The sultanate’s economy continues to enjoy the benefits of petroleum wealth, which has provided budget surpluses in most years and served as a backbone for growth. However, planning is well under way for an era in which oil will not be the main economic driver, with the twin goals of diversification and creating an increased number of private sector jobs at the top of the government’s current agenda.
As fronting and insurance fraud grows in Oman, to what extent can assessing international trends help create a workable solution to these issues?
The largest segment of Oman’s insurance sector, auto policies account for two-fifths of premium income. This line of business is arguably the most important one in the sector and has been singled out for extra attention under the effort of government agencies to improve road safety and reduce risk for insurers. This includes more data collection...
What regulations have been formulated to mitigate the underlying risk profile of exposures, such as bank lending to non-resident entities?
For years the Muscat Securities Market (MSM) has been a small, but stable and growing bourse. Oman’s government and corporations are typically well financed on their own, and therefore access to capital has not been a driving factor helping to increase the size and ease of trading in formal capital markets such as the MSM. Authorities...
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