Omani government to pour billions into infrastructure to help support long-term economic diversification is benefiting the Sultanate’s construction sector, which will likely see its order books filled for years to come.
Economic update | Oman enhances oil production
17 Nov 2013
As Oman looks to tap further into its maturing fields, enhanced oil recovery (EOR) techniques the country has been instrumental in pioneering are playing an increasingly central role. Ensuring steady-to-rising output levels in the hydrocarbons sector will help insulate the Sultanate from the effects of any sustained decline in global oil prices.